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CVS launched its supplier diversity program in 2000, demonstrating a long-standing commitment to fostering an inclusive business environment and driving economic growth in underrepresented communities. Over the years, the program has achieved major milestones, including its 2017 induction into the Billion Dollar Roundtable, the 2018 acquisition of Aetna and the integration of their supplier diversity programs, and the 2023 launch of the Diverse Supplier Showcase to highlight diverse suppliers, including women-owned businesses.

Actively advocating for women entrepreneurs, CVS collaborates with industry associations, government agencies, and advocacy groups to promote policies supporting diversity. A notable success story is its partnership with Panic Panties, which began at the 2022 Women’s Business Enterprise National Council Innovate event and led to the brand’s products being sold in thousands of CVS stores. Looking ahead, CVS aims to establish a world-class supplier diversity program by 2030, setting a new industry benchmark for inclusion and equity.

2024 WBE Hall of Fame Awards Program Presenters from left: Tom Trotter, Billy Bryant Schultz and Terri Quinton.

Tom Trotter, Chairman of the Board, American Institute of Diversity & Commerce gives WBE Hall of Fame closing remarks.

Accepting for VistraCorp, Phil Seidler, Senior VP Supply Chain

Vistra launched its supplier diversity program in 1989 with the mission to be a leader and innovator in the inclusion, utilization, and development of diverse business enterprises throughout its supply chain. The program’s focus is on driving business value for all stakeholders by fostering competitive small and diverse businesses. Key milestones include the introduction of the structured Supplier Diversity initiative, which encompasses minority and women business enterprises, and the establishment of the Nexus Awards in 1991 to recognize internal achievements. Over the years, Vistra has earned numerous recognitions, such as being named a Top Corporation for Women Business Owners by the Women’s Business Enterprise National Council and inducted into their Hall of Fame.

Vistra’s dedication to supplier diversity has been consistently recognized, including awards from various organizations like the National Minority Supplier Development Council and the National Veteran Owned Business Association. The company’s leadership, including its CEO and C-suite executives, has been directly involved in shaping the program, notably by joining the Supply Chain Diversity Advisory Council in 2010. In 2019, Vistra began tracking and reporting its spend with LGBT and disability-owned business enterprises, contributing to a cumulative spend of over $6.44 billion with diverse suppliers from 1990 to 2024. Their initiatives include a range of strategies such as pre-qualification, multitier, and growth and capacity-building programs aimed at supporting historically underutilized communities.