WarnerMedia's Supplier Diversity Development policy is to identify and actively develop diverse businesses, including vendors, contractors and consultants, as sources for purchasing goods and services.
Employees involved in the selection, evaluation and/or approval of vendors, contractors and consultants have primary responsibility for effectively implementing this policy.
For the purpose of this program, a qualified business enterprise is defined as a business that is at least 51% owned, operated and controlled by one or more of the following:
Minority Groups (MBE) – A minority person is a member of the African American, Asian Pacific American, Hispanic American, and or Native American ethnic group.
Caucasian Women (WBE)
Service Disabled Veterans (SDV)
Lesbian, Gay, Bi-sexual and Transgender (LGBT)
In the case of publicly owned businesses, at least 51% of the stock is owned by a member or members of diverse groups.
The goals of WarnerMedia's Supplier Diversity program are:
To purchase goods and services from quality- and price-competitive suppliers owned by diverse group members.
To assist diverse businesses in becoming competitive sources of supply through strategies such as mentoring, joint ventures, strategic alliances, vendor sub-contracting and/or financial assistance
The Supplier Diversity program is a mutually beneficial effort for WarnerMedia and diverse businesses. As WarnerMedia prospers, our goal is that these businesses will expand and prosper too.
We measure the success of WarnerMedia Supplier Diversity program efforts not only by the size of our dollar commitment to diverse vendors, but also by the general benefits of our employees' commitment to help develop successful businesses.