We promote diversity among our suppliers because they bring new ideas, offer innovative products and processes, and contribute to the economic strength of their communities on a global basis. Our diversity policy cornerstone is the respect for the broad spectrum of diversity within our workforce, suppliers, and customer base.
A solid Supplier Diversity program provides a competitive advantage to Air Products and supports our corporate responsibility to the many communities we are part of. Air Products has a global reach, thus we depend on our people, suppliers, and customers to maximize competitiveness, growth, technology innovation, customer satisfaction, and shareholder wealth.
Supplier Diversity is mandatory for fulfilling contracts with the U.S. Government. In the U.S., the major categories of diversity spend are small business, woman owned, minority owned, and small disadvantaged businesses. Air Products maintains Supplier Diversity programs in the United States and Europe.
Our intent is to develop mutually beneficial business relationships with diverse suppliers by utilizing these companies as primary contracts and subcontractors. We encourage our primary contractors to use diverse subcontractors to further reinforce our commitment to excellence.
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