Supplier Diversity & Inclusion Policy

At Pickhurst Partners, we recognise the value of diversity and inclusion in all aspects of our business operations. As part of our commitment to fostering a diverse and inclusive supply chain, we have established the following Supplier Diversity and Inclusion Policy:

Purpose

The purpose of this policy is to promote diversity and inclusion within our supply chain by actively seeking and engaging with suppliers that reflect the diverse communities we serve. By encouraging the participation of minority-owned, women-owned, veteran-owned, LGBTQ+-owned, and small disadvantaged businesses, we aim to create economic opportunities and contribute to the overall prosperity of underrepresented groups.

Scope

This policy applies to all procurement activities conducted by Pickhurst Partners, including but not limited to purchasing goods, services, and materials from external suppliers.

Commitment to Diversity and Inclusion

We are committed to:

• Promoting equal opportunities for all suppliers, regardless of their size, ownership, or background.
• Actively seeking out and fostering relationships with diverse suppliers through outreach efforts, networking, and partnership opportunities.
• Integrating diversity and inclusion considerations into our supplier selection process, including evaluating supplier diversity performance as part of vendor evaluations.
• Providing resources and support to diverse suppliers to help them develop their capabilities, improve competitiveness, and grow their businesses.
• Holding ourselves and our suppliers accountable for adhering to diversity and inclusion principles and practices
  
  

Supplier Diversity Goals

To measure our progress and hold ourselves accountable, we have established the following supplier diversity goals:

• Expand the number of diverse suppliers in our supply chain.
• Provide training and development opportunities for diverse suppliers to enhance their capacity and competitiveness.
  
  

Implementation

The successful implementation of this policy requires the cooperation and support of all stakeholders within Pickhurst Partners. Key responsibilities include:

• Senior leadership: Providing visible and vocal support for supplier diversity and inclusion initiatives, allocating necessary resources, and setting clear objectives.
• Procurement teams: Actively seeking out diverse suppliers, evaluating supplier diversity performance, and integrating diversity considerations into procurement decisions.
• Human resources: Providing training and support to employees involved in supplier selection and procurement processes to ensure compliance with diversity and inclusion principles.
• Suppliers: Embracing diversity and inclusion principles, participating in outreach and development programs, and adhering to fair and ethical business practices.

Reporting and Evaluation

We will regularly monitor, measure, and report on our progress toward achieving our supplier diversity goals. This includes tracking procurement spend with diverse suppliers, assessing supplier diversity performance, and identifying areas for improvement.

Continuous Improvement

We are committed to continuously improving our supplier diversity and inclusion efforts through ongoing evaluation, feedback, and collaboration with stakeholders. We will regularly review and update this policy to reflect changes in best practices, industry standards, and regulatory requirements.

Conclusion

At Pickhurst Partners, we believe that diversity and inclusion are not only fundamental values but also strategic imperatives that drive innovation, creativity, and long-term success. By embracing diversity in our supply chain, we not only strengthen our business but also contribute to a more equitable and inclusive society.

Date of Adoption: 03/01/2024