Stellantis Named a Top Corporation for Women's Business Enterprises

Rhea-AI Summary

On March 23, 2023, Stellantis (NYSE: STLA) announced it has been recognized as a top corporation for Women's Business Enterprises (WBEs) for the ninth consecutive year by the Women's Business Enterprise National Council (WBENC). This award highlights Stellantis' commitment to enhancing supplier diversity and empowering women-owned businesses. The company supports initiatives like the MentorWE program, aimed at preparing women-owned suppliers for future contracting opportunities. Stellantis also reported an increase in women in leadership roles, reaching 27% in 2022, and aims for 30% by 2025, as part of its Dare Forward 2030 strategic plan.

Positive

• Received WBENC's award for top corporations supporting women's business enterprises for the ninth year.
• Expanded initiatives like the MentorWE program to empower women-owned suppliers.
• Increased female leadership representation to 27% in 2022, with a goal of 30% by 2025.

Negative

• None.

AUBURN HILLS, Mich., March 23, 2023 /PRNewswire/ --

• National award recognizes world-class supplier diversity programs
• Honor reflects Stellantis' commitment to supporting women
• Ninth year in a row company has received prestigious award

Stellantis is proud to once again be a recipient of the prestigious Women's Business Enterprise National Council (WBENC) America's Top Corporations for Women's Business Enterprises (WBEs) award. This is the ninth year in a row the company has received this honor, the only national award recognizing corporations for world-class supplier diversity programs that reduce barriers and drive growth and opportunities for women-owned businesses.

Stellantis is one of 66 corporations being honored this year for demonstrating a continuous and growing commitment to creating business opportunities for women-owned businesses within their supply chains, successfully implementing diversity and inclusion programs that enable growth and innovation for women's business enterprises.

"Stellantis is honored to receive this award, as it recognizes the great strides we've made as a global leader in empowering women," said Bruno Olvera, Stellantis head of supplier diversity development. "Supporting women in all aspects of our business is critical. It's important to show that we care as a company, and that we're there to support them, invest in their careers and businesses, invest in their well-being and advocate for them."

Stellantis was recognized among the automotive, transportation and logistics industry leaders for investing in "WBEs by going deep into their supply chains to mentor suppliers," according to the WBENC. The award-winning corporations were honored during the 2023 WBENC National Conference, held from March 20-23 in Nashville, Tennessee.

The award signifies Stellantis' continuing efforts to support women. Stellantis recognized the start of Women's History Month in March by celebrating the company's new MentorWE development program. Developed in partnership with the Great Lakes Women's Business Council, the program is designed to prepare women-owned suppliers for future contracting and procurement opportunities while further expanding Stellantis' support of initiatives to empower diverse suppliers.

Stellantis has adopted the United Nations Women's Empowerment Principles, signifying a global commitment to gender equality. In 2022, the company increased the number of women in leadership positions to 27% from 24%. This supports Stellantis' progress toward achieving 30% of leadership positions held by women by 2025 and more than 35% by 2030, as outlined in the Dare Forward 2030 strategic plan.

Learn more about WBENC America's Top Corporations for WBEs at www.wbenc.org/about-wbenc/awards/top-corporations-for-womens-business-enterprises/ 

WBENC
WBENC is the largest third-party certifier of businesses owned, controlled, and operated by women in the United States. WBENC partners with 14 Regional Partner Organizations (RPOs) to provide its world-class standard of certification to women-owned businesses throughout the country. WBENC is also the nation's leading advocate of women-owned businesses and entrepreneurs, supported by more than 540 Corporate Members. Throughout the year, WBENC provides professional development, business development, and outreach opportunities for more than 18,000 WBENC-Certified women-owned businesses, Corporate and Government Members, and the national WBENC network. Learn more at www.wbenc.org. 

Stellantis North America
Stellantis (NYSE: STLA) is one of the world's leading automakers and a mobility provider. In North America, it's best known for producing and selling vehicles in a portfolio of iconic and award-winning brands such as Jeep®, Chrysler, Dodge, Ram, Alfa Romeo and Fiat. Powered by its diversity, Stellantis leads the way the region and the world move – aspiring to become the greatest sustainable mobility tech company, not the biggest, while creating added value for all stakeholders as well as the communities in which it operates. For more information, visit www.stellantis.com. 

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SOURCE Stellantis

FAQ

What award did Stellantis receive on March 23, 2023?

Stellantis was recognized as a top corporation for Women's Business Enterprises by the WBENC.

How many years has Stellantis won the WBENC award?

Stellantis has received the WBENC award for nine consecutive years.

What is the MentorWE program launched by Stellantis?

The MentorWE program is designed to prepare women-owned suppliers for future contracting opportunities.

What is Stellantis' goal for women in leadership positions by 2025?

Stellantis aims for 30% of leadership positions to be held by women by 2025.