share diverse supplier lists ,” Connell says . " Through practices like this , we help each other succeed .”
Improving spend with diverse suppliers supports a wider ESG agenda at JPMorgan Chase & Co . “ There is an expectation now that companies that we do business with also share our values .
We believe that procurement spend can be leveraged for social good , whether that ’ s racial equity , environmental sustainability or good governance . It is not a box-checking exercise ,” Connell says , “ but a vital pillar for the future of the bank and its stakeholders . We view supplier diversity not only as a moral imperative , but as smart business ,” he explains . “ We compete with other banks for clients , customers , and talent . And so we know that a bank that is firmly rooted in these communities is going to have a positive long-term impact .” sustainabilitymag . com 203