How much did spending with diverse suppliers increase?

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Diverse Supplier Spending Saw Significant Growth

In 2022, Cushman & Wakefield experienced a substantial increase in its spending with diverse suppliers in North America, reporting a 38% rise compared to the previous year. This growth reflects the firm's commitment to fostering a more inclusive supply chain.
Increased Investment in Diverse Businesses

The firm's financial commitment to diverse suppliers in North America reached $802.4 million in 2022. This significant investment was distributed among more than 3,600 distinct businesses, underscoring a broad engagement with a varied supplier base.
Diverse Supplier Definition

For the purposes of this reporting, a diverse supplier is defined as a business that is at least 51% owned and operated by individuals or groups historically considered underrepresented or underserved. This criterion ensures that the firm's spending directly supports businesses owned by minority groups.
Strategic Focus on Inclusion

The increase in spending with diverse suppliers is part of Cushman & Wakefield's broader Environmental, Social, and Governance (ESG) strategy. The company prioritizes responsible corporate citizenship and aims to create an inclusive workplace and supply chain. This initiative aligns with the firm's overall goal of driving purposeful change within the commercial real estate sector.

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How much did spending with diverse suppliers increase?

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