By Michael Dabaie

 

Home Depot Inc. said it aims to spend $5 billion with Tier I diverse suppliers by 2025.

The retailer said in its 2022 environmental, social, and governance report that it spent $3.3 billion with Tier I diverse suppliers in 2021.

The company said for 2021, its U.S. associate base was more ethnically diverse than the U.S. working population. The company said about 36% of its new hires were women, and more than 57% were ethnically diverse in 2021.

Home Depot said it completed its goal to launch a Tier II supplier diversity program to encourage its suppliers to spend more with diverse businesses.

The company also said it increased the representation of female and underrepresented minority groups across its managers and above population in the U.S.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 

(END) Dow Jones Newswires

July 28, 2022 09:05 ET (13:05 GMT)

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