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Nancy Swartout is the Global Sustainable Procurement Manager for ExxonMobil and she is one of seven industry leaders sharing advice in Gastech Insight’s Diversity & Inclusion in Energy eBook. Diversity and inclusion are not just buzzwords in the evolving energy sector; they are imperative for its sustainable future.
Advice from Nancy Swartout
Whenever you find yourself in a position to influence which vendors to work with, I would always encourage you to actively seek out small, diverse or local suppliers as a source for value. Engaging historically disadvantaged or local suppliers brings with it the benefits of reliability and the building of support in local communities for your company’s activities. This type of economic engagement helps build relationships and supports economic development for the long term.
Diversity is a cornerstone of our competitiveness, and for decades, ExxonMobil has worked to recruit and enhance diversity throughout our global value chain, and in doing so, helps us create efficiencies, strengthen global operations, and innovate to meet the evolving needs of our customers.
In countries where oil and gas development is new, we work with host governments and communities to identify opportunities for local suppliers. And, we go one step further by ensuring opportunities for women in our workforce as well as in our supply chain.
In the U.S. we work with the National Minority Supplier Development Council, the National Gay Lesbian Chamber of Commerce, the National Veteran Owned Business Association and the Women’s Business Enterprise National Council and outside the U.S. we work with WEConnect International to partner with best-in-class women-owned businesses around the world.
Supporting diverse and small businesses makes good business sense as they inevitably benefit communities where we live and work. Research shows us that diverse businesses hire a more diverse workforce and women invest in education and health care, which helps drive critical economic growth and development. This multiplier effect of prosperity has real implications for the future of our workforce, global operations, and growth strategy. This is one case where everyone wins.
More from Diversity & Inclusion in Energy
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