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PRESIDENT’S REPORT EFH: Women’s Business Enterprises (WBEs) bring amazing innovation to everything they do. The contributions WBEs may make going forward really have not changed. We need their understanding of our business – the challenges, goals, objectives and needs – just as we always have. Once they are familiar with the work ahead, they will help us be better and achieve our objectives in a way that results in mutual success. Q. With an eye to sustainability – a priority for energy companies – do you have expectations/ requirements for sustainable business practices for your WBE suppliers/potential suppliers? EFH: This is certainly a priority for us and nothing less than we currently expect from all of our suppliers. Excellent suppliers that are socially and environmentally responsible bring added value and a competitive advantage. Our internal clients increasingly require suppliers to demonstrate sustainability credentials. BP: We strive to be a safety leader in our industry, a world-class operator, a responsible corporate citizen and a good employer. We are always working to enhance safety and risk management and grow value. Keeping a relentless focus on safety is a top priority for us. Rigorous management of risk helps to protect the people at the frontline, the places in which we operate and the value we create. We understand that operating in politically complex regions and technically demanding geographies, such as deep water and oil sands, requires particular sensitivity to local environments. We continue to enhance our systems, processes and standards, including how we manage the risks that can be created by the actions of our contractors and the operators of joint ventures in which we participate. BP continues to concentrate on filling the opportunity pipeline with high potential WBEs and aligning them with buyers within the procurement processes where expectations on safe and reliable performance is communicated. Our pipeline of suppliers is filled with WBENC-certified WBEs that work in our many business units and field operations. Q. As most companies in the energy sector have many incumbents in the supply chain, what advice would you give to a WBE trying to gain entry into the energy industry supply chain? BP: Our strategy puts great value on maximizing the inclusion of our WBEs by sharing supplier list with internal stakeholders. In addition, we advise our WBEs to continue Energy literacy that will help them with future choices, keep abreast of safety qualifications, and offer solutions to us that have proven beneficial to other clients in the Energy Industry and understand BP’s business values. As Bob Dudley, Group Chief Executive, BP, says, “I believe a stronger and safer BP can make a vital contribution to growth and progress as the world develops over the coming decades. There is plenty to do, as we work on our priorities of enhancing safety and risk management, earning back trust and creating value. We intend to play a positive role in shaping the long-term future of energy.” EFH: Be open to multi-tier opportunities and be persistent with energy companies in supporting and assisting with multi-tier. While multi-tier should never replace first-tier opportunities and commitments, most energy companies do business with huge companies who manufacture things like generators and turbines, wire and cable, etc. These companies have the basic needs every company has to run their day-to-day business. WBEs can provide all of the services needed. Energy companies need to drive and facilitate the building of these relationships. We should be encouraging these major manufacturers to get involved with WBENC and our Regional Partner Organizations. For more information about BP America Supplier Diversity please visit: For more information about Energy Future Holdings please visit: WWW.WBENC.ORG » OCTOBER EDITION 2013 » 9

WBENC Pres Report Oct 2013

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