Questions & Answers
Freddie Mac
SDAC Supplier Diversity Action Council potential African-Americans and women of every ethnicity to address their specific leadership development needs in a single gender and single identity training environment. This high-impact leadership development program is a multi-year training effort that includes online and instructor-led courses, high visibility, and access to senior leaders of the company. We also offer individual career coaching opportunities and specific leadership development programs externally, such as our Executive Leadership Council pipeline talent program. Freddie Mac also identifies high-potential female employees from all racial and ethnic backgrounds through its Leadership Talent Review Succession Planning Program. This program is an ongoing effort that identifies high-potential employees from 3 tiers: division heads, direct reports, and those that report to direct reports.
SUPPLIER Diversity What is Freddie Mac’s commitment to minority suppliers? Freddie Mac’s Supplier Diversity program is designed to increase awareness of the capabilities, talents, and importance of Minority- and Woman-owned Business Enterprises (M/WBEs). Our M/WBE suppliers are critical to helping
Freddie Mac carry out its important mission to stabilize the housing market and support the nation’s economic recovery. Supplier Diversity is Freddie Mac’s way of assuring that our suppliers reflect the diversity of the American workforce. Our objective is to ensure that M/WBEs receive the opportunity to compete fairly in all of the corporation’s business dealings.Diversity Do you set specific percentage or dollar targets? How do you measure success? We measure how well our Supplier Diversity Program is meeting corporate and business area objectives by looking at the percentage of total spend, the number of diverse suppliers, and the recognition we receive from outside organizations. In 2009, Freddie Mac generated nearly $375 million in contracts with Minorityand Woman-owned Business Enterprises (M/WBEs). This represents a 200% increase over 2008 and was 26% of Freddie Mac’s total procurement spend. Last year, we also launched a Supplier Diversity Action Council (SDAC), comprised of 25 members from across the company that work to better integrate diversity and inclusion into the contracting practices of all business areas. PDJ
Pictured (l-r) are Freddie Mac Supplier Diversity Action Council (SDAC) members who attended the inaugural meeting in August of last year: Jay Inouye, Graham Kidner, Anna Smith, Charlene Wilson, Tim Prime, Jennifer Meyer, Mandy Mason, Julie Sun, Dean Blake, Michael Barr, Cie Riley, Deborah Gladstone, Tamla Bias, Trang Gueron, Eric Sorensen, John Stickeler, Susan Russell, Lauren Englander, Alma Jadallah, Carlos Martinez, and Bunni WheelerYoung. Not Pictured: Donna Brandveen, Donald Campbell, Christina Diaz-Malone, Leigh Guthrie, Devonna Kee, Alain Pakabomba, Gail Price, Boyd Stewart, and Zixta Martinez.
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