Supplier Diversity
Supplier Diversity is a strategic business practice for Genworth. Implementation of the process enhances the firm's competitive advantage by expanding access to the widest selection of qualified diverse suppliers and bolstering competition in the supplier selection process. Qualified diverse-owned businesses, which have provided appropriate support of their certified MWBE status and meet the specified minimal qualifications, are included in Genworth’s competitive bidding process. To further drive Genworth’s commitment to diverse suppliers, Genworth is an active participant of the Financial Services Roundtable.
Diverse Supplier Definition
Suppliers certified by nationally recognized organizations or self-certified to be a service disabled veteran, woman or minority owned business and the business must be at least 51 percent owned, operated, and controlled by a minority, woman, or a service disabled veteran.
