ITG Brands Honored for Commitment to Supplier Diversity
ITG Brands is excited to announce that it has received the esteemed Kathiann Lester Award from the Greensboro Chamber of Commerce. This recognition underscores the company’s commitment to supporting underserved communities and fostering job creation in the area.
Supporting Underserved Communities
The Kathiann Lester Award is given to businesses that make a substantial impact on the economic well-being of the local community. With this award, ITG Brands highlights its ongoing efforts to empower minority-owned suppliers by linking them with organizations that require their services. This initiative is part of a larger strategy aimed at strengthening economic resilience and promoting diversity within the community.
Diversity, Equity, and Inclusion at ITG Brands
Kim Reed, the President and CEO of ITG Brands, stressed the importance of fostering an environment where everyone feels appreciated and included. "Building a culture of diversity, equity, and inclusion throughout our operations is essential for our success," she said. This recognition from the Chamber reinforces the company’s dedication to enhancing growth, equality, and business opportunities for minority groups.
Effects of the Accelerate Greensboro Initiative
The Accelerate Greensboro initiative plays a crucial role in connecting minority-owned businesses with larger organizations, thereby improving economic conditions. Since its inception, the program has successfully generated over $11 million in revenue growth for participating minority suppliers, demonstrating the powerful impact of these collaborations.
Community Engagement and Support
Brent Christensen, the President & CEO of the Greensboro Chamber, remarked that ITG Brands’ strong focus on nurturing a culture of diversity aligns seamlessly with the values embodied by Kathiann Lester. The Chamber is dedicated to championing minority entrepreneurship and views ITG Brands as a shining example of excellence in these efforts.
ITG Brands' Digital Transformation for Supplier Diversity
The company’s innovative digital transformation strategy highlights the significance of supplier diversity. Key aspects of this initiative include the establishment of a new headquarters and a commitment to inclusivity in its procurement processes.
Dedication to Diverse Suppliers
ITG Brands has invested nearly $2.5 million in minority-owned construction firms as part of its facilities expansion. Additionally, the company ensured that the majority of services provided during their grand opening were sourced from minority-owned businesses, reflecting their commitment to community engagement and diversity.
About ITG Brands
ITG Brands is a leading entity in the U.S. tobacco industry, recognized for its operational integrity and commitment to innovative market strategies. As a member of the Imperial Brands PLC family, it operates at the forefront of its field, consistently seeking to enhance its contributions to local economies and supplier networks.
Frequently Asked Questions
What is the Kathiann Lester Award?
The Kathiann Lester Award is given by the Greensboro Chamber of Commerce to businesses that make meaningful contributions to the economic development and support of minority communities.
How has ITG Brands contributed to local communities?
ITG Brands actively engages in initiatives that promote supplier diversity, providing minority-owned suppliers with access to opportunities within their organization.
What is the Accelerate Greensboro initiative?
Launched by the Greensboro Chamber of Commerce, the Accelerate Greensboro initiative connects minority-owned suppliers with businesses seeking their services, thereby bolstering economic vitality in the region.
How much has ITG Brands invested in minority businesses?
The company has invested nearly $2.5 million in construction projects through minority-owned businesses as part of its efforts to enhance diversity within its operations.
Where can I learn more about ITG Brands?
For additional information, visit ITG Brands' official website, where you can discover more about their initiatives and corporate values.
