Diversity & Inclusion Our Community 41 2021 ESG REPORT Supplier Diversity In 2021, we continued to provide access to embed and activate supplier diversity best practices across both the merchandising and non-merchandising supply chain to support our pledge to triple our spending among diverse suppliers by 2025. We leveraged the Supplier Diversity Council, made up of leaders from across the business, and the resources and networks of six external national business groups to connect and build relationships with certified diverse suppliers. As the program continues to evolve, Kohl’s focused on four key initiatives: Economic Impact: In 2021, we saw growth in both diverse supplier count and spend. Kohl’s increased spend with diverse suppliers over 65% in 2021. We expanded our external partnerships by joining various retail industry groups, participating in expert panel discussions, serving on subcommittees, and financially sponsoring several supplier outreach and matchmaking events. Tier 2: Beyond our primary supplier’s influence in Tier 1, in 2021 we implemented the first phase of our Tier 2 program. In our Tier 2 program, we invite our primary suppliers to report their spend with diverse suppliers who directly support Kohl’s goods and services. We highly encourage our business partners to implement policies and procedures to drive growth in their supplier diversity program. Our Tier 2 program will expand in 2022 and beyond. Certification: We work to build a best-in-class program by promoting diverse certification status through our partnerships with the diverse external organizations. Additionally, we provide diverse suppliers with procedural and financial certification support. Mentorship: Led by our sourcing managers and in partnership with the Supplier Diversity Council and BRGs, Kohl’s established a formalized mentor program with the intention to expand capacity building for diverse suppliers. Through the Kohl’s Supplier Diversity Mentor program, mentees have the opportunity to meet with key decision-makers and industry experts to assist with overall business development. By participating in the program, Kohl’s will support the mentee to reach their goals in all facets of business development. This will further prepare them when working with Kohl’s and other Fortune 500 companies. Supplier Diversity Team Diversity in Commerce Diverse Supplier Database 2021 ESG REPORT
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