Albemarle’s Supplier Diversity Program is a global initiative, which reflects our desire to support and participate in spending with a diverse business population everywhere Albemarle does business. Albemarle also recognizes the benefits of using a diverse, local supply base when appropriate.
The three main elements of Albemarle’s diversity spend strategy are as follows:
- Actively seeking out and maintaining a diverse supplier base
- Building local supplier capability
- Promoting local enterprise through localization of the supply chain
Albemarle’s Supplier Diversity Program is based on our commitment to a sustainable business model, a key element to the operating model. We believe in the principle of mutual advantage and building productive relationships with each other, our business partners, and our customers. Globally, this manifests itself in our desire to support spending with local and diverse businesses when possible.