GlobalFoundries is committed to maintaining an equitable and competitive business environment. Our supplier diversity program promotes business opportunities for diverse suppliers in the various communities we serve. By creating sound business relationships, we strengthen economic development and viability for all parties, while providing a value-added strategy creating a competitive advantage and an innovative edge. The supplier diversity program is an important part of our sourcing efforts. This program helps us to: Match qualified diverse suppliers with the needs of our internal business partners Build long-term business relationships with individuals that are reflective of our communities Create business opportunities for diverse suppliers Become more competitive in a diverse marketplace This program helps us to: Match qualified diverse suppliers with the needs of our internal business partners Create business opportunities for diverse suppliers Build long-term business relationships with individuals that are reflective of our communities Become more competitive in a diverse marketplace We are dedicated to fair and open competition in sourcing. The following categories are recognized as part of the supplier diversity program. Disabled-owned businesses enterprise (DOBE) Historically Underutilized Business (HUB) Zone business Minority-owned business enterprise (MBE) Service-disabled veteran-owned business enterprise (DVBE) Veteran-owned business enterprise (VBE) Women-owned business enterprise (WBE) Disadvantaged owned business enterprise (DBE) Lesbian-Gay-Bisexual-Transgender owned business enterprise (LGBTQE) Our Supplier Diversity / Small Business Program Consists of: Executive sponsorship The supplier diversity program is sponsored by the Head of Procurement and resides within the Global Supply Chain (GSC) organization. Outreach & strategic collaboration We seek out diverse suppliers through active involvement with minority development organizations. We focus on providing business opportunities for diverse suppliers in sourcing events. We drive awareness of the importance of diverse supplier management within GlobalFoundries’ supply chain. Tracking & continuous improvement We verify that businesses meet the criteria of ownership through valid certification to qualify as diverse suppliers recognized by the GlobalFoundries’ supplier diversity program. We monitor and report our progress quarterly towards achieving our program targets.
