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For many years, supplier diversity was thought of a social program that was about doing the right thing. Now with consumers knowing more than ever about the brands that they buy, they are demanding that corporations demonstrate that they embrace diversity. Supplier diversity has become an important business strategy that provides an avenue for:
Capital One is committed to making supplier diversity an integral part of the way we do business---creating mutually beneficial relationships with certified diverse owned businesses. We seek to identify and encourage diverse businesses to compete for our commodities and services throughout the Capital One enterprise. The goal of our program is to include qualified diverse enterprises in every sourcing opportunity. In addition, on projects that are awarded to non-diversity suppliers, we expect these suppliers to demonstrate their commitment to a diverse supply base by including diversity business partners when opportunities exist. We have a team of associates dedicated to establishing relationships with diverse suppliers in the communities where we operate.
Capital One utilizes several approaches to identify certified diverse suppliers that can complete for our opportunities. We leverage organizations that seek to advocate for and to connect diverse suppliers. As corporate members, we have access to databases that supplement our face-to-face interaction at various events.
A certified diverse supplier demonstrates to an independent organization (non-profit, government), that their business is at least 51% independently owned and operated. In the case of a publically owned business, at least 51% of the stock must be owned by one or more diverse owners. Eligibility for certification is typically established through a combination of screenings, interviews, and site visits.
We promote diversity growth in Capital One's supplier base through the following process:
No. There is no fee associated with registering in our database.
CVM Solutions provides a robust and thorough registration process that will allow us to identify and engage with potential diverse suppliers in a more efficient way.
If you are already registered, your profile has been received, and if there's any opportunity for your product or service, you will be contacted. Please note that you can and should keep your company's profile updated with current information at all times.
Send an e-mail to email@example.com asking for your company's registration status.
No. Registration provides us with your company's vital information so that we can match your company to potential opportunities. You will be contacted should an opportunity become available which matches your company's product or service offering.
If your company has not been contacted for a potential procurement opportunity, either the opportunity has not yet occurred, we do not have a need for the product/service your company provides, or a match between your company's product/service and our procurement needs has not been identified.
Capital One believes that suppliers who are diverse or suppliers who subcontract work to diverse suppliers are a great asset to Capital One. Capital One's Second Tier Suppliers are subcontractors and/or suppliers used by a Capital One preferred supplier to provide products and/or services under their Capital One contract.