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Our Policies
General Policies

Supplier Diversity Policy

451 believes that small and diverse businesses drive our economy on both the national and local levels.

January 12, 2021

Welcome

If you have any questions about our 451’s policies, please contact your manager or contact Fernando Sassone at [email protected] or call (786) 780-1592.

About this Document

451 believes that small and diverse businesses drive our economy on both the national and local levels.

Promoting an environment for these businesses to thrive is important to 451 Group, and we are taking steps to accomplish this by fostering an inclusive procurement process that provides the maximum opportunity for small and diverse businesses to participate as partners and suppliers of goods and services.

An additional benefit of ensuring that these suppliers are included in the procurement process is increased competition, which leads to lower costs and increased levels of innovation, service and product quality. By utilizing and partnering with small and diverse companies, 451 will continue to build a supplier base that contributes to our competitive advantage.

Our engagement

In addition to small businesses, 451 is interested in engaging with businesses that fall into one or more of the following diversity categories:

  • Minority-owned Business Enterprises (MBE)
  • Woman-owned Business Enterprises (WBE)
  • Lesbian, Gay, Bisexual, Transgender -owned Business Enterprises (LGBTBE)
  • Disability-owned Business Enterprises
  • Small Disadvantaged Businesses (SDB)
  • Historically Underutilized Businesses (HUB Zone)
  • Veteran-owned Businesses (VBE)
  • Service-disabled Veteran-owned Businesses (SDVBE)

These businesses must be at least 51% owned, operated and controlled by persons who fit into one of these categories. MBE, WBE, LGBTBE and SDVOB businesses must be certified as such by an independent certification agency.

Owners of businesses that fall into the other categories must be willing to sign a self-classification affidavit.

Supplier Diversity efforts

In an effort to diversify our portfolio 451 strives to implement the following efforts when considering partners:

  • Identifying services / products that are well represented by small and diverse businesses and proactively reach out to qualified vendors when sourcing opportunities are available
  • Actively supporting and participate with the advocacy agencies that support the growth, development, and certification of diverse companies, including:
    • Women’s Business Enterprise National Council (WBENC)
    • National Minority Supplier Development Council (NMSDC)
    • National Gay and Lesbian Chamber of Commerce (NGLCC)
    • US Business Leadership Network (USBLN)
    • National Veteran Business Development Council (NVBDC)

Contacts

Small and diverse businesses interested in doing business with 451 should contact our procurement team at www.451.com or at +1 305.663.0451.