Supplier diversity
Resilient Communities

Supplier diversity

We’re fostering an innovative, diverse and competitive supply chain.

We believe that the primary goal of corporate responsibility is for corporations to understand and assume responsibility for their impact on customers, employees, shareholders, communities and the environment—in every aspect of their operations. Having a robust supplier diversity program is a key measure of our commitment to the growth and development of minority-owned businesses and economic development in underserved communities. Developing mutually beneficial partnerships with certified minority, women, LGBTQ+, veteran and small-business suppliers makes a positive impact on the communities we serve.

2022 highlights

  • 1 Full-time supplier diversity manager hired
  • $147 million spent with diverse suppliers
  • Refined our supplier diversity spend metrics
  • 7 memberships with supplier diversity advocacy organizations

In 2022, we formalized our supplier diversity program by hiring a full-time Supplier Diversity Manager and developing key program objectives to:

  • Expand supplier diversity awareness and education corporatewide.
  • Increase diverse spend and vendors.
  • Track and report diverse spend throughout the organization.
  • Continue to meet with internal business units and our sourcing team to identify opportunities to partner with diverse suppliers and vendors.

We renewed our memberships with national supplier diversity advocacy organizations National Minority Supplier Development Council and the Women’s Business Enterprise National Council and became members of three additional national advocacy organizations: National Veterans Business Development Council, National Gay & Lesbian Chamber of Commerce and Financial Service Roundtable Supplier Diversity. Invesco also joined the Georgia Minority Supplier Development Council and Greater Women’s Business Council. These memberships add value to our organization by expanding our database of qualified diverse suppliers, giving us benchmarking capabilities against industry peers and keeping us apprised of new industry developments within supplier diversity programming.

We are proud of the progress we made in 2022, including our diverse spend exceeding the national average for financial corporations1 and refining our supplier diversity spend metrics, which allows us to accurately report our diverse spend and the number of diverse vendors with whom we do business.

In 2023, we plan to conduct an Economic Assessment Study to quantify the economic benefits of doing business with minority and small businesses—in terms of jobs created, taxes generated and increase in household income.


Crossmedia becomes Invesco’s highest-spend, minority-owned company

In March 2021, Invesco’s procurement organization, in conjunction with marketing, issued a request for proposal for media planning and buying services for North America. After a thorough review process, Invesco selected Crossmedia—a minority-owned agency—due to their demonstrated ability to deliver a superior media strategy and provide a robust media measurement system. In 2022, Invesco's spend with Crossmedia was more than $112 million.

Supplier diversity

Important Information

  • 1

    Based on the Financial Service Roundtable Supplier Diversity 2022 benchmarking survey.