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TransCanada 2014 CSR Report — Society: Landowners engaging in conversation at a table with a TransCanada representative TransCanada 2014 CSR Report — Society: Landowners engaging in conversation at a table with a TransCanada representative

2014 CSR | Society

Socio-Economics Supplier Diversity and Local Participation Program

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In 2014, TransCanada commenced development of a Supplier Diversity and Local Participation program. This program will provide an integrated approach for planning, executing, measuring and reporting supplier diversity and local spending in the communities where we do business.

It includes an overarching framework, business policy, processes and tools to enhance supplier diversity, local participation and capacity development opportunities. The desired outcome is to provide required services to execute TransCanada’s business while realizing greater economic benefits for the local communities in association with our projects, and to improve the visibility of TransCanada where we build and operate.

The Supplier Diversity and Local Participation program is guided by the following principles:

  • Encourage the identification, qualification, employment and contracting of local and diverse suppliers and individuals across TransCanada’s supplier lifecycle management process
  • Develop and execute procurement policies, processes, systems and tools that enable greater participation by qualified and competitive local and diverse suppliers and individuals
  • Identify and communicate, where possible, viable contracting and procurement opportunities for which qualified local and diverse suppliers and individuals can compete
  • Support targeted community investments that contribute to the development of local and diverse suppliers and individuals
  • Design, implement and support education and training programs that help develop the skills, knowledge and capacity of local and diverse suppliers and individuals
  • Track company performance, wherever possible, with regards to supplier diversity and local participation, and regularly report the results internally and externally

SOCIO-ECONOMICS / Supplier Diversity and Local Participation Program