Specific. Measurable. Achievable.
We’re always looking for opportunities to build on our continuous commitment to economic inclusion which is why we’ve announced this new $4 billion pledge. This goal is specific, measurable, and achievable.
The new pledge builds on important strides and commitments we’ve already made in economic inclusion – and focuses our efforts on how we can make a lasting impact in our industry in diversity and inclusion. In 2021, Gilbane set a 20% M/WBE and small business participation goal across all of its projects and finished the year with 18% participation, representing $812 million in awards. As a company, Gilbane believes it’s critical that we seek to improve our participation goal year-over-year by setting targets, analyzing data and metrics, and deploying strategies to enhance participation.
Economic Inclusion Multi-Pronged Approach
The $4 billion economic inclusion commitment – specifically focused on awards to minority, women, disadvantaged, and veteran businesses is part of Gilbane’s ESG. In our upcoming ESG report, we outline our economic inclusion strategy, which includes a multi-pronged approach:
- Setting clear targets to drive momentum
- Enhanced tracking and measurement of performance
- Sharing best practices to leverage “one company” approach to economic inclusion
- Developing regionally-specific economic inclusion plans
- Outreach and recruitment to expand supplier pool
- Mentorship and training through Gilbane’s Rising Contractor program
By providing a goal to strive for and measure against, we believe we can be even more impactful in our companywide approach to economic inclusion. We will be pulling together resources and tools to support efforts across our local business units and regions to provide advocacy, guidance and support. We look forward to sharing insights and learnings on this pledge as we seek to make deliberate impact in our industry in diversity, equity, and inclusion.
