PNC is committed to strengthening local communities and businesses in each of the regions we serve. It is our policy to provide women, minority, veteran, and disadvantaged-owned businesses with opportunities to sell value-added products and services (directly and indirectly) to PNC.
Our directory of potential firms includes more than 1,700 minority-owned, women-owned, veteran-owned and disadvantaged business enterprises that supply products and services to the corporation.
All PNC employees with purchasing authority are encouraged to consider minority-owned, women-owned, veteran-owned and disadvantaged business enterprises (MWDBE's) as suppliers and encourage our prime suppliers to do the same.
We expect our suppliers to promote our common goal of inclusion by their own status as a certified MWDBE firm or by direct and joint business relationships with diverse suppliers.
The viability and growth of local businesses are linked to successful use and development of MWDBE suppliers. Our procurement practices are designed to identify experienced people committed to delivering the service, quality and value that define our brand.
Enhance the strategic sourcing process that is linked to organizational business goals while leveraging value-added relationships with minority, women, and disadvantage-owned business enterprises (MWDBE's)
Execute an industry leading Supplier Diversity and Development program using a "best-in-class" supplier diversity strategy.
How We'll Get There
Products and Services that PNC may need include:
To maximize opportunities to engage MWDBE firms as suppliers of products and services. PNC encourages its primary suppliers to use MWDBE firms as subcontractors, as well. This is called "Tier II Diversity Spending."
Tier II diversity spending supplements and enhances the corporation's existing Tier I efforts to source with MWDBE suppliers and enforces our commitment to Supplier Diversity & Development through the engagement of our future and existing suppliers.
You will be asked to provide two types of Tier II spending data to PNC, direct and/or indirect.
Suppliers can electronically submit Tier II reporting data through our automated portal.
Report Content and Timing
The deadline for submission of quarterly Tier II spend information is forty five (45) days past the close of the reporting quarter.
The process to become a certified MWDBE firm encompasses a series of steps performed by a third-party organization to validate the MWDBE classification of a supplier. Certification does not address supplier evaluations or due diligence activities (credit analysis/capacity monitoring/background screening) associated with supplier selection. Certification encompasses documentation reviews and site visits to examine:
All MWDBE's firms utilized by PNC as prime suppliers or as the subcontractor of a prime supplier must be certified. Diverse suppliers must provide proof of certification status from an established certifying entity. We accept certification from the following entities:
National Minority Supplier Development Council (NMSDC) or its affiliates for MBEs
National Women's Business Owners Corporation (NWBOC) or its affiliates for WBEs
Certifications by other local, state, regional or federal purchasing agencies may also be accepted.
Note: PNC does not provide certification services but we will be happy to provide you with referral sources and contact information on how to initiate the process.