We recognize economically-empowered, diverse business communities contribute to the overall sustainability and expansion of our markets. We support and engage with various diverse supplier organizations:
We expect our suppliers to share our values around diversity and inclusion and to further opportunities to diverse and small businesses within their own procurement processes. Mastercard suppliers who subcontract work to qualified diverse business enterprises (direct Tier 2) or use such enterprises to provide goods and services contributing to their business (indirect Tier 2), will be viewed as a Tier 2 Prime Supplier, supporting and adding value to the Mastercard Supplier Diversity Program.
The stature of our Global Diversity and Inclusion Council (GDIC) reflects the value we place on diversity. The Supplier Diversity Program at Mastercard is just one element of our broader strategy to address diversity, which we define as a concept that extends beyond gender, ethnicity and age to include different thoughts, skills, experiences and backgrounds. As such, we believe diversity represents the root of the insight needed to develop innovative solutions to our customer's evolving payment needs.
Overseeing the execution of this strategy is the task of our Global Diversity and Inclusion Council (GDIC). Chaired by our Chief Executive Officer, this body acts as essentially a board of directors that provides direction to our Global Diversity Office to ensure the principles of diversity are embedded throughout the organization.
The GDIC's members are drawn from all of the company's business regions: Asia/Pacific; Europe; Latin America/Caribbean; North America; and Middle East and Africa.
They regularly evaluate different programs, partnerships and other proposals that are presented as potential means of enhancing shareholder value.
Our wide variety of purchasing opportunities includes businesses and consulting services, marketing, software and more.
Mastercard looks to several highly respected certifying organizations to assure that we work only with qualified suppliers.
We are open to partnering with any potential supplier, regardless of size. However, to be considered a diverse supplier, a company must meet the following basic qualifications:
For a company to be considered a small business supplier to Mastercard, it must likewise meet certain qualifications. They are as follows: