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Supplier Diversity Metrics

The key performance metrics in the table below represent a quantification of our supplier diversity performance and show our progress over the past five years. We track our performance in these areas and communicate results internally to TVA business units and executive leadership and externally to the communities we serve.

Key Performance Indicators
* FY 2020
* FY 2021
* FY 2022
* FY 2023
* FY 2024
Total Small Business Spend(%)
32.3%25.2%30.3%28.2% 25.4%
Total Small Business Spend($)
$844 Million$856 Million
$1.1 Billion$1.2 Billion$1.4 Billion
Total Diverse Business Spend(%)**
14.2%10.8%13.9%12.4%10.8%
Total Diverse Business Spend($)**
$389 Million$365 Million
$518 Million$522 Million$562 Million
Total Valley Business Spend(%)***
65.2%52.8%55.3%57.2%56%
Total Valley Business Spend($)***
$1.8
Billion		$1.8
Billion		$2
Billion		$2.4
Billion		$2.9
Billion

*Includes spend related to direct contracting and subcontracting (Tier 1 & Tier 2). Percentages are of TVA Supply Chain's total annual purchasing spend with suppliers.

**Total Diverse Business (%) and ($) includes spend with minority-owned, woman-owned, small disadvantaged-owned, veteran-owned, service-disabled veteran-owned and HUB zone businesses

***TVA considers a company to have a Valley business presence if at least one of the following criteria is met:

1. The company provides products, labor and/or services through an operational business unit located in the Tennessee Valley region.

2. The company is headquartered outside the Valley but provides at least 60% of their TVA contract work requirements through the employment of personnel residing in the Valley.