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What is Supplier Diversity?

Content :

Social responsibilityWhat is Supplier Diversity?

Supplier diversity is an integrated business practice to proactively procure products and services from diverse and small businesses that mirror the diversity of the various communities where Sanofi operates. It is reflective of our workforce, patients, customers and supplier base.

Hover over each business category title to learn more information.

SB

Small Business

A business concern eligible for assistance from SBA as a small business is one that is organized for profit, with a place of business located in the United States. It must operate primarily within the United States or make a significant contribution to the U.S. economy through payment of taxes or use of American products, materials or labor. Together with its affiliates, it must meet the numerical size standards as defined in the Small Business Size Regulations. The business must also qualify as small as defined by SBA size standards for the company’s primary NAICS.

SDB

Small Disadvantaged Business

A small business that is at least 51% owned and controlled by socially and economically disadvantaged individuals who are U.S. citizens. (Effective 2008, the SBA ceased its SDB certification program and now allows a business to self-represent its SDB status in good faith.)

WOSB

Woman-Owned Small Business

A business that is at least 51% owned and controlled by one or more women, and primarily managed by one or more women. The women must be U.S. citizens. The firm must be “small” in its primary industry in accordance with SBA’s size standards for that industry.

VOSB

Veteran-Owned Small Business

A business that is at least 51 percent owned by one or more veterans, who control and operate the business. Control in this context means exercising the power to make policy decisions and operate means to be actively involved in the day-to-day management of the business. The term "veteran" means a person who served in the active military, naval, or air service, and who was discharged or released there from under conditions other than dishonorable.

SDVOSB

Service-Disabled Veteran-Owned Small Business

A business that is a least 51 percent owned by a veteran (see VBE) with a disability that is service connected. The term "service connected" means that such disability was incurred or aggravated in the line of duty in the active military, naval or air service.

HUBZone

Historically Under-Utilized Business Zone

A small business certified by the SBA as having its principle office in a certified historically under-utilized business zone, and at least 51% owned and controlled by U.S. citizens, or a Community Development Corporation, or an agricultural cooperative or an Indian tribe. Additionally, at least 35% of the business’s employees must reside in a HUBZone.

Disabled

Disabled Person-Owned Business

A disabled-owned business is a business that is at least 51 percent owned, controlled and operated by an individual or individuals who are disabled.

MBE

Minority Business Enterprise

A business that is a for-profit enterprise, regardless of size, physically located in the United States or its trust territories, which is owned, operated, managed, and controlled by minority group members. "Minority group members" are United States citizens who are Asian, Black, Hispanic and Native American. Ownership by minority individuals means the business is at least 51% owned by such individuals or, in the case of a publicly-owned business, at least 51% of the stock is owned by one or more such individuals.

WBE

Women Business Enterprise

A business that is a for-profit enterprise, regardless of size, physically located in the United States or its trust territories, which is owned, operated, managed, and controlled by one or more women who are United States citizens. Ownership means the business is at least 51% owned by one or more women or, in the case of a publicly-owned business, at least 51% of the stock is owned by one or more women.

LGBTBE

Lesbian, Gay, Bi-sexual, and Transgender Business Enterprise

A business that is at least 51 percent owned, operated, managed, and controlled by one or more individuals who are gay, lesbian, bisexual, or transgender, and who are either U.S citizens or lawful permanent residents.

US.COR.17.02.011

Last update: March 22, 2017