March 10 (Reuters) – Goldman Sachs Group Inc on Wednesday introduced it might make investments $ 10 billion in an initiative to help black ladies over the subsequent 10 years, specializing in areas comparable to well being, artistic jobs and training.
The financial institution’s “One Million Black Girls” initiative is a part of its dedication to impression the lives of a minimum of a million black ladies by 2030, the corporate stated.
Within the context of protests in opposition to the demise of African American George Floyd final 12 months, main corporations have pledged to extend variety, donate to civil rights teams and alter their insurance policies.
Goldman may even put aside an extra $ 100 million over the subsequent decade for philanthropic initiatives targeted on African American ladies. (https://bit.ly/3qCQD9M)
Narrowing the revenue hole for black ladies might doubtlessly create between 1.2 million and 1.7 million jobs in the US, the corporate stated, citing analysis.
Goldman created a $ 10 million fund final 12 months to advertise racial fairness, then stated it has invested round $ 200 million over the last decade in organizations devoted to serving communities of colour. (https://bit.ly/3ereV4m)
Rosalind Brewer, CEO of drugstore chain Walgreens Boots Alliance, and Lisa Jackson, vp of setting, coverage and social initiatives at Apple Inc, will sit on the advisory board for the brand new undertaking.
The board may even embrace Marc Morial, CEO of the Nationwide City League civil rights group, and a former mayor of New Orleans. (Reporting by Niket Nishant in Bengaluru; Modifying by Krishna Chandra Eluri and Devika Syamnath)