Goldman Sachs releases over $2.1bn to drive black female empowerment


Goldman Sachs has deployed more than $2.1bn in its One Million Black Women project to support the financial and social empowerment of black women.

According to ESG News, the program has deployed more than the $2.1bn and over $23m in philanthropic capital to 137 organisations, companies and projects across the country.

The initative is guided by an advisory council of Black leaders from across the US in partnership with Black women-led organisations. The program has positively impacted over 215,000 individuals across healthcare, job creation and workforce development, digital connectivity, education, affordable housing, financial health and access to capital.

Over the last two years, Goldman Sachs has heard directly from over 20,000 Black women across the country through more than 60 listening sessions.

Their voices and insights have been critical in refining Goldman Sachs’ investment strategy to meet the unique challenges women and girls face across the aforementioned seven key pillars.

Goldman Sachs CEO and chairman David Solomon said, “The past two years have confirmed a key insight of our research: By investing in businesses that help Black women advance, we can build a stronger economy for everyone. Our firm has a long history of supporting economic empowerment, and we’re proud that One Million Black Women is already making a difference.”

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