Goldman intends to expand its One Million Black Initiative as anti-DEI legislation grows.
Despite anti-DEI efforts spreading throughout Wall Street, Goldman Sachs is taking the opposite approach. The company remains firm in the expansion of its One Million Black Women initiative.
Since its establishment, the company has allocated over $2.3 billion toward investments through the initiative, with $33 million in funding spent. According to the global head of corporate engagement, Asahi Pompey, the work has just begun.
“And we are very focused on achieving the objectives of our program,” she said. “Of course, we do that in operation and in compliance with laws, but our commitment to One Million Black Women is strong.”
Goldman emphasized the additional benefits of supporting Black women and their career ambitions. Pompey noted the demographic’s impact in bettering the economy as well.
While Goldman intends to keep its commitment, other corporations are shying away from diversity initiatives. Legal troubles surrounding the explicit upliftment of Black women entrepreneurs through the Fearless Fund have fueled hesitation toward DEI efforts. As court filings threaten the rollout of the grant program, Goldman’s mission remains as crucial as ever.
Despite concerns within their industry, Goldman Sachs aims to spread awareness of the positive outcomes of its diversity-focused organization.
Source: Black Enterprise
