Leaders across Corporate America came together at the 2021 Ayco InnerCircle® conference to share experiences and views on the evolving role employers play in their employees’ lives and society. Goldman Sachs leaders David M. Solomon, Nicole Pullen Ross and Stephanie Cohen discussed the firm’s One Million Black Women investment initiative, diversity and inclusion. The initiative will commit $10 billion in direct investment capital and $100 million in philanthropic capital over the next decade. Click the link below to watch their discussion.
Highlights
- The pandemic and the murder of George Floyd have expanded and deepened the discussion of inclusion and diversity at Goldman Sachs.
- Turning talk into action, Goldman Sachs announced in March 2021 a new, long-term investment initiative called One Million Black Women, which will commit $10 billion in direct investment capital and $100 million in philanthropic capital over the next decade.
- Black women face a wealth gap of 90% compared to white men, and the firm’s research has shown they are well positioned to effect change in their communities and the economy at large.
- Goldman Sachs is partnering with organizations led by Black women and making investments in purpose-driven businesses in order to make a big impact, while also providing returns.
- One Million Black Women is also an investment in the firm’s ability to recruit and retain the workforce of the future, as well as a reflection of the firm’s and its employees’ values.
United Capital Financial Advisers, LLC d/b/a Goldman Sachs Personal Financial Management (“GS PFM”) is a registered investment adviser and an affiliate of Goldman Sachs & Co. LLC and subsidiary of The Goldman Sachs Group, Inc., a worldwide, full-service investment banking, broker-dealer, asset management, and financial services organization.
The information contained herein is intended for informational purposes only, is not a recommendation to buy or sell any securities, and should not be considered investment advice. GS PFM does not provide legal, tax, or accounting advice. Clients should obtain their own independent legal, tax, or accounting advice based on their particular circumstances. Please contact your financial adviser with questions about your specific needs and circumstances.
Information and opinions expressed by individuals other than GS PFM employees do not necessarily reflect the view of GS PFM. Information and opinions expressed in this article are as of the date of this material only and subject to change without notice.
