As Wall Street pulls away from DEI, Goldman Sachs backs Black women: ‘Our commitment is strong’

The firm, expanding its philanthropic program, zeroed in on data showing the economic case for investing in them

At a time when conservative legal activists are targeting diversity measures in corporate America, Goldman Sachs has announced it is expanding a component of one of its philanthropic equity programs.

The One Million Black Women initiative, a program the company started in 2021, aims to dedicate $10bn in investment and $100m in philanthropic spending to address racial and gender inequality over the course of 10 years.