One Million Black Women Initiative at Goldman Sacks
The Goldman Sachs Group has announced an initial foundational grant, capital investments and philanthropic grants for the One Million Black Women initiative, which has committed more than $10 billion to advance racial equity and economic opportunity by investing in Black women.
The One Million Black Women Initiative
The Goldman Sachs Group, Inc. is a leading global financial institution which works across investment banking, securities, investment management and consumer banking to a client base including corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York.
In partnership with Black-women-led organizations, financial institutions and other partners, Goldman Sachs has committed $10 billion in direct investment capital and $100 million in philanthropic capital over the next decade to address the dual disproportionate gender and racial biases that Black women have faced for generations, which have only been exacerbated by the pandemic.
The initiative, One Million Black Women, is named for and guided by the goal of impacting the lives of at least one million Black women by 2030.
The possibilities are infinite
The One Million Black Women Advisory Council consists of 17 Black business and community leaders, who will provide strategic guidance on the impact of the investments and grants.
“In addition to access to capital, we have to provide Black women with a safe space to learn and grow”, said entrepreneur Ayesha Curry, a member of the One Million Black Women Advisory Council. “This is why I am so proud to be a member of the Advisory Council. I look forward to sharing the lessons that I’ve learned as an entrepreneur; as well as growing and evolving with the women in this community.”
“The more we tell the stories, the more we measure the results so that others can learn from it, and to hold up those best practices for everyone to see, I think the possibilities for One Million Black Women are infinite,” said Valerie Jarrett, former Senior Advisor to President Obama and One Million Black Women Advisory Council member.
Investment capital and philanthropic grants will be provided to the following organizations:
- Birth Center Equity (National) will receive a grant to support Black women led community birth centers in providing access to new resources that ensures Black women’s collective vitality, sustainability, and growth.
- Women’s Fund of Central Ohio (Columbus, Ohio) will receive a grant to fund the Enduring Progress Initiative to fill the systemic funding gap faced by non-profits led by women of color.
Global Disability Inclusion and Mercer partner for survey
Global Disability Inclusion is a consulting firm which offers disability inclusion strategies and solutions for global companies. The team helps organisations expand opportunities to reach new talent, create inclusive environments and acquire new customers.
First-of-its-kind disability climate and culture survey
The Amplify survey is designed to provide companies with valuable insights into the work experience of both people with disabilities and those without, allowing them to:
- Improve policies and procedures
- Create greater equity in the workplace
- Improve climate and culture
According to the Return on Disability Group, 90% of companies state they have diversity initiatives, but only 4% include disability in their diversity programs. "Companies are unaware of the employment experiences of people with disabilities because disability is too often left out of the broader diversity conversation", said Meg O'Connell, CEO and Founder, Global Disability Inclusion. "Disability doesn't discriminate. It affects people of any gender, age, race, ethnicity, sexual identity, economic condition and educational level - which is why it is so important for companies to obtain feedback from their employees with disabilities."
The need for data on disability inclusion
Amplify comes from a collaboration between Global Disability Inclusion and Mercer. The two organizations have been studying disability employee engagement by capturing data and gaining insights about the employment experiences of people with disabilities as it compares to all other diversity groups.
Their landmark ten-year study, The State of Disability Employee Engagement, includes responses from 12m people across the globe. This study highlights the need for companies to better understand the work experiences of disabled employees.
In one example, the engagement gap of employees with disabilities shows a difference in some areas of up to 13%. A gap of this size demonstrates employees with disabilities perceive a very different work environment than those without disabilities.
"Amplify will allow companies for the first time to actively participate in surveying employees with and without disabilities and to benchmark results to the 10-year data set," said Dr. Peter J. Rutigliano, Senior Principal, Mercer. "The data generated will provide deep, actionable insights that can help companies address the needs of employees with disabilities."
How to get involved with the survey
The survey will run over three weeks from 2nd September - 16th September 2021. Companies must be registered by August 25, 2021, to participate.
Once the survey period closes, companies will receive the following:
- Results across six key employee engagement categories - Diversity and Equity, Enablers and Resources, Climate and Culture, Leadership, Achievement and Identity
- Results from new questions specifically about disability practices (disclosure, self-id, accommodations, employee resource groups, and more)
- Benchmark results against Mercer's 12-million-person global database
- Analysis and recommendations on findings provided by Global Disability Inclusion
Register here: To register for the survey, email [email protected]