The Goldman Sachs Group, Inc. has announced the Black Women Impact Grants program as part of its One Million Black Women initiative to fund an open-access grants program for Black women-led and Black women-serving nonprofits. Funded by the Goldman Sachs Foundation, 50 Black women-led nonprofits will be selected to receive general operating funding ranging from $50,000 – $250,000 over a two-year period. The $10 million open-access grants program is a direct response to feedback received from Black women nonprofit leaders across the country through more than 50 One Million Black…
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Goldman Sachs Update on 2030 Sustainable Finance Commitment
Goldman Sachs have posted an update to their 2030 Sustainable Finance Commitment on their website here. I have included it below. Year One Progress and New Initiatives by David Solomon, Goldman Sachs Chairman and CEO Just over a year ago, we developed a framework to put climate transition and inclusive growth at the forefront of our work with clients. And to demonstrate the depth of our commitment, we announced that we would target $750 billion in financing, investing, and advisory activity to nine areas focused on these two priorities by…
Read MoreGoldman Sachs Commits $10 Billion in Investment Capital and $100 Million in Philanthropic Capital To Impact The Lives of One Million Black Women
The Goldman Sachs Group, has announced a new investment initiative of more than $10 billion to advance racial equity and economic opportunity by investing in Black women. In partnership with Black women-led organizations, financial institutions and other partners, Goldman Sachs will commit $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…
Read MoreGoldman Sachs Issues $800 Million Sustainability Bond
The Goldman Sachs Group, Inc. has announced that it has settled an $800 million Sustainability Bond to accelerate climate transition and advance inclusive growth across nine core thematic areas: clean energy, sustainable transport, sustainable food and agriculture, waste and materials, ecosystem services, accessible and innovative healthcare, accessible and affordable education, financial inclusion, and communities. The bond is unique in that eligible categories are based on the above mentioned nine key impact themes that also underpin Goldman Sachs’ sustainable finance commitment. The commitment includes a target to deploy $750 billion across…
Read MoreGoldman Sachs 10,000 Small Businesses and MetLife Foundation Partner With Leading Pro Bono Expert Taproot Foundation to Support Small Businesses
In response to the dire economic challenges presented by COVID-19, Taproot Foundation, a national nonprofit that connects organizations with volunteers sharing their professional expertise pro bono, today announced it will open its online volunteer matchmaking program to small businesses in need of professional consulting support. Taproot Plus for Small Business is made possible in part by support from MetLife Foundation and Goldman Sachs 10,000 Small Businesses. Taproot Plus, Taproot’s open-access online platform, launched in 2015 and has since directed over $35 million worth of pro bono services to organizations in need. Through Taproot Plus…
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