Making Progress Towards Racial Equity

At Goldman Sachs, we believe in the power of Black voices and in committing capital towards creating change.

Where those come together is where we can make progress towards racial equity.

That’s why we are investing in the power of Black communities.

Supporting the power of Black businesses.

Recognizing the power of an inclusive workforce.

As a firm focused on sustainable and inclusive growth, we are channeling the power of capital to drive economic prosperity for more people. 

We have long been committed to promoting inclusion, diversity and equity within our own firm, throughout our industry, and in the communities in which we live and work. We believe the effort needed to truly bridge gaps in inequality is ongoing – we know there is more to be done, and we continue to aim higher. 


Channeling the Power of Capital

One Million Black Women
Our new investment initiative will commit $10 billion in direct investment capital and $100 million in philanthropic support to advance economic progress for at least one million Black women in the U.S. By working with partners and listening to the input of Black women, together we can help narrow opportunity gaps in critical areas like healthcare, education, housing, and access to capital. 

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One Million Black Women: Black in Business
Goldman Sachs has spent the last decade helping small businesses grow with 10,000 Small Businesses. Now, One Million Black Women: Black in Business is taking it further -- reaching Black women sole proprietors with the tools necessary to turn their business potential into business growth.

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Black Women Impact Grants
Funded by the Goldman Sachs Foundation, Black Women Impact (BWI) Grants will support community-driven charitable nonprofit organizations created by and for Black women and girls. As part of the One Million Black Women initiative, our goal is to positively impact the lives of at least one million Black women by 2030.

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Black Womenomics: Equalizing Entrepreneurship
Black women are underrepresented in business ownership. What will it take to equalize their opportunities? Goldman Sachs Research examined some of the barriers.

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Black Womenomics: Investing in the Underinvested
Goldman Sachs research has shown that one of the fastest ways to accelerate change and effectively begin to address the racial wealth gap is to listen to and invest in Black women. Our Black Womenomics research focuses on the wealth gap, its relationship with these economic disadvantages, and the public and private investment opportunities to help close these gaps.

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One Million Black Women: Latest Round of Investments, Partnerships, and Grants
On January 12, 2022 One Million Black Women announced new investments, impactful new partnerships, and philanthropic grants for 17 leading organizations and projects across the country to lift up Black women and girls.

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One Million Black Women - Echoing Green Fellows
Echoing Green and Goldman Sachs One Million Black Women are partnering to accelerate the impact of Black women who are boldly advancing solutions to address racial and gender equity in housing, education, healthcare, digital connectivity, access to capital, workforce development, and financial literacy.

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Driving Inclusive Growth Through Sustainable Finance
As part of our $750 billion commitment to sustainable finance, we’re supporting underserved populations by leveraging our capabilities to improve access and affordability. Inclusive growth supports communities by drawing on innovative finance and partnerships to mitigate unequal access and affordability among underserved populations.

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Urban Investment Group (UIG)
UIG is our domestic multi-asset class investing and lending business that deploys over $1 billion annually to close the opportunity gap for underserved places and people through real estate projects, social enterprises, and lending facilities for small businesses. Over 80% of the team’s investing is in minority communities. 

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Supporting the Power of Communities

Increasing Our Small Business Commitment to $1 Billion
At the end of 2020, we announced an additional $250 million of funding for the 10,000 Small Businesses program, which will ensure the program can reach another 10,000 entrepreneurs with the training and support they need to realize opportunities for growth. This announcement brought Goldman Sachs’ total commitment to small businesses to over $1 billion in 2020, having previously committed $775 million in capital and grants to Community Development Financial Institutions and other mission-driven lenders.

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In 2020, we created the Goldman Sachs Fund for Racial Equity to support the vital work of leading organizations addressing racial injustice, structural inequity and economic disparity.

The $10 million Fund for Racial Equity builds upon more than $200 million Goldman Sachs has granted over the last decade to organizations serving communities of color. Most recently, as part of the Goldman Sachs COVID-19 Relief Fund, the firm deployed $17 million to organizations supporting relief efforts in communities of color.

Goldman Sachs Fund for Racial Equity
We’ve created the $10 million Goldman Sachs Fund for Racial Equity to support the vital work of leading organizations addressing racial injustice, structural inequity and economic disparity. 

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Social Impact, Racial Equity and the Current Environment
Asahi Pompey, global head of Corporate Engagement and president of the Goldman Sachs Foundation, sat down for a conversation with Dr. Mitchell Katz, president & CEO of NYC Health + Hospitals, and Kimberly Bryant, founder & CEO of Black Girls Code, to discuss nonprofit leadership and resilience in times of crisis, the pandemic’s impact on communities of color, and actionable steps toward racial equity and equality.

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Analyzing the Obstacles of Black Entrepreneurship
Black business owners face significantly more challenges in starting, maintaining and growing their businesses than their white counterparts, according to new research from Goldman Sachs’ 10,000 Small Businesses program, which analyzes more than 10 years of data from more than 9,700 program graduates. 

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Investing in the Power of Diverse Teams

Launch With GS
Launch With GS is our $1 billion investment strategy grounded in our data-driven thesis that diverse teams drive strong returns. Through Launch With GS, Goldman Sachs aims to increase access to capital and facilitate connections for women, Black, Latinx and other diverse entrepreneurs and investors.

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A More Sustainable and Diverse Supply Chain
A key priority for our firm is fostering opportunities for businesses which are women- and minority-owned with the aim of achieving a supply chain that reflects the diversity of our people and our clients. Our Vendor Diversity Program gives us a platform to engage with small and diverse enterprises around the world.

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Catalyzing the Power of Representation and Inclusion

Driving Diversity in Recruiting and Developing Talent
The strength of our culture, the execution of our strategy and our relevance to our clients depend on a truly diverse workforce. We have set clear, quantifiable diversity goals around our entry-level hiring, and are equally committed to career development to ensure diverse representation at all levels of the firm.

Read about our aspirational goals

Learn about our 2020 People Strategy Report

Learn about our Managing Director Class of 2021

Q&A with Kyle Williams and Kene Ejikeme, Co-heads of the Goldman Sachs EMEA Black Network
In this Q&A, we catch up with Kyle Williams and Kene Ejikeme, co-heads of the Goldman Sachs EMEA Black Network, who share their career history, goals for the Network and how the firm is recognizing Black History Month in the UK. 

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Recognition of Our Commitment to Diversity and Inclusion
Our firm and our people have been honored for diversity and inclusion over the years by leading organizations and media, respectively. Bloomberg, Human Rights Campaign, Disability:IN, and Seramount are some of the organizations that have recognized the firm as an employer of choice. EBONY, Diversity Woman Magazine, Fast Company, and INvolve -- along with others -- have honored our people for leadership and dedication to addressing inequality.  

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