Economic Empowerment CSR News

Key Takeaways From Climate Week: The Business Case for Climate Justice

Blog

In the context of the news this week, we find ourselves in another pivotal moment. Not only is it Climate Week, but the U.S. faced yet another racial injustice in Breonna Taylor’s court ruling. Today’s newsletter addresses these issues and how they, and so many other issues of today, intersect.

Celebrating the Growth of Our Latino Communities

Herbalife Nutrition celebrates Hispanic Heritage Month
Blog

If the value of all goods and services produced by the Latino community in the U.S. were a standalone economy, it would be the 7th largest in the world. Today, there are 4.37 million Hispanic-owned businesses in the U.S., which contribute more than $700 billion to the economy annually, according to the U.S. Hispanic Chamber of Commerce. These businesses have provided almost 2.7 million jobs to U.S. workers.

CEOs, Make Sure Your Employees Aren't Struggling To Get By

by Paul Tudor Jones and Dan Schulman
Article
In 2018, PayPal anonymously surveyed a large sample of its hourly and entry-level employees to assess their financial security. The results indicated that almost two-thirds of surveyed employees reported periodically running out of money between paydays. This was disappointing and surprising, but provides a valuable lesson to other leaders: Although PayPal's internal analysis showed that it paid at or above market value for each of its employees, the wages were not always sufficient for many families.
 

Business Call to Action 10th Annual Forum: Reimagining Resilience through Inclusive Business Innovation

Join us for BCtA’s 10th Annual Forum Reimagining Resilience through Inclusive Business Innovation
Press Release

 

When
The event will be held on the sidelines of the virtual 75th UN General Assembly on 24 September.

Where
Register at www.bctaforum.org

Truist Donates $40 Million to Launch Innovative Nonprofit Fund Supporting Ethnically, Racially Diverse and Women-Owned Small Businesses

Commitment to the CDFI sector designed to significantly increase investment in communities and entrepreneurs that have experienced decades of underinvestment
Press Release

CHARLOTTE, N.C., September  23, 2020 /3BL Media/ – Truist Financial Corporation (NYSE: TFC) today announced a $40 million initial donation to help establish CornerSquare Community Capital, a new national nonprofit fund that will support selected community development financial institutions (CDFIs) through the purchase of 25% loan participations.

The Economic Costs of Structural Racism Are Too High to Ignore

Blog

By Marla Blow, Senior Vice President of Social Impact, North America, Mastercard Center for Inclusive Growth

Inclusive growth ensures that the benefits of a growing economy extend to all segments of society, and research suggests that productivity is determined less by a person's skills and abilities, and more by their access to the vital networks that power the modern economy. But access to these physical, virtual and social networks is not equally available, and Black people have been deliberately excluded from these networks.

Climate Week: Our Commitment to Combatting the Climate Crisis

By Sri Shivananda
Article

The consequences of global climate change are not a distant problem. They are real and plainly visible today. Raging wildfires are once again devastating forests across the Western United States, with smoke spreading east across the continent, causing unhealthy or hazardous air quality for millions. Just last month, monsoons wreaked havoc in India as a year’s worth of rain fell in just one month. History shows that it is the world’s poorest and most disadvantaged communities that bear the brunt of the financial blow that often accompanies climate events.

Mastercard Pledges $500 million to Help Close Racial Wealth and Opportunity Gap for Black Communities Across America

Press Release

Furthering longstanding financial inclusion efforts to bring more people and small businesses into the digital economy, the company will bring equitable financial tools, investment and partnerships to cities across the U.S.

Last-Mile Investment in Malawi: A Whole Planet Foundation Interview with GGEM Farming's Ko Chijota

by Zoe So, Regional Director for Eastern & Southern Africa
Blog

The Whole Planet Foundation team is excited to introduce our new partnership with GGEM Farming, a young social enterprise operating out of Nkhotakota, on the shores of Lake Malawi. GGEM Farming is the first partner we are engaging under a new initiative to make our funding more accessible to early stage, locally-led companies. Such companies often have programs that are informed by deep knowledge of the local context, and the staff are rooted in the communities where they work.

Fifth Third Foundation Powers $1.2 Million Innovation Meets Main Street Program for Black, Women-Owned Entrepreneurs

Press Release

CINCINNATI, September 15, 2020 /3BL Media/ — Fifth Third Bank, National Association, today announced an exciting new $1.2 million program called Innovation meets Main Street: Boosting Black Women-Owned Businesses, a partnership between AEO and LISC powered by Fifth Third Bank.

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