Goldman Sachs Eliminates Black From DEI Pledge, Naming 'Black Womenomics'

• Goldman Sachs has received website descriptions for its multibillion-dollar commitment’s included programs
• The 2021-launched ‘One Million Black Women initiative’ was launched to minimize exposure amidst Trump administration’s scrutiny of DEI efforts

A multibillion-dollar commitment i.e., ‘One Million Black Women initiative’ has been launched by Goldman Sachs in the year 2021 for reinvesting in Black women as well as their businesses. The organisation has now received website descriptions of those programs that are supposed to minimize exposure in the middle of scrutiny of diversity, equity, and inclusion efforts of Trump administration.

All the changes shall not ignore any scrutiny, as per The Wall Street Journal. However, their terminology comes across to be race-neutral while its photos and research reports continues to feature Black women images and at least one report entitled as ‘Black Womenomics’.

The global head of corporate engagement at Goldman Sachs, Ashai Pompey stated in a statement, saying, “This initiative is one component of our longstanding commitment and broader strategy focused on advancing small businesses, job creation, and economic growth in rural and urban communities across America. We regularly evaluate our programs to ensure they are impactful, align with the firm’s strategy, and are compliant with the law.”

Goldman Sachs presented in much of its communication with regards to the program indicating it to be committed for investing $10 billion and $100 million in philanthropy that has been designed for driving up the economic opportunity afforded to Black women by 2030.