Goldman Sachs Rebrands Diversity Pledge: 'Black In Business' Transforms into Profit Initiative

In 2021, Goldman Sachs introduced the One Million Black Women initiative, a substantial investment aimed at empowering Black women and their enterprises. Recently, the firm altered its program descriptions, seemingly in response to heightened scrutiny from the Trump administration regarding diversity practices. The Wall Street Journal notes these modifications could still attract attention, as promotional materials continue to feature Black women prominently. Despite adjustments, Goldman remains committed. Ashai Pompey emphasized the initiative’s essential role in fostering economic growth, while philanthropy strategies evolved, affecting various nonprofits adversely, including Briana Franklin's organization.