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Goldman Sachs Exchanges

The Case for Investing in Black Women

Goldman Sachs Exchanges

Goldman Sachs

Business

4.4 • 1K Ratings

🗓️ 16 March 2021

⏱️ 33 minutes

🧾️ Download transcript

Summary

In this episode, Gizelle George-Joseph of Goldman Sachs Research discusses the staggering gaps Black women face across a range of economic measures—including wealth, earnings, and access to healthcare—as outlined in her team’s recent Black Womenomics research report. Next, David Solomon, Chairman and CEO of Goldman Sachs, and Margaret Anadu of the Asset Management Division discuss the firm’s new One Million Black Women initiative. Then, Melissa Bradley of 1863 Ventures discusses how her work providing economic and networking opportunities for Black and brown entrepreneurs is aligned with the One Million Black Women initiative.

Transcript

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0:00.0

This is the exchange is at Goldman Sachs where we discussed developments currently shaping markets industries in, and the global economy.

0:13.6

I'm Jake Stewart, Global Head of Corporate Communications here at the firm.

0:16.7

Goldman Sachs recently announced a new investment initiative of more than $10 billion to advance

0:22.2

racial equity and economic opportunity by investing in black women.

0:26.6

Today we'll explore the topic of investing in this drastically under-invested group of people in a three-part episode.

0:33.0

First, we'll talk about the gaps that black women face and actions to address them,

0:36.4

as outlined by Giselle George Joseph and her colleagues in Goldman Sachs research

0:40.4

in a new report they put out entitled Black Womenomics.

0:43.6

After that we'll discuss the 1 million Black Women Initiative

0:47.0

and the firm's efforts around racial equity

0:49.2

with Goldman Sachs Chairman and CEO David Solomon

0:51.6

and Margaret Anado, the firm's global head of sustainability

0:54.8

and impact in our asset management division.

0:57.4

And finally, Margaret herself will speak with Melissa Bradley, an advisory council member of

1:02.3

the 1 million Black Woman Initiative, and managing partner

1:05.0

of 1863 Ventures about her personal experience as a black woman helping build communities

1:11.4

for entrepreneurs.

1:12.6

Thank you all for joining us for this conversation.

1:14.8

To kick us off, I'll start with Jiselle to discuss the Black Womenomics report I just mentioned.

1:20.0

Jiselle, welcome to the program.

1:22.0

Thank you so much, Jake.

1:23.6

So let's start with the wealth gap among black women.

...

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