BETHESDA, Md., February 23, 2021 /3BL Media/ -
ImpactAssets has named Working Capital Innovation Fund as one of the ImpactAssets 50 2021 (IA 50), a free online database for impact investors, family offices, financial advisors, and institutional investors that features a diversified listing of private capital fund managers delivering social and environmental impact as well as financial returns.
Working Capital Innovation Fund has been recognized as an Emerging Impact Manager for its focus on solving systemic inequity and worker vulnerability through venture-style impact investing.
Supply chains are becoming increasingly complex and there is a need for greater transparency and risk management. Working Capital is unique in focusing on supporting scalable solutions to global workplace problems that range from health and safety risks to child labor and modern-day slavery, many of which result from the opacity of supply chains.
CONTENT: Press Release
Coral Gables, Fla., February 24, 2021 /3BL Media/ – According to Nielsen, the Black community is significantly underrepresented in the ownership portion of the United States’ On-premise retail industry (bars and restaurants) at only seven (7) percent. Bacardi U.S.A. and the NAACP want to change that. The NAACP will be awarding Bacardi-sponsored grants to Black-owned businesses in the beverage alcohol service, sales, and hospitality industries as part of the Backing the B.A.R. (Black-Owned Accounts and Retailers) initiative, which has committed more than $350,000 in support to this initiative. Following an application and review process, 35 grantees nationwide were selected to received $10,000 each to support future growth of their businesses.
Share it
If there s no change in current promotion, attrition and external hiring rates, it may take about 95 years for Black private sector employees in the U.S. to reach parity in management positions 12% representation overall, according to McKinsey & Company.
The inaugural report Race in the Workplace: The Black Experience released Feb. 22, surveyed 24 large companies and explored geographic and systemic barriers to provide insight on why Black workers are largely concentrated in frontline and entry-level jobs. This is the first comprehensive analysis of the experience of Black professionals in corporate America, according to McKinsey. We examined the entire U.S. private sector employment, which consists of about 225 million people who work in the private sector, of whom about 15 million are Black workers, James Manyika, chairman and director of McKinsey Global Institute and senior partner at McKinsey & Company, said during a virtual press conference Feb. 22.
Heather Ellison, Senior Vice President of Retail Banking and Rolland Mattoon, Director of Small Business, presented on how to create a comprehensive business plan to a group of women entrepreneurs at the LA Launch and Grow virtual workshop in partnership with Operation HOPE, Inc.
An intensive scare for the industry: Admitting to painful truths about racial inequality a big step towards healing it
Why there is no quick fix to improve diversity
Investment Week editor Lauren Mason
Lauren Mason
This past year has seen a huge transformation in how the asset management industry discusses racial diversity in the workplace.
It is refreshing, and a relief, to see such a rapid progression, with reams of asset management firms - including the likes of Aegon, Federated Hermes and J.P. Morgan Asset & Wealth Management - hiring.
To continue reading.
Tel: +44 (0)1858 438 427
Register Now
Investment Week helps enlightened investment professionals to grow revenues and manage risk by reading the market more astutely via this industry leading title.