Company News

$66 Billion Committed to Racial Equality

Fortune 1000 companies focus on housing and business development.

Fortune 1000 companies have committed $66 billion to racial-equity initiatives, according to new research by McKinsey. The companies made their pledges public between George Floyd’s killing in May and the end of October. More than three-quarters of the commitments are aimed at affordable housing and the development of small and medium-size businesses, according to an analysis by the new McKinsey Institute for Black Economic Mobility. McKinsey's research found that a coalition with five k...

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