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Konnekt Impact Twin: Support For Mac4/26/2021
PayPal The payment platform created a 500 million fund to support black and minority businesses by strengthening ties with community banks and credit unions serving underrepresented communities as well as investing directly in black- and other minority-led start-ups.But some businesses have gone further, committing to concrete changes in their practices.
Companies big and small have reacted to the protests after the police killing of George Floyd last month. Credit. Amr AlfikyThe New York Times By Gillian Friedman Aug. Friday will be a paid company holiday for employees at Nike. The same goes for workers at Twitter, Target, General Motors, the National Football League and a variety of other businesses. JPMorgan Chase, Capital One and other banks will close branches early. Companies big and small decided to recognize Juneteenth, a holiday that commemorates the end of slavery, after the killing of George Floyd set off an urgent national conversation about race. Companies are usually quiet at moments of public upheaval and hesitant to take a political stand for fear of alienating customers. But since Mr. Floyds killing late last month, businesses of all kinds have expressed their solidarity with protesters, donated millions of dollars to organizations dedicated to racial justice or vowed to change their office cultures to be more inclusive. But some have gone further, announcing intentions to make concrete changes inside their own institutions or in how they do business. Adidas Image Adidas has pledged to fill a certain percentage of open positions with black or Latino candidates. Credit. Brittainy Newman for The New York Times The sportswear giant said it would fill at least 30 percent of all open positions at Adidas and Reebok, which it also owns, with black or Latinx candidates. Amazon and IBM Amazon has placed a one-year moratorium on police use of Rekognition, its facial recognition technology, which has come under fire for its unfair treatment of African-Americans. Similarly, IBM said it would no longer offer, develop or research facial recognition technology, citing potential human rights and privacy abuses. Andreessen Horowitz The investment firm donated 2.2 million to start the Talent x Opportunity fund, a program designed to support entrepreneurs from underserved communities. The company will provide entrepreneurs with seed capital and training to help start their businesses. ![]() Konnekt Impact Twin: Support Software Developers ToCredit. Bryan Derballa for The New York Times The technology company is creating an entrepreneurship camp for black software developers to promote their best work and ideas, and said it would increase the number of black-owned suppliers that provided materials for its operations. Este Lauder Companies Image The beauty brand plans to double its spending on supplies from black-owned business in the next three years. Credit. Shannon StapletonReuters The cosmetics brand said it would make sure the percentage of black employees at all levels in the company would mirror the percentage of black people that make up the United States population within the next five years. It also committed to doubling recruits from historically black colleges and universities in the next two years. Over the next three years, the company committed to doubling the amount it currently spends on sourcing ingredients, packing materials and supplies from black-owned businesses. Facebook The company pledged to double the number of its black and Latinx employees by 2023, and to increase the number of black people in leadership positions by 30 percent over the next five years. Facebook also committed to spend at least 100 million annually on black-owned suppliers, from marketing firms to construction companies. FitBit The company behind the fitness app said it would support research projects to address health conditions that disproportionately affected black people, including Covid-19. FitBit also pledged to offer more workouts from black fitness influencers on its app and feature them on its social media channels. NASCAR The motorsports organization has barred Confederate flags from its events and properties. NASCAR had begun asking fans to stop taking Confederate battle flags to its races in 2015, but many have flown the flag anyway, hoisting it atop campers and R.V.s on fields around racetracks. NASCAR said it would set protocols for enforcing at its tracks.
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