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Businesses in Action to Support Black Lives Matter

Businesses in Action to Support Black Lives Matter

George Floyd was killed by Minnesota police on 25 May 2020 which ignited a fuel to overthrow the systemic racism and inequality out of the society.

In this news update we will cover what big organisation are doing and saying about this revolution:

1. PepsiCo:

We know that the first step toward change is to speak up, so I want to be very clear: Black Lives Matter, to our company and to me. — Ramon Laguarta, CEO of PepsiCo

They also promised to invest $20 million in the span of five years “to create opportunity and advance economic empowerment for Black Americans,”. This fund will be used to provide support the black community in every sense possible.

2. PayPal:

It is not enough for us to condemn racism. We must be anti-racist. — Dan Schulman, President and CEO of PayPal.

This organisation talks about creating a $500 million opportunity fund which used to support and provide strength to the minority business and community.

Additional $10 million will be given as emergency grants to Black-owned businesses impacted by COVID-19 or the racial justice crisis in the United States.

3. Apple:

The unfinished work of racial justice and equality call us all to account. Things must change, and Apple’s committed to being a force for that change. Today, I’m proud to announce Apple’s Racial Equity and Justice Initiative, with a $100 million commitment. – Tim Cook, Apple.

4. Ginkgo:

Black lives matter. Ginkgo has and will always stand for equality. We stand with the Black community against racism, systemic injustice, and police brutality. – Anna Marie, Ginkgo.

5. HP:

“HP was built on values of diversity and inclusion, fairness and equity,” wrote Enrique Lores, President & CEO of Forum Strategic Partner HP.

On 4 June 2020, HP announced that the HP Foundation would contribute half a million to social justice organizations and double-match employee contributions.

It is very important that these organisation bring in their “A” game when it comes to supporting the minorities communities as it is a high they start paying back the society for all the love they get. Source: https://www.weforum.org/agenda/2020/06/companies-fighting-systemic-racism-business-community-black-lives-matter/