Expanding firm efforts to address pressing social problems
Society needs today’s companies to create economic growth that benefits all stakeholders. The donation we’re making today – in line with our purpose as a firm – will support our commitment to creating greater financial well-being and advancing sustainability.
Our commitment:
We believe that we have a responsibility to deploy the firm’s capital to address pressing social problems. This charitable contribution will allow us to catalyse new and innovative ideas, outside of our core business, to support social and economic progress for more and more people around the world. Led by our Social Impact team, we’ll fund organisations that help people access jobs with higher earning potential and tools to build savings. In the coming months, we’ll expand our support by partnering with organisations addressing the disproportionate affects climate change has on vulnerable communities.
We live in a country where neurosurgeons are working as care assistants, where marine engineers are driving cabs and where qualified lawyers are stacking supermarket shelves. Refugees arriving in the UK face huge hurdles in returning to their careers due to language and financial barriers. Over the last 2 years we have supported over 100 refugees back into their careers in the UK. Thanks to a multi-year commitment from The BlackRock Foundation we will be able to support hundreds more in the future.
