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Goldman Sachs ends IPO diversity pledge

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Goldman Sachs said on Tuesday it has ended a diversity, equity and inclusion pledge tied to the investment bank's initial public offering business.
Goldman Sachs has decided to end its initiative to boost diversity in initial public offerings (IPOs), which was launched in 2020 to increase the representation of women and people of color in leadership roles of companies going public. The program, known as "One Million Black Women," aimed to support Black women in business but has now concluded as the bank shifts its focus towards broader economic empowerment efforts. This decision comes amidst a backdrop of legal challenges and political scrutiny over corporate diversity programs, with critics arguing that such initiatives could be discriminatory. Despite the end of this specific pledge, Goldman Sachs emphasized its ongoing commitment to diversity, equity, and inclusion through other means.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/goldman-sachs-ends-ipo-diversity-pledge-2025-02-11/ ]