/PRNewswire/ PayPal today announced that it processed a record-breaking $188 million globally this Giving Tuesday, the largest amount raised on the platform.
Worker Financial Wellness: How Corporations Can Build Quality Jobs aspeninstitute.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aspeninstitute.org Daily Mail and Mail on Sunday newspapers.
Starbucks, PayPal and PSEG Join Ceres Company Network
Starbucks, PayPal and PSEG Join Ceres Company Network
Ceres Company Network membership grows to more than 50 companies working to drive sustainable business leadership
CONTENT: Press Release
March 15, 2021 /3BL Media/ - Starbucks Corp., PayPal Holdings Inc. and PSEG have joined the Ceres Company Network, the sustainability nonprofit Ceres announced today.
By joining, Starbucks, PayPal and PSEG become part of a network of 55 major companies including many Fortune 500 firms working to drive sustainable business leadership. As members, the companies commit to achieving robust sustainability goals, improving resiliency in their operations and supply chains, and advancing market-based and equitable solutions to the world’s biggest sustainability challenges.
The Next Move is a series that explores the critical choices facing business leaders as they respond to the extraordinary impacts of COVID-19, bringing a diverse array of expert voices into dialogue across digital media. This is the second of a two-part blog with a follow-on webinar to be held on Thursday, March 18th at 12:00pm Eastern/9:00am Pacific,
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As a wealth generator, product designer and major employer, corporate America has enormous influence on society which is why we’ve been asking business leaders how they are using that leverage to tackle racial equity. As presented in Part 1 of this blog, some companies have stepped up since the Summer’s racial reckoning with big commitments – the kind of commitments that bring to bear many of businesses’ unique capabilities to solve difficult problems.
PayPal Invests $50 Million in LISC Black Economic Development Fund
(Image: iStock/JasonDoiy)
“We strongly believe that access to capital and financial services is critical to growing and sustaining vibrant communities,” said Franz Paasche, senior VP of Corporate Affairs at PayPal in a press statement sent to
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LISC, with its decades-long history of expanding inclusive economic opportunity, is an important partner in our long-term commitment to close the racial wealth gap.”
The funds were apart of a $175 million investment made by a few other corporations like HubSpot, Netflix, Square and Costco to provide resources for Black entrepreneurs and communities. The investment firm said they will use funds to be distributed as capital for financial assistance for those recovering from the COVID-19 pandemic. It will also go to help their Project 10X initiative to address racial disparities in wealth and other areas that affect marginalized communities.