Civil unrest has gripped the U.S. since the May killing of George Floyd, prompting companies across industries to commit to racial justice and support initiatives that promote equity and inclusivity.
On Thursday, JPMorgan Chase made a $30 billion pledge to address racial inequality over the next five years, standing out as one of the largest race-related corporate financial commitments since public upheaval began in early June. The announcement comes shortly after Citi and Bank of America pledged $1 billion respectively to tackle racial inequality and economic mobility among communities of color.
“Systemic racism is a tragic part of America’s history,” Jamie Dimon, CEO of JPMorgan, said in a statement. “We can do more and do better to break down systems that have propagated racism and widespread economic inequality, especially for Black and Latinx people. It’s long past time that society