WILMINGTON, Del., April 28, 2021 /PRNewswire/ -- DuPont (NYSE:
DD) today announced it has committed to invest $20 million in the Black Economic Development
Fund (BEDF), managed by the Local Initiatives Support Corporation
(LISC).
The BEDF will provide financing to support Black-led financial
institutions, anchor institutions, and businesses through improved
access to capital to incentivize economic activity and wealth
building opportunities in Black communities.
"For too long, systemic racism has prevented Black-led business
owners and entrepreneurs from participating fairly and fully in our
economy," said Ed Breen, DuPont
Executive Chairman and Chief Executive Officer. "Improving access
to capital for Black-led businesses can have an outsized
impact—creating an economic multiplier and advancing racial equity.
At DuPont, inclusivity is vital for delivering innovation and
growth, and we're proud to invest in the Black Economic Development
Fund and support communities with the resources to thrive in a more
equitable and inclusive economy and society."
"DuPont is making a high-impact investment that will help tackle
racial injustice and support broad-based growth as well," said
Lisa Glover, Interim Chief Executive
Officer of LISC. "It's gratifying to see some of the country's most
dynamic corporations align their treasury strategies with their
values in order to expand access to capital in Black and Brown
communities, bridge racial wealth and income gaps, and help our
economy work better for everyone."
Today's investment builds on DuPont's 2030 Sustainability
Goals to improve lives and empower people by supporting
education initiatives, workforce development, mentoring and
recruitment programs, and partnering with community organizations
to advance racial justice, and eliminate bias and barriers to
equality. Additionally, the company has signed on to the
Catalyst CEO Champions for Change, pledging to advance more women,
particularly women of color, into senior leadership positions and
onto the Board of Directors, and the CEO Action for Diversity &
Inclusion pledge, which commits DuPont leaders to take measurable
action in advancing diversity and inclusion in the workplace.
Ed Breen also serves as a founding
Guardian on the Council for Inclusive Capitalism.
For additional information on our commitment to advancing
diversity, equity and inclusion, click here.
About DuPont
DuPont (NYSE: DD) is a global innovation leader with
technology-based materials and solutions that help transform
industries and everyday life. Our employees apply diverse science
and expertise to help customers advance their best ideas and
deliver essential innovations in key markets including electronics,
transportation, construction, water, healthcare and worker safety.
More information about the company, its businesses and solutions
can be found at www.dupont.com. Investors can access information
included on the Investor Relations section of the website at
investors.dupont.com.
DuPont™, the DuPont Oval Logo, and all trademarks and service
marks denoted with ™, SM or ® are owned by
affiliates of DuPont de Nemours, Inc. unless otherwise noted.
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SOURCE DuPont