People COMMUNITY Community Resilience Fund Supplier Diversity and $ Inclusion FY21 Results: Starbucks committed to invest 100 million in a Community $ $ Resilience Fund; Starbucks deployed 10 million into Chicago Community FY21 Results: Nearly 800 million Development Financial Institutions (CDFIs) to support small businesses. 13 14 spent with Tier 1 diverse suppliers. Too often, entrepreneurs of color can’t thrive because they don’t get the The Starbucks Supplier Diversity and capital and support they need to succeed. In FY21, Starbucks executed its Inclusion program drives inclusion of FY20 commitment to partner with CDFIs to invest $ 10 million in small- qualified businesses with a focus on business development loans for Chicago’s underserved communities. suppliers of all sizes and categories. $ Building on this initiative, Starbucks committed to invest 100 million in In FY21, Starbucks spent nearly the Starbucks Community Resilience Fund. The Fund aims to advance racial $ 800 million with diverse suppliers, equity and environmental resilience by supporting small business growth and supporting more than 6,400 jobs community development projects in BIPOC communities with historically $ and contributing to 1.2 billion in total limited access to capital with a goal to have the total fund invested by 2025. direct, indirect and induced economic The investments will initially focus on 12 U.S. metropolitan areas and impact nationwide. Starbucks has $ their surrounding regions: Atlanta, Detroit, Houston, Los Angeles, Miami, spent more than 8 billion with Tier 1 Minneapolis, New Orleans, New York City, Philadelphia, San Francisco diverse suppliers since 2000. Bay Area, Seattle and Washington, D.C. In partnership with community leaders, CDFIs and other impact-focused financial institutions, the Fund will help provide access to capital intended to support small businesses and neighborhood projects, including those addressing the inequitable impacts of climate change. 13 Tier 1 refers to those suppliers from whom Starbucks directly purchases a given product. 14 The geographic scope of this data point includes all company-owned and operated stores in the U.S. and Canada.
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