54 Sustainability Report 2021 Inclusive Growth | One Million Black Women Sustainability Report 2021 Inclusive Growth | One Million Black Women 54 One Million Black Women Introduction In partnership with Black women-led organizations and other partners, One Million Black Women commits $10 billion in investment capital and $100 million in philanthropic grants to narrow opportunity gaps for at least one million Black women in the next decade. This initiative seeks to address the dual disproportionate gender and racial biases that Black women have faced for generations and that have only been exacerbated by the pandemic. Our Black Womenomics research has shown that Black women remain heavily disadvantaged across a broad range of economic measures including wealth, earnings, and health. Black women face a 90% wealth gap. Single Black women are 24 times less likely than single white men to own a business. Fifty-five percent of Black women in renting households are rent-burdened — spending 30% or more of their income on rent. Black women are 35% more likely to report fair or poor health, and they have a pregnancy- mortality rate that is more than three times higher than white women. One of the fastest ways to accelerate change and effectively begin to address the racial wealth gap is to listen to and invest in Black women. Investments and philanthropic grants focus on key moments in Black women’s lives from early childhood through retirement. Most importantly, the investments are grounded in the stories, voices, and experiences of Black women. INCLUSIVE GROWTH