57 Sustainability Report 2021 Inclusive Growth | One Million Black Women Sustainability Report 2021 Inclusive Growth | One Million Black Women 57 INCLUSIVE GROWTH Sustainability Report 2021 Inclusive Growth | One Million Black Women 57 INCLUSIVE GROWTH Over $870 million of investment capital and more than $9 million in philanthropic capital has been invested alongside Black women to date, laying the groundwork to directly impact the lives over 107,000 Black women across the country. Grameen America For the first time, Goldman Sachs has provided capital for microloans through a new partnership with Grameen. Our $20 million loan will help finance small business loans to low- income Black women entrepreneurs as part of Grameen’s new “Elevating Black Women Entrepreneurs” initiative “Elevate.” Launched in May 2021, “Elevate” is a dedicated program that will offer loan capital, technical assistance, and financial coaching to Black women small business owners. Grameen will partner with local organizations on outreach and recruitment, as well as tailor and strengthen its business and financial education programming to better meet the needs of Black women entrepreneurs. Collab Capital We invested in Collab Capital, an early-stage venture capital fund investing in Black founders. Collab Capital seeks to address the lack of capital access for Black entrepreneurs; currently, approximately 1% of venture capital goes to Black-founded companies while Black Americans represent 14% of the US population. Collab Capital also looks to optimize financial and social capital to help Black founders build profitable and sustainable businesses, investing in tech and tech-enabled companies working on innovative solutions in niche or growth markets. Growing a Business “This significant partnership with Goldman Sachs’ One Million Black Women will meaningfully address funding gaps faced by emerging Black women entrepreneurs. By engaging with and directly lending to communities of color, we are making financial inclusion a reality for tens of thousands of Black women now and far into the future.” ALETHIA MENDEZ Division President for Elevating Black Women Entrepreneurs, Grameen America Driving Impact Through Investments and Philanthropic Partnerships We believe that a combination of commercial and philanthropic capital can be harnessed to create meaningful, lasting impact. In the past year, we’ve focused on a variety of investments, partnerships, and grants that align with important moments in Black women’s lives. Many of our focus areas for these investments and initiatives were identified through our listening sessions.