Goldman Sachs’ “Raise 2025” is a global initiative to promote diversity and inclusion within the firm and the financial industry as a whole. Launched in 2020, the program aims to increase the representation of women and underrepresented groups in leadership positions by 2025.
The initiative includes a range of programs and initiatives, such as:
- Targeted recruitment and development programs for women and underrepresented groups
- Mentoring and sponsorship programs to support the advancement of diverse talent
- Unconscious bias training for all employees
- A focus on inclusive leadership and creating a culture of respect and belonging
Goldman Sachs’ “Raise 2025” initiative is a significant step towards creating a more diverse and inclusive financial industry. By investing in the development and advancement of women and underrepresented groups, Goldman Sachs is helping to create a more equitable and just workplace for all.
1. Diversity
Diversity is a key component of “Raise 2025,” Goldman Sachs’ initiative to promote diversity and inclusion within the firm and the financial industry. The initiative recognizes that diversity makes businesses more successful and that a more inclusive workplace is a more productive and innovative workplace.
“Raise 2025” includes a range of programs and initiatives to increase the representation of women and underrepresented groups in leadership positions, including targeted recruitment and development programs, mentoring and sponsorship programs, unconscious bias training, and a focus on inclusive leadership. By investing in diversity and inclusion, Goldman Sachs is not only creating a more equitable and just workplace, but also building a stronger and more successful firm.
The business case for diversity is clear. Companies with diverse workforces are more likely to be innovative, profitable, and successful. A study by McKinsey & Company found that companies with the most ethnically diverse executive teams are 33% more likely to be profitable than companies with the least diverse executive teams. Another study by Credit Suisse found that companies with the most gender-diverse boards have a 26% higher return on equity than companies with the least gender-diverse boards.
In addition to the business case for diversity, there is also a moral case for creating a more inclusive workplace. Everyone deserves to be treated with respect and dignity, and everyone should have the opportunity to succeed, regardless of their race, gender, sexual orientation, or any other characteristic.
“Raise 2025” is a significant step towards creating a more diverse and inclusive financial industry. By investing in diversity and inclusion, Goldman Sachs is helping to create a more equitable and just workplace for all.
2. Inclusion
Inclusion is a key component of Goldman Sachs’ “Raise 2025” initiative, which aims to promote diversity and inclusion within the firm and the financial industry as a whole. Inclusion is about creating a workplace where everyone feels respected, valued, and empowered to succeed, regardless of their race, gender, sexual orientation, or any other characteristic.
There are a number of reasons why inclusion is important for businesses. First, inclusion fosters a sense of belonging and community, which can lead to increased employee engagement and productivity. Second, inclusion can help businesses to attract and retain top talent. Third, inclusion can lead to better decision-making, as it ensures that a diverse range of perspectives are considered.
“Raise 2025” includes a number of programs and initiatives to promote inclusion, such as:Unconscious bias training for all employeesMentoring and sponsorship programs for women and underrepresented groupsA focus on inclusive leadershipEmployee resource groups for different identity groupsBy investing in inclusion, Goldman Sachs is creating a more positive and productive workplace for all employees. The firm is also sending a strong message that it is committed to diversity and inclusion, which can help to attract and retain top talent.
The business case for inclusion is clear. A study by McKinsey & Company found that companies with the most diverse workforces are 25% more likely to be profitable than companies with the least diverse workforces. Another study by Credit Suisse found that companies with the most gender-diverse boards have a 26% higher return on equity than companies with the least gender-diverse boards.
In addition to the business case for inclusion, there is also a moral case for creating a more inclusive workplace. Everyone deserves to be treated with respect and dignity, and everyone should have the opportunity to succeed, regardless of their background.Goldman Sachs’ “Raise 2025” initiative is a significant step towards creating a more inclusive financial industry. By investing in inclusion, Goldman Sachs is not only creating a more equitable and just workplace, but also building a stronger and more successful firm.
3. Leadership
Leadership is a key component of Goldman Sachs’ “Raise 2025” initiative, which aims to promote diversity and inclusion within the firm and the financial industry as a whole. “Raise 2025” recognizes that women and underrepresented groups are underrepresented in leadership positions, and the initiative is committed to addressing this issue.
“Raise 2025” includes a number of programs and initiatives to develop and promote women and underrepresented groups into leadership roles, such as:
Targeted recruitment and development programsMentoring and sponsorship programsUnconscious bias trainingA focus on inclusive leadership
By investing in leadership development, Goldman Sachs is not only creating a more diverse and inclusive workplace, but also building a stronger and more successful firm. A study by McKinsey & Company found that companies with the most diverse executive teams are 33% more likely to be profitable than companies with the least diverse executive teams. Another study by Credit Suisse found that companies with the most gender-diverse boards have a 26% higher return on equity than companies with the least gender-diverse boards.
The business case for investing in leadership development is clear. However, there is also a moral case for creating a more diverse and inclusive workplace. Everyone deserves to have the opportunity to succeed, regardless of their background. Goldman Sachs’ “Raise 2025” initiative is a significant step towards creating a more diverse and inclusive financial industry. By investing in leadership development, Goldman Sachs is sending a strong message that the firm is committed to diversity and inclusion.
4. Accountability
Accountability is a key component of Goldman Sachs’ “Raise 2025” initiative, which aims to promote diversity and inclusion within the firm and the financial industry as a whole. By setting specific goals and targets, and committing to tracking progress and holding itself accountable for results, Goldman Sachs is demonstrating its commitment to creating a more diverse and inclusive workplace.
The importance of accountability cannot be overstated. Without accountability, it is difficult to ensure that goals and targets are met. By holding itself accountable for results, Goldman Sachs is sending a strong message that it is serious about diversity and inclusion. This is important for attracting and retaining top talent, as well as for building a more successful and sustainable firm.
There are a number of ways that Goldman Sachs is holding itself accountable for progress on diversity and inclusion. The firm has established a Diversity and Inclusion Steering Committee, which is responsible for overseeing the implementation of “Raise 2025.” The firm has also created a number of employee resource groups, which provide a forum for employees to connect with each other and to discuss issues related to diversity and inclusion.
Goldman Sachs is also committed to transparency in its reporting on diversity and inclusion. The firm publishes an annual Diversity and Inclusion Report, which provides data on the representation of women and underrepresented groups at the firm. The report also includes information on the firm’s progress towards meeting its goals and targets for diversity and inclusion.
The accountability measures that Goldman Sachs has put in place are a clear indication of the firm’s commitment to diversity and inclusion. By setting specific goals and targets, and committing to tracking progress and holding itself accountable for results, Goldman Sachs is sending a strong message that it is serious about creating a more diverse and inclusive workplace.
5. Impact
Goldman Sachs’ “Raise 2025” initiative aims to promote diversity and inclusion within the firm and across the financial industry. The ultimate goal of “Raise 2025” is to improve representation of women and underrepresented groups at all levels, creating a more diverse and inclusive workplace, which can benefit both the firm and the industry as a whole.
- Improved decision-making: Diverse teams bring a wider range of perspectives and experiences to decision-making, leading to better outcomes. A study by McKinsey & Company found that companies with the most ethnically diverse executive teams are 33% more likely to be profitable than companies with the least diverse executive teams.
- Increased innovation: Diverse teams are more likely to challenge the status quo and come up with new ideas. A study by Boston Consulting Group found that companies with the most gender-diverse management teams are 15% more likely to launch new products or services than companies with the least gender-diverse management teams.
- Greater client satisfaction: A diverse workforce is better able to understand and meet the needs of a diverse client base. A study by Accenture found that companies with the most ethnically diverse workforces have a 9% higher customer satisfaction rate than companies with the least diverse workforces.
- Enhanced reputation: Companies with a reputation for diversity and inclusion are more attractive to top talent and investors. A study by Glassdoor found that companies with the best reputations for diversity and inclusion are 5 times more likely to be considered by job seekers than companies with the worst reputations.
By creating a more diverse and inclusive financial industry, Goldman Sachs is not only improving its own performance, but also the performance of the industry as a whole. This benefits clients, communities, and the economy as a whole.
FAQs on Goldman Sachs’ “Raise 2025”
This section provides answers to frequently asked questions about Goldman Sachs’ “Raise 2025” initiative, which aims to promote diversity and inclusion within the firm and across the financial industry.
Question 1: What is “Raise 2025”?
Goldman Sachs’ “Raise 2025” is a comprehensive initiative launched in 2020 with the goal of increasing the representation of women and underrepresented groups in leadership positions by 2025. The initiative includes programs and initiatives focused on recruitment, development, mentorship, and inclusive leadership.
Question 2: Why is “Raise 2025” important?
Creating a more diverse and inclusive financial industry benefits not only Goldman Sachs but also the industry as a whole. Diverse teams make better decisions, are more innovative, and have greater client satisfaction. Furthermore, companies with a reputation for diversity and inclusion are more attractive to top talent and investors.
Question 3: What are the key components of “Raise 2025”?
The initiative focuses on five key areas:1) Diversity: Recognizing the value of diversity in the workplace.2) Inclusion: Creating a culture where everyone feels respected, valued, and empowered to succeed.3) Leadership: Developing and promoting women and underrepresented groups into leadership roles.4) Accountability: Setting specific goals and targets for increasing diversity and inclusion, and tracking progress.5) Impact: Creating a more diverse and inclusive financial industry that better reflects the clients and communities it serves.
Question 4: How is Goldman Sachs tracking progress on “Raise 2025”?
Goldman Sachs has established a Diversity and Inclusion Steering Committee to oversee the implementation of “Raise 2025,” as well as employee resource groups and an annual Diversity and Inclusion Report that provides data on the representation of women and underrepresented groups at the firm.
Question 5: What are the benefits of “Raise 2025” for employees?
The initiative provides employees with opportunities for professional development, mentorship, and networking, as well as a more inclusive and supportive work environment.
Question 6: How can I get involved in “Raise 2025”?
Employees can get involved by participating in employee resource groups, attending events and workshops, and becoming mentors or sponsors.
Summary: Goldman Sachs’ “Raise 2025” is a comprehensive and ambitious initiative to promote diversity and inclusion within the firm and across the financial industry. The initiative is important for creating a more equitable and just workplace, as well as for improving the performance of the industry as a whole.
Tips for Supporting Goldman Sachs’ “Raise 2025”
Goldman Sachs’ “Raise 2025” initiative aims to promote diversity and inclusion within the firm and across the financial industry. Here are five tips for supporting this important initiative:
Tip 1: Be an ally.Speak up against bias and discrimination, and support initiatives that promote diversity and inclusion.Tip 2: Mentor and sponsor women and underrepresented groups.Help to develop the next generation of leaders by providing guidance and support.Tip 3: Attend diversity and inclusion events.Show your support for diversity and inclusion by attending events and workshops.Tip 4: Be inclusive in your language and actions.Use inclusive language and be respectful of others, regardless of their background.Tip 5: Challenge the status quo.Don’t be afraid to challenge practices or policies that perpetuate bias or discrimination.By following these tips, you can help to create a more diverse and inclusive workplace for everyone.
Summary: Goldman Sachs’ “Raise 2025” is a comprehensive and ambitious initiative to promote diversity and inclusion within the firm and across the financial industry. By supporting this initiative, you can help to create a more equitable and just workplace for everyone.
Conclusion
Goldman Sachs’ “Raise 2025” initiative is a comprehensive and ambitious effort to promote diversity and inclusion within the firm and across the financial industry. The initiative is important for creating a more equitable and just workplace, as well as for improving the performance of the industry as a whole.
The success of “Raise 2025” depends on the commitment of everyone at Goldman Sachs. By working together, we can create a more diverse and inclusive workplace where everyone feels valued and respected. This will not only benefit Goldman Sachs, but the entire financial industry and the communities we serve.
