Apple’s Racial Equity and Justice Initiative Surpasses $200 Million in Investments, Doubling Initial 2020 Commitment

Apple has announced an additional investment of $25 million in venture capital to expand its support for businesses owned by people from minority communities and to address the systemic barriers that hinder access to funding. This investment is part of Apple’s Racial Equity and Justice Initiative (REJI), which is a long-term global effort to promote equity and create opportunities for underrepresented communities, including Black, Hispanic/Latinx, and Indigenous people. Since the launch of REJI in June 2020, Apple has been supporting education, economic empowerment, and criminal justice reform work in the United States, and has recently expanded its efforts to Australia, the United Kingdom, and Mexico. The initiative aims to eliminate systemic barriers to access, create new opportunities, and provide funding to support under-resourced communities and businesses of color. Through REJI’s education grants, Apple has impacted over 160,000 learners through in-person courses and out-of-school offerings, while also committing over $50 million to Historically Black Colleges and Universities (HBCUs) and Hispanic-Serving Institutions (HSIs) to promote opportunities in science, technology, engineering, arts, and math.

resource: https://esgnews.com/apples-racial-equity-and-justice-initiative-surpasses-200-million-in-investments-doubling-initial-2020-commitment/

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