Diversity is Not a Cost Center

Since George Floyd’s death, many banks have leapt forward with billions in pledges to communities of color. Those actions should be praised, but lenders must look beyond addressing racial diversity and economic inequality with charity if they want to thrive in a changing America.

Do Well by Doing Good

While the banking and real estate industries may have played substantial roles in perpetuating racial inequalities in America, that doesn’t mean firms today have to resort to charity to help heal those wounds.