Target Backs New Racial Equity Fund With $1M

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Target Backs New Racial Equity Fund With $1M

By Gina Acosta - 10/30/2020
Target Backs New Racial Equity Fund With $1M
The NREI will focus specifically on areas like education, economic opportunity and law enforcement.

Target is ramping up its work to advance racial equity by pledging $1 million to the Congressional Black Caucus Foundation’s (CBCF) new National Racial Equity Initiative.

With work specifically in areas such as education, economic opportunity and law enforcement, the new pledge aligns with the goals outlined within Target’s Racial Equity Action and Change (REACH) committee’s Civic Engagement and Public Policy area of focus.

“As our Racial Equity Action and Change committee works to create lasting change for Black team members, guests and communities, we are listening, learning and co-creating solutions with the Black community and leaders around the country,” says Laysha Ward, executive vice president and chief external engagement officer at Target. “The Congressional Black Caucus Foundation’s National Racial Equity Initiative for Social Justice will apply data, research and analysis to advance civic engagement and policies. Together, we’ll work to address systemic racism, ensuring that this moment is a sustained movement with meaningful outcomes.”

Over the next few years, the NREI will focus specifically on areas like education, economic opportunity and law enforcement—all of which closely aligns with the work Target’s REACH committee is driving through its Civic Engagement and Public Policy efforts. And along with the funding, Target's team will offer the CBCF their perspective and counsel as the work takes shape. The initiative also will help to establish social justice scholarships for students attending Historically Black Colleges and Universities.

Target has been at the forefront of racial equity efforts in the grocery industry since the social unrest that gripped the nation earlier this year.

Recently Kroger released a new diversity plan. Kroger's Framework for Action: Diversity, Equity & Inclusion (DE&I) plan features both immediate and longer-term steps developed in collaboration with associates and leaders to accelerate and promote greater change in the workplace and in the communities that the organization serves.

"As America's grocer, Kroger is driven to bring Americans together as an employer, grocery provider and community partner, representing Our Purpose to Feed the Human Spirit," said Rodney McMullen, Kroger's chairman and CEO. "Over the last several months, we've listened closely to our half a million associates and countless communities across the nation. It's never been clearer that our collective energy is necessary to achieve true and lasting equality.”

Kroger's plan features five focus areas: Create More Inclusive Culture, Develop Diverse Talent, Advance Diverse Partnerships, Advance Equitable Communities, and Deeply Listen and Report Progress.

Target operates more than 1,800 stores, 39 distribution centers and Target.com.