Diversity manifests itself differently in different parts of the world, but we will pursue it across the globe. For example, in the UK today, we announced that we were signing the “Race at Work Charter” led by The Prince’s Responsible Business Network, committing to measure, disclose and advance ethnic and racial diversity and equality in our UK workforce. So while some of the immediate actions outlined in this memo are focused on the US, we plan to execute against each of our three major pillars globally. Our commitment to racial equity and inclusion extends to every market in which we operate. Policy and Social Impact in the Communities Where We Operate.Our Role as a Fiduciary on Behalf of our Clients. Today, we want to provide an update on the firm’s action plan in three key areas: Progress will require a long-term effort with sustained focus and persistence. We don’t have all the answers today, but we are moving forward with a strong sense of purpose and resolve, and we will continue to learn and adapt. BlackRock should reflect the rich diversity of our clients. So, change must start here at BlackRock, and we know we have a great deal of work to do. This commitment to make change is core to our purpose, to who BlackRock is and the difference we can make in the world. It is also something our clients are looking for us to do. We wrote to you three weeks ago about the need to take meaningful action to accelerate BlackRock’s commitment to racial equity. Since then, colleagues across the firm have been engaging in a powerful dialogue about what we can and should be doing as individuals, a firm and an industry to help drive real change.
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