Establishing a new microbusiness fund.
It will support businesses owned by women of color.
“Diversity makes our business better. It helps people feel valued, and it helps us understand and reach the wide array of customers we serve. We focus on diversity, equity and inclusion (DEI) because it’s the right thing to do. It’s core to who we are, and it allows us to achieve our full potential as an organization.”
U.S. Bank Chairman, President and CEO
Last year, we elevated the chief diversity officer role, held by Greg Cunningham, to our Managing Committee. Greg now reports directly to the CEO. Greg, who joined our company in 2015, has been recognized as one of the Top Executives in Corporate Diversity by Black Enterprise, has been named to the EBONY Power 100 and has spoken at national events such as The Atlantic Festival.
“I have never had greater clarity of my role. Our purpose as an organization is to power human potential. My job, quite simply, is to make sure that holds true for everybody,” he said.
In February 2021, we launched U.S. Bank Access Commitment™, a long-term approach led by our Diversity, Equity and Inclusion team bringing together the strengths of U.S. Bancorp Community Development Corporation, corporate social responsibility and our business lines to help build wealth while redefining how we serve diverse communities and provide more opportunities for diverse employees.
The work builds on a $116 million commitment including increased supplier spend, innovative products, services and customer experiences, and long-term place-based partnerships with the goal of addressing the persistent racial wealth gap, starting with the Black community.
The $30 million bond will support housing developers of color.
Chicago branch is in first officially recognized LGBTQ+ neighborhood in the U.S.
The report details our work toward addressing racial inequities.