PwC outlines new plan on racial equity, building trust in business

A slew of corporations over the last year made promises to help build a more equitable future, pushed to action by sustained protests demanding racial equity. Consumers and investors alike are looking for action to back up rhetoric.

What’s new: PwC, a professional services firm, provided Axios an early look at a new global strategy announced this morning that aims to reimagine business’ role in society. A cornerstone of the plan is putting $300 million toward education and racial equity programs.

Why it matters: As cultural polarization and political gridlock have become American staples, corporations have increasingly taken more visible stands — and what consumers expect from them has grown.

The details: PwC committed $125 million to providing 25,000 Black and Hispanic college students with high-demand digital and career readiness training, up-skilling, mentorship and pathways to help start their careers.

  • The firm plans to ultimately hire 10,000…

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