Month: April 2023

By Mary Bruce Alford, Hope Credit Union 

When looking to meaningfully address the gender and racial wealth gap, investors should consider parking their funds at financial institutions like HOPE Credit Union (HOPE) that are in the communities where this work needs to happen. HOPE’s priorities and the reality of our borrowers have not changed over the last few years. We still need these deposits to fuel growth in deploying capital to disadvantaged communities.

If you’re a financial advisor and your clients would like to invest to close the equity gap for women and/or communities of color, have a deliberate conversation about what kinds of returns are reasonable from these investments to make progress. Some minority depository institutions have raised interest rates to follow market trends for CDs. For these institutions located in Chicago, New York, or Los Angeles with greater population density, core deposits are more prevalent than in rural towns across the Deep South.

An analysis by McKinsey and Company found that closing the racial wealth gap would add between $1 to $1.5 trillion in economic activity over the next 10 years through job creation and income gains. By stopping to consider the full benefits of moving low-cost capital to depositories advancing access to capital for minority and women-owned businesses as well as access to homeownership to build wealth, investors can make a truly meaningful yet low-risk contribution towards making this vision a reality.

Read the complete article – https://greenmoney.com/three-ways-financial-advisors-can-advance-racial-and-gender-equity

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Sustainability at SAP became a long-term strategic goal in 2009. Ever since this commitment, SAP has prioritized a combination of economic performance, environmental protection, and social responsibility to make businesses sustainable. SAP is committed to achieving net zero along our value chain in line with a 1.5°C future in 2030 – 20 years earlier than the original target. To look to the future though, we must address sustainability today.

As world-class, sustainable programs, SAP events align to the dual goals of the sustainability strategy: for SAP to be both an exemplar and an enabler. First, SAP leads by example by integrating and continuously improving our operational sustainability. Then, we produce session content dedicated to innovative solutions that enable our customers and partners to accelerate their journeys to have greater positive economic, environmental, and social impact.

SAP Sapphire in 2023 will host customers, partners, and SAP experts to explore new ideas and the best solutions to future-proof businesses. This year’s SAP Sapphire will tour the world, stopping in Orlando (May 16–17), Barcelona (May 24–25), and Sao Paulo (June 1–2), as well as offer a free virtual event (May 16–17). This flagship event reflects the sustainability values outlined in SAP’s Global Environmental Policy and is built on a foundation of consistent, high-impact sustainable practices. Although each of our four venues is unique, our global community will come together at events that demonstrate the principles of reuse, reduce, and recycle:

Reuse

Focus on use of renewable energy sources, including solar, wind, hydraulic, biomass, tidal, geothermal, and biogas.Donate food surpluses to the community to help feed those in need and create compost.

Reduce

Replace single-use plastics with reusable, compostable, recyclable material.Exchange meat-heavy menus with locally sourced vegetarian and vegan options.

Recycle

Include clearly marked receptacles throughout venues.Partner with the Eden Reforestation Project.

The reality is that ‘future-proof’ is a way of operating. It’s built into how we do our business. SAP Sapphire is committed to practicing and promoting sustainable business now and for what’s next.

Join us online or in person this year and see for yourself – learn more about SAP Sapphire.