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Roz Brewer is used to stepping around broken glass. She was Walmart’s first Black and first woman business unit leader; Starbucks’ first Black and first woman COO; and, with Tuesday’s announcement that she be taking the reins as CEO of the drugstore chain Walgreens Boots Alliance, she is now the only Black woman currently serving as a Fortune 500 CEO. This announcement also makes her just the third Black woman to lead a Fortune 500 firm in history.
While she’s been the first many times, Brewer has been working hard to ensure she’s not the only or the last. We recommend listening to her 2018 speech at Spelman College (her alma mater). Brewer speaks openly about the bias and challenges she’s faced as one of the very few Black women in corporate leadership.
Another takeaway from Brewer’s legacy of leadership is her advice to women in business. Recognizing that many women experience bias and discrimination, Brewer said know your voice matters. “You’re going to get it wrong sometimes, and there are some ways to clean up your mistakes. First of all, admit that you made the mistake. But, keep using your voice.”
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| "I swore never to be silent whenever and wherever human beings endure suffering and humiliation. We must take sides. Neutrality helps the oppressor, never the victim. Silence encourages the tormentor, never the tormented." |
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- Elie Wiesel, Wednesday was International Holocaust Remembrance Day.
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| Increase in Advisers Considering ESG Factors in Every Portfolio |
| There has been a clear and significant shift in ESG investing strategies in the US. More than three-quarters of surveyed fund advisers reported seeing clients putting more money into ESG strategies relative to three years ago. A strong 37% of US advisers consider ESG factors in every portfolio. |
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| INCLUSIVE ENTREPRENEURSHIP |
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| Best in Business Awards |
| Inc. is honoring the companies making a positive difference in this extraordinary time with a new award. The Best in Business Awards celebrate companies of all sizes making a big impact on their industries, their communities and our world. |
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| Women and Minority Founders Still Vastly Underfunded |
| While there have been signs of incremental progress over the past few years, insights from RateMyInvestor and Diversity VC suggest there's a long way to go in achieving equitable funding. Data found that VC-backed startups are still significantly male (89%), white (71%), based in Silicon Valley (35%) and Ivy League-educated (13%). |
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| More Than 60 Global Businesses Announce Commitment to Transparency |
| At the annual Davos gathering—taking place virtually this year—more than 60 global companies announced they have signed onto a commitment to transparently report their positive and negative impacts on the environment and society to increase accountability and better inform ESG focused investors. |
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