Adidas finances 50 black university scholarships annually
Adidas commits to financing 50 scholarships each year for black employees at universities over the next five years.
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yahoo.com
The company had said it would invest $20 million in programs that support black communities; invest in university scholarships for black employees by financing 50 scholarships each year during the next five years; and increase its number of black employees by committing to filling 30% of all new positions in the U.S. at Adidas and owned-brand Reebok with black and Latinx talent.
Yesterday, in an internal memo obtained by FN — and now posted on the brand's corporate site — Adidas CEO Kasper Rorsted and the company's board of directors had outlined three immediate steps they planned to take in order to address purported racial disparities at the company. The company had said it would invest $20 million in programs that support black communities; invest in university scholarships for black employees by financing 50 scholarships each year during the next five years; and increase its number of black employees by committing to filling 30% of all new positions in the U.S. at Adidas and owned-brand Reebok with black and Latinx talent.