Molson Coors Beverage Company launched an initiative to provide a total of $1.5 million in grants to BIPOC (Black, Indigenous and People of Color) organizations dedicated to fighting for equity, empowerment, justice and community building in North American breweries and their respective households.
The announcement coincides with the release of the company’s annual environmental, social and governance report, which details the progress it made in 2021 toward its people and planet goals.
Since 2020, Project Justice has been committing nearly $4.5 million in support of dozens of nonprofits and community organizations. This year, Project Justice will spend more than $500,000 in grants to fund projects that enable students from underserved communities to meet their financial needs in order to successfully complete their college degrees.
“As a company, we strongly believe that equitable access to higher education and mentoring opportunities are crucial to closing the opportunity gap among BIPOC students in underserved communities,” noted Molson Coors President and CEO Gavin Hattersley. “This year, we are proud to invest in more than 20 institutions dedicated to addressing educational disparities and creating a more diverse pipeline of future employees and leaders,” he added.
Black and brown students have lower five-year college graduation rates than white students, according to the National Center for Education Statistics. As these students take longer to complete their degrees, they take on more debt, which ultimately affects their earning potential.
“Our goal is to help build career paths that lead from education to employment,” he said. This company is partnering with more than 20 higher education organizations in Chicago, Denver and Milwaukee.
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