Goldman Sachs at CGI: Investing in Women for the "Highest ROI"

Sep 26, 2009 7:00 AM ET

That's what Lloyd C. Blankfein, Chairman and CEO, Goldman Sachs told us today. That providing business and management education to women in developing and emerging economies meets a "great need" for "enormous [investment] returns" and provides a "wide open area for us [GS] to go." He says that the firm's goal of helping 10,000 women is just the beginning.

GS's CSR investment in 10,000 women has the key ingredients for a successful CSR program: alignment with company goals and objectives; research and metrics to demonstrate need and progress; partnerships and alliances; employee engagement; and leadership from the CEO.

I have spent 16 hours at CGI, more than half of them interviewing C-suite corporate executives, always asking them, "How is your corporate social responsibility (CSR) initiative in the interest of shareholders, and how does your board of directors feel about it?" In my posts from CGI, I will share their perspectives on this matter.

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