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Mastercard Promises to Increase Black Leadership by 50% by 2025

Mastercard Inc. credit and debit cards are arranged for a photograph in Arlington, Virginia, U.S. on Monday, April 29, 2019. Mastercard Inc. is scheduled to release earnings figures on April 30.
Photographer: Andrew Harrer/Bloomberg

Mastercard Inc. vowed to improve the diversity of its leadership ranks, saying it plans to increase the number of Black leaders at the vice president level and above by 50% by 2025.

The firm will also conduct a review of payments and “adjacent ecosystems” for biases and inequities in how it serves Black communities, Chief Executive Officer Ajay Banga and President Michael Miebach said in a memo to employees Thursday. The company also promised to promote human rights in the use of its network, particularly for issues affecting the Black community.