Wednesday, September 21, 2022
HomeWealth ManagementBlackstone Pledges to Rent 2,000 Refugees at Portfolio Firms

Blackstone Pledges to Rent 2,000 Refugees at Portfolio Firms


(Bloomberg)—Blackstone Inc. vowed to rent 2,000 refugees throughout its portfolio firms and actual property properties worldwide, together with 1,500 within the US.

The agency is becoming a member of Tent, a nonprofit community of main firms dedicated to supporting refugees, New York-based Blackstone mentioned Tuesday in an announcement. The choice-asset supervisor mentioned it has already employed 500 displaced individuals from nations together with Afghanistan, Ukraine, El Salvador and Guatemala.

“Numerous groups reinforce firms,” Chief Government Officer Steve Schwarzman mentioned within the assertion.

Blackstone, with $941 billion of property below administration, mentioned it has additionally employed 100,000 veterans as a part of its broader Profession Pathways program designed to foster variety and financial mobility and take away conventional boundaries to employment.

Employers “will profit from welcoming these hard-working, loyal and resilient people,” Tent founder Hamdi Ulukaya, who’s additionally CEO of yogurt maker Chobani, mentioned within the assertion. “As refugee crises begin to fade from the headlines, I hope that firms will acknowledge that hiring refugees just isn’t solely the proper factor to do, but in addition the sensible factor to do.”

–With help from Daybreak Lim.

© 2022 Bloomberg L.P.

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