Two U.K. Companies Apologize, Pledge Donations Over Slavery Legacies

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Two U.K. companies are pledging to donate to charities helping Black and minority communities after a research project highlighted that founders of the companies profited from slavery.

, which first reported the story, estimates that Greene received the equivalent of £500,000 at today's rate.of Lloyd's, Simon Fraser, was shown to have received an equivalent of £400,000 for an estate on the Caribbean island of Dominica, according to the database and Telegraph estimates.company would substantially invest in black and minority communities and support diversity.

"It is inexcusable that one of our founders profited from slavery and argued against its abolition in the 1800s. While that is a part of our history, we are now focused on the present and the future," Mackenzie said in a statement sent to NPR."We don't have all the answers so that is why we are taking time to listen and learn from all the voices, including our team members and charity partners as we strengthen our diversity and inclusion work.".

"We are sorry for the role played by the Lloyd's market in the eighteenth and nineteenth century slave trade — an appalling and shameful period of English history, as well as our own. In acknowledging our own history, we also remain committed to focusing on the actions we can take today to shape our future into one that we can truly be proud to stand by," the statement said.

The apologies from Greene King and Lloyd's of London also come as anti-racist protesters, spurred on by the police killing of George Floyd, zero in on racist elements of U.K. history. Recent protests have targeted monuments to figures linked to the country's

 

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This has to be having Maggie Thatcher spinning in her grave.

Better than nothing, but patchwork charitable action isn't the answer--nationwide funding is. Ensure that n'hoods & public housing r clean, healthful, & safe; that parents earn a living wage; that kids have excellent schools; that food deserts are no more. EconomicJusticeNow

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