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In our 50-plus years as a company, it rings true more each year that the worlds challenges are our challenges. The global health crisis has tested all of us in recent months, and the racial violence in the U.S. in particular, the murder of George Floyd is tragic, painful and unacceptable.
Today, on what would have been our Associate and Shareholder Celebration, well come together during our Friday Afternoon Meeting to talk about a number of things. But I didnt want to wait until then to share with you some important decisions weve made about how we will move forward together in the fight for greater racial equity inside and outside Walmart.
Inside the company, our work to recruit, develop and support African Americans and other people of color will be even more of a priority. We need each of you to actively partner to identify and work with your leaders to bring in great talent to the company. We want all of you to exercise your voice to make every part of our company even better.
To influence and lead change in society more broadly, we are going to invest resources and develop strategies to increase fairness, equity and justice in aspects of everyday life. We will find the natural overlaps between Walmarts core business and societys larger needs that perpetuate racism and discrimination. Specifically, were going to focus the power of Walmart on our nations financial, healthcare, education and criminal justice systems.
In addition to leveraging our business to drive these outcomes, Walmart and the Walmart Foundation are committing $100 million over five years through a new center on racial equity. The goal of the center will be to address systematic racism in society head-on and accelerate change. Through the $100 million commitment, the center will support philanthropic initiatives that align with the four key areas noted above. The center will seek to advance economic opportunity and healthier living, including issues surrounding the social determinants of health, strengthening workforce development and related educational systems, and support criminal justice reform with an emphasis on examining barriers to opportunity faced by those exiting the system.
As an associate at Walmart, you are expected to truly, authentically and more deeply embrace inclusion. We must work together to actively shape the culture to be more inclusive and not just accept our differences but celebrate them all the time within every team.