As part of BlackRock’s Emergency Savings Initiative (ESI), GXO and Commonwealth have partnered to support employee financial security by providing access to a high-quality emergency savings benefit and promoting emergency savings throughout GXO.

A growing number of employers recognize the connection between workplace emergency savings programs and employee financial wellness—and enable access to high-quality emergency savings benefits. GXO, a global leader in logistics and supply chain solutions, launched an emergency savings benefit for their workforce as part of BlackRock’s Emergency Savings Initiative.

“We set out to reach more employees and share valuable benefits that could make a profoundly positive impact for our people. This program gives individuals another way to plan for some of life’s unexpected turns while giving them the confidence they need to build a bright future.”

-Laura Gray, Vice President, Benefits, GXO

Meet Freda: Emergency Savings Helps Her Support Her Son’s Education

To understand the real-life impact of GXO’s emergency savings program, we sat down with Freda Tilme, a Senior Specialist in Human Resources with GXO, who used the benefit to start her own emergency savings account.

“We launched BlackRock’s Emergency Savings Initiative to strengthen the economic security of working Americans—both today and for the future. All of this is possible thanks to the partnership between The BlackRock Foundation, our non-profit partner Commonwealth, and employers like GXO Logistics, committed to their employees’ financial wellbeing. Freda represents so many Americans who are gaining a stronger financial foundation to plan for the future, thanks to employers embracing real-world solutions to benefit their employees.”

– Claire Chamberlain, Global Head of Social Impact at BlackRock and President of The BlackRock Foundation

 

About BlackRock’s Emergency Savings Initiative 

BlackRock’s Emergency Savings Initiative is a philanthropic program launched in 2019, when BlackRock announced a $50 million commitment to help people living on low- to moderate-income strengthen their economic security through a safety net of short-term savings. BlackRock’s support of this initiative was provided through grants from The BlackRock Foundation and The BlackRock Charitable Gift Fund. The size and scale of the savings problem require the knowledge and expertise of established industry experts who are recognized leaders in savings research and developing innovative interventions with real-world application. Led by its Social Impact team, BlackRock is partnering with innovative industry experts like Commonwealth in the US and Nest Insight in the UK, giving the initiative a comprehensive and multilayered approach to addressing the savings crisis.