Factbox-US companies tweak diversity policies as challenges mount By Reuters

MT HANNACH
4 Min Read
Disclosure: This website may contain affiliate links, which means I may earn a commission if you click on the link and make a purchase. I only recommend products or services that I personally use and believe will add value to my readers. Your support is appreciated!

(Reuters) – Meta Platforms (NASDAQ:) and Amazon.com (NASDAQ:) have joined a growing number of U.S. companies to reduce their diversity, equity and inclusion (DEI), in an effort to boost representation racial and ethnic in the workplace. amid growing pressure from conservative groups.

At least six major U.S. companies, including JPMorgan Chase (NYSE:), changed their DEI policies last year, according to a Reuters review of company filings.

Here is a list of companies that have either dropped the DEI program or made changes to certain policies in 2024:

Company Statement

Starbucks (NASDAQ:) In March, the coffee giant’s shareholders voted

for an executive compensation plan that has fallen

a bonus linked to DEI objectives.

Tractor The company declared at the end of June that it would not

Provide more data to submit to the Human Rights Campaign

(HRC), which defends LGBTQ rights.

Tractor Supply (NASDAQ:) also said it would eliminate DEI

roles and remove its current DEI goals.

Deere (NYSE:) The company said in July that it would not

participate in or support social activities or

cultural awareness parades, festivals or

events. The manufacturer of agricultural equipment also

reaffirmed that the existence of diversity

quotas and pronoun identification have never

have not been and are not a company policy.

Harley-David In August, the motorcycle maker said

his son did not want to participate in the HRC investigation and had

has ended its DEI initiatives.

Brown-Forman The maker of Jack Daniel’s has said it will guarantee

management incentives and employee goals are

linked to company performance, end of participation

in the HRC survey and abandon its quantitative data

workforce and supplier diversity objectives.

Lowe’s (NYSE:) home improvement chain will no longer be

will participate in HRC surveys and combine its

various business resource groups that represent

diverse employees gathered under one roof

organization. Lowe’s said in August that it would

not sponsor or participate in community events

such as parades, festivals or fairs.

Ford Motor (NYSE:) The automaker announced it would change its DEI

program, including terminating participation in a

LGBTQ advocacy group ranking system.

Molson Coors (NYSE:) The beer maker announced it would end its involvement

Drink in the HRC index, and will bind the executive

incentives for business performance and not

start of ambitious representation goals

next year.

Boeing (NYSE:) The aircraft manufacturer dismantled its global system

diversity, equity and inclusion department

according to Bloomberg News. The diversity of Boeing

Vice President Sara Liang Bowen announced in

October on LinkedIn that she had left

business.

Walmart (NYSE:) Retail barometer will no longer take into account

race and gender to promote diversity when

awards contracts with suppliers and reduces

racial equity training. Walmart is also

stop participation in HRC rankings and

also revising his support for Pride and others

events.

The social media company terminated its DEI

Meta-programs, including those for hiring, training

Platforms and supplier selection.

The e-commerce giant was ‘winding down obsolete operations’

Amazon.com Programs and Materials” as part of a review of

© Reuters. Mark Zuckerberg, Menlo Park, California, September 25, 2024. REUTERS/Manuel Orbegozo

hundreds of initiatives, according to a note

sent to employees in December.


Share This Article
Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *