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    StockNews24StockNews24
    Home » Factbox-US companies tweak diversity policies as challenges mount By Reuters
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    Factbox-US companies tweak diversity policies as challenges mount By Reuters

    userBy userJanuary 11, 2025No Comments3 Mins Read
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    (Reuters) – Meta Platforms (NASDAQ:) and Amazon.com (NASDAQ:) have joined a growing number of U.S. companies in scaling back their diversity, equity, and inclusion (DEI), meant to boost racial and ethnic representation at workplaces against the backdrop of rising pressure from conservative groups.

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

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

    Company Statement

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

    for an executive compensation plan that dropped

    a bonus related to DEI goals.

    Tractor The company in late June said that it would no

    Supply longer submit data to the Human Rights Campaign

    (HRC), which advocates for LGBTQ rights.

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

    roles and retire its current DEI goals.

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

    participate in or support external social or

    cultural awareness parades, festivals, or

    events. The farm equipment maker also

    reaffirmed that the existence of diversity

    quotas and pronoun identification have never

    been and are not company policy.

    Harley-David In August, the motorcycle manufacturer said it

    son would not participate in the HRC survey and had

    ended its DEI initiatives.

    Brown-Forman The Jack Daniel’s maker said it would ensure

    executive incentives and employee goals are

    tied to business performance, end participation

    in the HRC survey and scrap its quantitative

    workforce and supplier diversity goals.

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

    participate in HRC surveys and will combine its

    various business resource groups that represent

    diverse employees into one umbrella

    organization. Lowe’s said in August it would

    not sponsor or participate in community events

    such as parades, festivals, or fairs.

    Ford Motor (NYSE:) The automaker said it will change its DEI

    program, including ending participation in an

    LGBTQ advocacy group’s ranking system.

    Molson Coors (NYSE:) The beer maker said it will end participation

    Beverage in the HRC index, and will tie executive

    incentives to business performance and not

    aspirational representation goals beginning

    next year.

    Boeing (NYSE:) The planemaker has dismantled its global

    diversity, equity and inclusion department

    according to Bloomberg News. Boeing’s diversity

    vice president Sara Liang Bowen announced in

    October on LinkedIn that she had left the

    company.

    Walmart (NYSE:) The retail bellwether will no longer consider

    race and gender to boost diversity when

    granting supplier contracts and is scaling back

    racial equity training. Walmart is also

    stopping participation in rankings by HRC and

    also reviewing its support for Pride and other

    events.

    The social media company ended its DEI

    Meta programs, including those for hiring, training

    Platforms and picking suppliers.

    The ecommerce giant was “winding down outdated

    Amazon.com programs and materials” as part of a review of

    hundreds of initiatives, according to a memo

    sent to employees in December.





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