financetom
Business
financetom
/
Business
/
Factbox-US companies tweak diversity policies as challenges mount
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Factbox-US companies tweak diversity policies as challenges mount
Aug 29, 2024 3:02 AM

(Reuters) - More U.S. companies are modifying their diversity, equity, and inclusion (DEI) programs meant to boost racial and ethnic representation at workplaces amid rising pressure from conservative groups.

At least six major U.S. companies, including JPMorgan Chase ( JPM ), 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 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 ( TSCO ) also said it would eliminate DEI

roles and retire its current DEI goals.

Deere The company in July said that 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-Dav In August, the motorcycle manufacturer said it

idson would not participate in the HRC survey and had

ended its DEI initiatives.

Brown-Form The Jack Daniel maker has said it would ensure

an that 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 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 fair.

(Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Sriraj Kalluvila)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US tests radar that could link into Golden Dome to detect China, Russia threats
US tests radar that could link into Golden Dome to detect China, Russia threats
Jun 24, 2025
WASHINGTON, June 24 (Reuters) - The Pentagon has successfully tested a long-range radar in Alaska that can detect missile threats from Russia or China, and could someday serve as a sensor in the Golden Dome missile defense shield. The Long Range Discrimination Radar successfully acquired, tracked, and reported missile target data, the Pentagon said on Tuesday. These are key tasks...
BigBear.ai (BBAI) Stock Soars 21%: What's Going On?
BigBear.ai (BBAI) Stock Soars 21%: What's Going On?
Jun 24, 2025
Shares of BigBear.ai Holdings Inc ( BBAI ) are trading sharply higher Tuesday afternoon, up some 21% to $5.06. The rally comes without any new company-specific announcements, suggesting the upward momentum is potentially building upon recent positive developments and overall market strength. What To Know: Last week, the AI solutions provider confirmed it had deployed its biometric passenger processing software...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Market Chatter: EU Says Baseline Trump Tariff Still Warrants Retaliation
Market Chatter: EU Says Baseline Trump Tariff Still Warrants Retaliation
Jun 24, 2025
01:34 PM EDT, 06/24/2025 (MT Newswires) -- The European Union intends to levy retaliatory tariffs on Boeing ( BA ) aircraft and other US imports if President Donald Trump imposes a baseline tariff on the bloc's goods, Bloomberg reported Tuesday, citing an interview with an EU official. (Market Chatter news is derived from conversations with market professionals globally. This information...
Copyright 2023-2026 - www.financetom.com All Rights Reserved