Feb 26 (Reuters) - Deere investors voted
overwhelmingly against a resolution aimed at its diversity,
equity and inclusion efforts on Wednesday, continuing a pattern
of shareholder distaste for anti-DEI measures despite Republican
political pressure on executives.
During a webcast of its annual meeting, executives with the
farm equipment maker said only 1.3% of votes cast were in
support of a resolution calling on the company to report on
racial and gender hiring statistics "to prove it does not
practice discrimination."
The resolution was filed by the National Legal and Policy
Center, a conservative-leaning Washington think tank that has
opposed many corporate diversity efforts. Two other resolutions
aimed at restricting social action by Deere won similarly low
levels of support.
Deere's meeting was closely watched because in July it
became one of the first major U.S. companies to back away from
supporting programs such as LGBTQ+ pride events.
Numerous other U.S. companies have retreated from DEI in
recent months, particularly as the Trump administration has
stepped up threats to companies and institutions that engage in
those efforts.
But many investors and executives see DEI efforts as
necessary to address underrepresentation of certain populations
in management roles. On Tuesday, Apple investors voted in
defense of the company's DEI policies, as did Costco investors
in January.