April 28 (Reuters) - Levi Strauss shareholders
voted against a proposal for the company to end its diversity,
equity and inclusion (DEI) efforts, it disclosed in a filing on
Monday.
The proposal comes amid U.S. President Donald Trump's push
to dismantle the practice across the federal government and
private sector, following an executive order in January.
Over the past year, major companies including Walmart ( WMT )
, Target ( TGT ) and Amazon.com ( AMZN ) have rolled back
their DEI policies, aimed at women, ethnic minorities, LGBTQ+
people and other traditionally underrepresented groups.
More than 99% of Levi Strauss' shareholders voted against
the proposal at the annual meeting of shareholders held on April
23, the filing said.
Similarly, in January, more than 98% of Costco Wholesale ( COST )
shareholders voted against a proposal requesting a
report on the risks of maintaining its diversity and inclusion
initiatives.
Levi Strauss had posted its quarterly profit ahead of
estimates and had maintained its annual sales and profit
forecast earlier this month.