12:02 PM EDT, 08/28/2024 (MT Newswires) -- Ford Motor ( F ) will change its diversity, equity and inclusion policies and end participation in a ranking by an LGBTQ advocacy group, Bloomberg reported Wednesday, citing an internal e-mail by Chief Executive Jim Farley.

"We are mindful that our employees and customers hold a wide range of beliefs," Farley said in the e-mail, which was shared with Bloomberg by anti-DEI activist Robby Starbuck. The company confirmed to Bloomberg that the e-mail was authentic, according to the report.

"The external and legal environment related to political and social issues continues to evolve," Farley reportedly said.

The car maker will no longer engage with the Human Rights Campaign's Corporate Equality Index and various "best places to work" lists, according to the report.

Starbuck said he was probing Ford's policies prior to the announcement, Bloomberg reported. Ford declined to comment beyond the memo, according to the report.

The company didn't immediately respond to MT Newswires' request for comment.

Ford shares were down 1% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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