Target ends DEI programs (2025)
| Environmental, social, and corporate governance |
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Two groups—the National Center for Public Policy’s Free Enterprise Project and the National Legal Policy Center—have filed shareholder proposals opposing DEI projects and executive pay incentives at large banks. The CEOs of J.P. Morgan and Goldman Sachs said Jan. 22 they opposed the proposals and would continue to promote DEI efforts.
The decision by J.P. Morgan and Goldman Sachs to maintain their DEI initiatives breaks from the choices of other companies (including Target in the next section) that have scaled back such programs.
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In television appearances Wednesday, the chief executive officers of the two New York-based firms said they’re going to continue to focus on programs to promote diversity, equity and inclusion in their workforces and customer bases even as shareholder activists push them to change course. “Bring them on,” JPMorgan CEO Jamie Dimon said in a CNBC interview at the World Economic Forum in Davos, Switzerland. Dimon said that working to include marginalized groups in JPMorgan’s business is good for its bottom line and that he regularly receives praise for the bank’s DEI efforts from community leaders and local government officials across the country. “We’re going to continue to reach out to the Black community, the Hispanic community, the LGBT community, the veterans community,” he said.[1] |
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See also
- Environmental, social, and corporate governance (ESG)
- Economy and Society: Ballotpedia's ESG newsletter
External links
Footnotes
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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