(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 (NYSE: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 (NASDAQ:SBUX) 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 (NASDAQ:TSCO) also said it would eliminate DEI
roles and retire its current DEI goals.
Deere (NYSE:DE) 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 (NYSE:LOW) 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.