Did Costco just reset the narrative around DEI?

Quick Summary:

In contrast to a slew of companies, the warehouse retailer has forcefully rejected an anti-DEI shareholder proposal as bad for business.

Even as anti-DEI campaigns have surged, most companies have held on to their diversity policies because they foster good decision-making and are conducive to their business goals.

Supreme Court’s rollback of affirmative action in college admissions; and the fact that several companies have retreated from their DEI efforts.“It's clear that DEI holds litigation, reputational and financial risks to the Company, and therefore financial risks to shareholders,” the organization stated.

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Article Details

Author / Journalist: Daphne Howland

Category: EconomyBusiness

Markets: United States

Topics: Business Costco Board Statement Kind Retailer Companies Policies Shareholders Diversity Costco’s

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-03 @ 10:48:00 (6 days ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 1179 words

Reading Time: 7 minutes read

Sentences: 39 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 24960443

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