In Costco’s Defense Of DEI Efforts, Lessons For Business Leaders [Forbes]
Deere & Company (DE)
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Source: Forbes
Under pressure from activist investors to curtail its diversity, equity and inclusion initiatives, Costco's board chose to defend its DEI efforts, in contrast to other firms, like John Deere and Walmart, that have come under scrutiny by anti-DEI activists. Costco's stance came in response to a shareholder proposal submitted by a conservative think tank, demanding that Costco assess and publicly disclose the risks associated with its DEI policies and goals. The proposal alleged that Costco's DEI initiatives pose reputational, financial and litigation threats to the firm, which could hurt shareholders. The number of anti-DEI shareholder proposals, including the one filed against Costco, doubled from 15 in 2023 to 30 in 2024. Up to now, these proposals have garnered minimal support from the broader investor community, according to an analysis published in Harvard Law School Forum on Corporate Governance. However, anti-DEI activists have had a wave of success in getting several lar
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- Costco defends DEI program as other major retailers drop controversial diversity push [FOX Business Network]FOX Business Network
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