Roche abandons global diversity targets on concern over U.S. executive orders [CNBC]
ROCHE HOLDING LTD S/ADR (RHHBY)
NASDAQ:AMEX Investor Relations:
roche.com/investors.htm
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Source: CNBC
Among measures taken, Roche said its Chief Diversity Offices in the U.S. and at its Basel headquarters “will focus on inclusion and belonging, and responsibilities will be re-scoped accordingly”. Diversity was not mentioned under the Offices' new remit. According to a memo to global staff made available to Reuters, the changes were made to ensure that Roche “can continue to deliver medicines and diagnostic solutions to patients”. A number of U.S. companies have been scaling back diversity, equity and inclusion programs since U.S. President Donald Trump declared some elements of DEI illegal and threatened possible investigations into firms that practice it. Among companies not headquartered in the United States, Swiss bank UBS this week scrapped references to establishing women in management roles and hiring employees from ethnic minority backgrounds from its 2024 annual report. Roche said the changes would also take effect outside the United States “because our global program
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