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Stock impact report

Beer maker Constellation Brands pulls back DEI initiatives [Yahoo! Finance]

Constellation Brands, Inc. (STZ) 
Last constellation brands, inc. earnings: 4/3 07:30 am Check Earnings Report
US:NYSE Investor Relations: cbrands.com/investors
Company Research Source: Yahoo! Finance
President Donald Trump's opposition to them. In January, Trump issued an executive order that directed federal agencies to terminate DEI programs and urged private companies to end "illegal DEI discrimination and preferences." Over the past year, major companies including Walmart, Target and Amazon.com have rolled back their DEI policies, aimed at women, ethnic minorities, LGBTQ+ people and other traditionally underrepresented groups. The brewer renamed its DEI team to inclusive culture team and changed its supplier diversity program to now focus on local small businesses instead of diverse suppliers, according to a statement by CEO Bill Newlands on its website. "As we're all fully aware, we are operating in an increasingly polarized and highly charged environment and a shifting legal landscape related to social and political issues," Newlands said. The Modelo Especial owner said it would end its participation in external surveys by an LGBTQ advocacy group and was pausing al Show less Read more
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