Costco is standing on business! The major food company is not about to let anyone convince them to reevaluate their DEI policies to align with the new administration. Instead, they’re pushing back.
According to the Associated Press, the National Center for Public Policy Research submitted a proposal arguing that Costco’s DEI initiatives pose “litigation, reputational, and financial risks to the company, and therefore financial risks to shareholders.” However, Costco doesn’t agree.
Costco’s board of directors voted unanimously to ask shareholders to reject the motion, stating that the board believes “our commitment to an enterprise rooted in respect and inclusion is appropriate and necessary. The report requested by this proposal would not provide meaningful additional information.” The company went on to say that due to its DEI policies, it has fostered “creativity and innovation in the merchandise and services that we offer,” which has led to greater customer satisfaction among Costco members.
Costco’s move is quite different from what we’ve seen from other big consumer brands, including Walmart, McDonald’s, and John Deere.
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As we previously reported, Walmart’s decision to dial back its diversity, equity, and inclusion (“DEI”) programs may have been widely celebrated by conservatives; however, some shareholders and Democratic officials are pushing back, and some customers have expressed their dissatisfaction with the company.
Since returning to office for a second term, President Donald Trump has ordered that all US government staff working on diversity, equity, and inclusion (DEI) initiatives be put on immediate paid administrative leave. It’s his attempt to end what he calls the “dangerous, demeaning, and immoral” programs.
As of right now, it is unclear how many people are affected by the order, according to the American Federation of Government Employees (AFGE), which represents 800,000 federal workers.
