Costco successfully defends its diversity policies as other US companies scale theirs back
apnews.com
Costco has claimed victory in pushing back on a shareholder proposal that urges the wholesale club operator to conduct an evaluation of any business risks posed by its diversity, equity and inclusion practices.

Summary

Costco is resisting a shareholder proposal urging an evaluation of potential business risks linked to its diversity, equity, and inclusion (DEI) practices. The proposal argues that Costco’s DEI initiatives pose litigation, reputational, and financial risks.

Costco believes its commitment to inclusion is essential and that the requested report would not provide valuable information. This stance contrasts with other major companies, which have scaled back DEI programs due to pressures from conservative groups and the Trump administration.

Costco’s support for DEI sets it apart from other companies facing similar pressures.

  • XtallllEnglish
    11·
    8 days ago

    I side with unions, but it is a little suspicious that the Teamsters who backed Trump in the election have voted to strike a company that refused to git DEI initiatives.