Several US companies have rolled back diversity initiatives in response to pressure from conservative groups. However, some CEOs are publicly defending their firms’ policies.
Deutsche Bank’s CEO Christian Sewing is the latest executive to take a stand. In a press conference, he stated that DEI programs are “integral” to his company’s strategy and have brought significant benefits. If the legality of these programs were to change, Deutsche Bank might reassess its stance.
JPMorgan’s Jamie Dimon has also spoken out in support of his company’s DEI initiatives. Despite receiving criticism from activist shareholders, he remains committed to reaching out to underrepresented communities. “Bring them on,” he said, indicating that JPMorgan will continue to prioritize diversity and inclusion.
Goldman Sachs’ David Solomon expressed a similar sentiment, stating that his firm is advising clients on the importance of DEI programs in addressing business challenges. While he hadn’t reviewed shareholder proposals, Solomon emphasized the need for companies to consider these issues when doing business.
Other CEOs who have publicly defended their firms’ policies include Cisco’s Chuck Robbins and Costco’s Ron Vachris. Robbins stated that a diverse workforce is essential and that DEI initiatives are not a single issue, but rather part of a broader strategy. Vachris’s company has faced mounting pressure from conservative groups to walk back its policies, but nearly all shareholders rejected a proposal to report on the risks associated with DEI programs.
Despite growing criticism of diversity initiatives, these CEOs demonstrate a commitment to creating inclusive and diverse workforces. Their stance underscores the importance of balancing business needs with social responsibility.
Source: https://www.businessinsider.com/companies-supporting-dei-efforts-ceo-comments-2025-1