In a notable shift, BlackRock, the largest asset manager globally, has eliminated all references to diversity, equity, and inclusion (DEI) from its annual report due to political criticism. This decision reflects the broader trend among American corporations responding to political pressures against 'woke' policies. The firm has substituted the DEI section with a focus on 'connectivity and inclusivity,' emphasizing attraction of top talent as a business priority. Moreover, it has ceased mentioning gender and ethnicity breakdowns of its workforce, sparking concerns about a retreat from previously championed progressive values.
BlackRock's shift away from DEI language comes amid pressure from political factions, reflecting a broader trend among companies responding to accusations of 'woke' practices.
The firm has reframed its DEI initiatives as 'connectivity and inclusivity' in its annual report to align better with business priorities and reduce political backlash.
Statements from BlackRock emphasize the importance of fostering diverse perspectives to enhance business decision-making and avoid the pitfalls of groupthink.
Critics have pointed out that the omittance of demographic breakdowns of employees and explicit DEI language signifies a worrying trend of corporations retreating from progressive values.
Collection
[
|
...
]