JPMorgan CEO Jamie Dimon has reaffirmed the bank's commitment to diversity, equity, and inclusion (DEI) initiatives despite facing pressure from activist shareholders. At the World Economic Forum in Davos, he emphasized the firm’s ongoing outreach efforts to various communities, which align with JPMorgan's $30 billion racial equity program launched in 2020. The recent call from the National Legal and Policy Center for the bank to reassess executive compensation tied to racial equity goals highlights growing scrutiny. Dimon maintains that JPMorgan will continue to pursue its DEI agenda regardless of external pressures.
"Bring them on, we are going to continue to reach out to the Black community, the Hispanic community, the LGBT community, the veterans community."
In 2020, JPMorgan announced a $30 billion program aimed at working on racial equity in personal finance, a move that came as other financial institutions made similar commitments.
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