Deere investors voted against a resolution that sought transparency on the company’s diversity, equity, and inclusion (DEI) efforts, with only 1.3% of votes in support. This decision aligns with a broader trend among investors pushing back against anti-DEI initiatives, despite increased political pressure from conservative groups. Earlier this year, Deere became one of the first major U.S. companies to backtrack on its support for initiatives like LGBTQ+ pride events, mirroring a national decline in corporate DEI support amidst threats from the Trump administration. In contrast, other firms like Apple continue to garner investor support for their DEI policies.
"During a webcast of its annual meeting, executives with the farm equipment maker said only 1.3% of votes cast were in support of a resolution calling on the company to report on racial and gender hiring statistics 'to prove it does not practice discrimination.'"
"Numerous other U.S. companies have retreated from DEI in recent months, particularly as the Trump administration has stepped up threats to companies and institutions that engage in those efforts."
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