Ford Motor Company (NYSE: F) has decided to retract certain commitments to its diversity, equity, and inclusion (DEI) initiatives in response to the increasing opposition to DEI in corporate environments across America.”We respect the diverse beliefs of our employees and customers,” wrote Jim Farley, Ford’s CEO, in an internal email. “The evolving political and legal landscape necessitates these adjustments.”In alignment with this new stance, Ford will no longer participate in an annual survey administered by an LGBTQ advocacy group, and it will also eliminate quotas for minority dealerships and suppliers.”As a global organization, our focus remains on serving our customers, supporting our team, and contributing to our communities, rather than publicly engaging in polarizing issues,” the company stated. “However, we will still speak out on core issues where we feel our input can drive positive change.”This move aligns Ford with a growing trend among major corporations distancing themselves from DEI activities. Notably, Tractor Supply Company (NASDAQ: TSTO) recently terminated its association with the Human Rights Campaign (HRC), an LGBTQ+ advocacy group, and abandoned its DEI goals. Similarly, Harley-Davidson (NYSE: HOG) announced last week that it would no longer use HRC’s metrics for evaluating the treatment of LGBTQ+ employees and confirmed it does not maintain a DEI department.The HRC Corporate Equality Index scores companies based on criteria such as nondiscrimination policies, spousal and partner benefits, transgender-inclusive healthcare, and community engagement with the LGBTQ+ population, as reported by Axios.A perfect score of 100 on the index reflects a company’s strong commitment to LGBTQ+ causes. In the 2023-24 period, approximately 600 companies, including industry leaders like Apple (NASDAQ: AAPL), Amazon (NASDAQ: AMZN), Bank of America (NYSE: BAC), Ford, Disney (NYSE: DIS), Google (NASDAQ: GOOGL), Microsoft (NASDAQ: MSFT), Toyota (NYSE: TM), and Walmart (NYSE: WMT), achieved this top score.”Kelley Robinson, President of the Human Rights Campaign, criticized Ford’s decision, telling CNBC, “Ford Motor Company’s shortsighted actions will spawn long-term negative repercussions. Abandoning initiatives that ensure fair, safe, and inclusive work environments is detrimental to business and neglects Ford’s employees and millions of LGBTQ+-allied consumers.”The material has been provided by InstaForex Company – www.instaforex.com
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