Is the tide turning on diversity initiatives?

'Online pressure from the right' and legal and political changes lead major US corporates to reverse DEI policies

Members of the National Action Network protest outside the office of hedge fund billionaire Bill Ackman, New York, 4 January 2024
US companies spent an estimated $7.5 billion on DEI-related efforts in 2020, McKinsey estimates
(Image credit: Michael M. Santiago/Getty Images)

Ford has become the latest major US company to scale back its diversity and inclusion policies, amid a "changing legal and political environment and online pressure from the right", said CNN.

Corporate investment in diversity, equity and inclusion (DEI) initiatives rose sharply in 2020 following the wave of protests sparked by the murder of George Floyd. Management consultancy firm McKinsey estimates that US companies spent an estimated $7.5 billion (£5.7 billion) on DEI-related schemes in that year alone.

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