Investment Week (August 15)
“In the wake of political pushback and shifting corporate priorities, diversity, equity and inclusion (DEI) in financial services has found itself at a crossroads…. Public commitments have dampened, budgets are under scrutiny, and sceptics question whether the industry’s progress is unravelling.” Especially in the United States, a growing number of firms are “scaling back or abandoning DEI initiatives altogether.” However, UK industry leaders believe “the narrative of decline does not tell the full story. While some organisations are quieter in their public statements, there remains evidence that internal commitment remains firm.”
Tags: Abandoning, Budgets, Commitment, Corporate priorities, Crossroads, Dampened, DEI initiatives, Financial services, Political pushback, Public commitments, Scaling back, Sceptics, Scrutiny, U.S., UK, Unravelling
