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
Reuters (November 1)
“The U.S. dollar will hold on to its recent strength over coming months on robust domestic economic data and continued scaling back of bets for Federal Reserve interest rate cuts” according to a recent Reuters poll.”
Tags: Coming months, Cuts, Dollar, Economic data, Fed, Interest rate, Poll, Recent strength, Reuters, Robust, Scaling back, U.S.
New York Times (February 16)
“BlackRock, JPMorgan Chase and State Street are quitting or scaling back their ties to an influential global investment coalition.” The former reduced its ties with “Climate Action 100+, a global investment coalition that has been pushing companies to decarbonize” while the latter two outright quit the coalition. “All told, the moves amount to a nearly $14 trillion exit from an organization meant to marshal Wall Street’s clout to expand the climate agenda.”
Tags: $14 trillion, BlackRock, Climate Action 100+, Climate agenda, Coalition, Decarbonize, Global, Investment, JPMorgan Chase, Quitting, Scaling back, State Street, Wall Street
