Professional Pensions (April 17)
“As political tides shift in the US, many firms are pulling back on their DE&I commitments, restructuring or scrapping entire departments in response to legal challenges and cultural pressure. And the ripples are already reaching UK shores.” The appropriate response is not “about virtue signalling, it’s about smart governance.” US backsliding presents “a real, tangible issue that UK organisations, especially those working with global partners, need to pay close attention to.” They should secure their values and their supply chains as Transport for London did “by cutting ties with Accenture … after the consultancy ‘sunset’ key DE&I policies.” TfL disallowed Accenture “from bidding on a creative contract because it no longer met TfL’s diversity criteria, stating ‘We are proud to hold our suppliers to account… making sure they are aligned with our commitments on diversity and inclusivity.’”
Tags: Accenture, Cultural pressure, DE&I commitments, Legal challenges, Political tides, Restructuring, Smart governance, Suppliers, Supply chains, Transport for London, U.S., UK, Values, Virtue signalling
