4.5 • 808 Ratings
🗓️ 27 November 2024
⏱️ 9 minutes
🧾️ Download transcript
Walmart is the latest company to rollback its commitments to diversity, equity and inclusion initiatives, following legal challenges from conservative activists. Those lawsuits allege that these kinds of programs are themselves discriminatory. The nation’s largest retailer joins a growing list of companies that just a few years ago were showing off their efforts to address racial disparities. Then, we’ll look into the impact of tariffs on consumer spending and the opening of Greenland’s new international airport.
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0:40.7 | slash go for $1,000 off. Walmart Rethinks DEI. For a marketplace, I'm Sabree Beneshashore, |
0:49.4 | in for David Brancaccio. Walmart is the latest company to roll back commitments to diversity, equity, and inclusion initiatives. |
0:56.6 | This is in the wake of legal challenges from conservative activists. |
1:00.3 | Those lawsuits allege that these kinds of programs are themselves discriminatory. |
1:04.5 | As Marketplaces, Henry Up reports the country's largest retailer joins a growing list of companies |
1:09.6 | that just a few years ago were showing off |
1:12.1 | their efforts to address racial disparities. After the murder of George Floyd by a Minneapolis police |
1:17.9 | officer in 2020, lots of companies said they would diversify their workforces and suppliers and make |
1:23.6 | philanthropic donations to racial equity efforts. At Walmart, that included a $100 million commitment over five years to address, quote, |
1:32.3 | the root causes of gaps and outcomes experienced by black and African American people. |
1:37.1 | It's given to nonprofits focused on youth employment, nutrition, and business development, |
1:41.6 | but the company will not renew that effort. |
1:44.0 | It'll also pull out of a program |
1:45.5 | that measures companies' commitments to LGBTQ inclusion. Walmart received a perfect score on that |
1:50.9 | index in 2023. While other companies have made similar reversals, Walmart is among the largest to do so. |
1:57.8 | I'm Henry App for Marketplace. Markets and businesses continue to digest the latest announcement from President-elect Donald Trump around tariffs. |
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