Twenty civil rights organizations are calling on Fortune 1000 companies to recommit to diversity, equity, and inclusion efforts after companies have scaled back. The Human Rights Campaign responded by lowering their Corporate Equality Index scores by twenty-five points. These cutbacks follow the Supreme Court's June 2023 ruling on affirmative action in higher education and pressure from right-wing activists. HRC President Kelley Robinson emphasized the financial benefits of supporting diversity, noting nearly $1 trillion in LGBTQ+ buying power. Civil rights groups warned that removing DEI could hurt business performance and talent retention.
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00:00It's Benzinga, and here's what's on the block.
00:0220 civil rights organizations are calling on Fortune 1000 companies to recommit to diversity,
00:08equity, and inclusion efforts after companies have scaled back.
00:11The Human Rights Campaign responded by lowering their Corporate Equality Index scores by 25
00:16points.
00:17These cutbacks follow the Supreme Court's June 2023 ruling on affirmative action in
00:20higher education and pressure from right-wing activists.
00:24HRC President Kelly Robinson emphasized the financial benefits of supporting diversity,
00:29noting nearly $1 trillion in LGBTQ+, buying power.
00:33Civil rights groups warned that pulling back on DEI could hurt business performance and
00:37talent retention.
00:38For all things money, visit Benzinga.com.