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Costco defends its diversity policies as other US companies scale theirs back

  • Costco shareholders rejected a proposal to evaluate risks of its diversity, equity, and inclusion practices, with over 98% voting against it at the annual meeting on Thursday.
  • The National Center for Public Policy Research submitted the proposal, claiming Costco's DEI initiatives pose risks to the company and shareholders.
  • Costco's board unanimously urged shareholders to reject the proposal, asserting that their commitment to respect and inclusion is necessary.
  • Costco's support for DEI programs contrasts with recent positions by other major brands like Walmart, McDonald's, and John Deere.
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abc News broke the news in United States on Wednesday, January 22, 2025.
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