This table highlights key information about companies that have taken concrete steps to refocus on core business priorities*. Notably, the 1792 Exchange recognizes 20 companies for ending their involvement in the so-called “Corporate Equality Index.” This woke, social credit survey hands over corporate governance to an external group that does not prioritize the long-term interests of businesses.
Total Retreat from CEI: 20 Companies
Total Annual Revenue: $2,122,677,700**
Total Employees: 5,582,373**
Click on a company to see its Corporate Bias Report.
| Company | Logo | CBR Risk Rating | Date | Commitments | Ended CEI? | News Article | Company Statement | Fortune Rank | Revenue ($M) | Employees |
|---|---|---|---|---|---|---|---|---|---|---|
| Verizon |  | 2025/05/16 | • Dissolve its DEI roles • End DEI training and ensure all training is focused on core business objectives • Ensure all sponsorships advance core business objectives and increase shareholder value • Stop filling out the so-called “Corporate Equality Index” • End supplier diversity goals • Stop tying supplier diversity goals to management pay • Focus on growing its small business and veteran owned business supplier base as well as procuring from the most qualified suppliers • Employee Resource Groups centrally managed by Verizon with oversight and preapproval of any social and cultural events • Employee Resource Groups will be open to all employees and membership will not be a factor in employment or advancement decisions at the company • End gender and racial quotas and remove achievement of those quotas from management compensation plans • End the use of DEI across all company website, communications, and marketing • These changes will also apply to Frontier when it is acquired by Verizon | Yes | Fox Business | Memo to the FCC | 23 | 133613 | 118400 | |
| IBM*** |  | 2025/04/10 | • Stop filling out the so-called “Corporate Equality Index” • No more DEI in its hiring practices • No more DEI in its supply chain • End its Diversity Council • Dissolve its DEI department • Remove diversity goals from IBM executive compensation plans • End Allyship training • End its “I’m In Allyship” campaign • End its DEI “Be Equal” Podcast • Remove its endorsement of the so-called “Equality Act” which legalizes men in women’s spaces • Focus on growing its small business and veteran owned business supplier base • End corporate policy encouraging preferred pronoun usage • No longer use the term LatinX • Pledged to viewpoint neutrality in its media-buying and content policies | Yes | Sustainability Magazine | Memo to Employees | 63 | 61860 | 296600 | |
| Constellation Brands |  | 2025/04/08 | • Stop filling out the so-called “Corporate Equality Index” • No more lobbying for legislation that isn’t core to its business • No more DEI in its supply chain • No more focus on DEI in the brand • They will no longer use the term Latinx • Focus on growing its small business supplier base • Constellation Brands will provide guidance to employees on not injecting personal activism while representing the company brand | Yes | Reuters | Statement on Website | 415 | 9452.6 | 9400 | |
| AT&T |  | 2025/03/07 | • End DEI quotas in its career development programs, scholarship programs, and supply chain • No longer have a DEI Officer • End all DEI trainings • Stop filling out the so-called Corporate Equality Index • Remove pronoun pins from its employee style guide • Ensure all AT&T sponsorships align with business priorities • Focus on growing its small business supplier base • Ensure Employee Resource Groups are focused on business • AT&T strategy will focus only on what grows the business | Yes | Bloomberg | Memo to Employees | 13 | 168864 | 202600 | |
| Victoria’s Secret |  | 2025/03/05 | • End its goal to promote a certain percentage of Black workers • Reframing its “diversity, equity and inclusion” team to “inclusion and belonging” • Victoria’s Secret will reevaluate its supplier diversity goals | No | Bloomberg | N/A | 556 | 6181.8 | 21500 | |
| BlackRock |  | 2025/03/03 | • BlackRock will no longer discriminate based on race/sex in hiring | No | WSJ | Memo to Employees | 231 | 17859 | 19800 | |
| State Street |  | 2025/02/28 | • Dropped proxy voting policy that required boards in major indexes to be 30% female • State Street Dropped proxy voting policy that required S&P 500 companies to have at least one racial minority on their board | No | Reuters | Summary of Changes to Proxy Voting and Engagement Policy | 225 | 18366 | 46451 | |
| Warner Bros. Discovery |  | 2025/02/27 | • Stop filling out external diversity surveys (which includes the so-called “Corporate Equality Index”) • Will have a “uniform and consistent application process” for their development programs regardless of demographics • Warner Bros will be rebrand its DEI efforts as “inclusion” | Yes | Variety | Memo to Employees | 106 | 41321 | 35300 | |
| Goldman Sachs |  | 2025/02/27 | • Goldman Sachs ended its policy of refusing to underwrite initial public offerings for companies that did not have at least one diverse board member | No | NY Post | N/A | 35 | 108418 | 45300 | |
| Paramount |  | 2025/02/26 | • Will no longer discriminate based on race/sex in hiring through quotas • Paramount ended its policy of collecting demographic stats for US job applicants on forms and career pages, except where legally required • Remove a five percent funding bonus for programs advancing DEI goals | No | CNBC | Memo to Employees | 142 | 30610 | 24150 | |
| Bank of America |  | 2025/02/25 | • Will no longer discriminate based on race/sex in hiring • Bank of America ended a rule requiring a “diverse slate” in reviewing candidates and in interview panels | No | USA Today | N/A | 18 | 171912 | 212985 | |
| Citigroup |  | 2025/02/20 | • Will no longer discriminate based on race/sex in hiring • Ended a rule requiring a “diverse slate” in reviewing candidates and in interview panels • Citigroup will rename its “Diversity, Equity and Inclusion and Talent Management” team to “Talent Management and Engagement” | No | Bloomberg | Memo to Employees | 44 | 79865 | 221768 | |
| PepsiCo*** |  | 2025/02/20 | • No longer have a DEI Officer • Dissolve its DEI team • End DEI quotas in the workplace and supply chain • Stop filling out the so-called “Corporate Equality Index” • End all DEI trainings • Ensure all PepsiCo sponsorships align with business priorities • Focus on growing its small business supplier base • Ensure Employee Resource Groups are focused on business • Pepsi strategy will focus only on what grows the business • Pledged to viewpoint neutrality in its marketing | Yes | Fox Business | Memo to Employees | 45 | 79474 | 309000 | |
| Booz Allen Hamilton |  | 2025/02/07 | • Remove diversity goals from its employee and executive priorities • Eliminate all references to DEI in its communications and training at Booz Allen Hamilton | No | Insurance Journal | Insurance Journal | 422 | 9258.9 | 31900 | |
| Accenture*** |  | 2025/02/07 | • Stop tying executive compensation to DEI targets • End career development programs that discriminated against candidates based on race at Accenture • Stop filling out external diversity surveys (which includes the so-called “Corporate Equality Index”) | Yes | Fox Business | Fox Business | N/A | 64900 | 799000 | |
| Google (Alphabet) |  | 2025/02/05 | • Retired DEI hiring goals established in 2020 • Review Google’s DEI policies to comply with President Donald Trump’s executive orders on DEI that pertain to federal contractors | No | WSJ | WSJ | 8 | 307394 | 182502 | |
| Target*** |  | 2025/01/24 | • No more external surveys (which includes the so-called “Corporate Equality Index”) • No more marketing LGBTQ products to children at Target • Stop sponsoring nonbusiness causes • End DEI goals including quotas in its supply chain and 2025 DEI intiatives • Ensure Employee Resource Groups are focused on business | Yes | Fox Business | Memo to Employees | 37 | 107412 | 415000 | |
| Meta |  | 2025/01/10 | • Dissolve its DEI team • No more DEI in Meta’s supply chain • Ended diversity quotas and other DEI policies | No | Axios | Axios | 30 | 134902 | 67317 | |
| McDonald’s |  | 2025/01/06 | • No more DEI goals in hiring • Stop filling out the so-called “Corporate Equality Index” or other 3rd party surveys • No more DEI in its supply chain at McDonald’s • Diversity team rebranded as an inclusion team | Yes | CNN | Memo to Employees | 162 | 25493.7 | 150000 | |
| Nissan |  | 2024/12/18 | • Stop filling out the so-called “Corporate Equality Index” • Stop funding non-business causes and review future funding of events to ensure that sponsorships align with brand standards and business priorities • No quotas for hiring, promotions, or diverse suppliers • Training can only focus on issues that pertain to Nissan’s core business | Yes | Fox Business | Memo to Employees | N/A | 87531 | 133580 | |
| Walmart |  | 2024/11/25 | • Stop filling out the so-called “Corporate Equality Index” • Monitor the Walmart marketplace to identify and remove inappropriate sexual and/or transgender products marketed to children • Funding of Grants: Review all funding of Pride, and other events, to avoid funding inappropriate sexualized content targeting kids • Dissolve the Racial Equity Center which was established in 2020 as a special five-year DEI initiative • End Supplier Diversity goals • No longer use the term LatinX in official communications • End racial equity training • Discontinue the use of DEI as a term while ensuring a respectful and supportive environment | Yes | Associated Press | Memo to Employees | 1 | 648125 | 2100000 | |
| Toyota*** |  | 2024/10/03 | • No more involvement in pride parades, pride events, or LGBTQ children’s summer camps • Stop filling out the so-called “Corporate Equality Index” • Toyota’s Business Resource Groups must focus on business and will no longer divide employees on race or sexual orientation | Yes | Breitbart | Memo to Employees | N/A | 312900 | 380793 | |
| Caterpillar |  | 2024/09/19 | • No more woke trainings at Caterpillar • Stop funding non-business causes • Stop filling out the so-called “Corporate Equality Index” • All sponsorships, speakers, donations and events must be approved at the executive level to ensure that nothing is divisive or politically charged | Yes | Fox Business | Memo to Employees | 59 | 67060 | 113200 | |
| Stanley Black & Decker |  | 2024/09/16 | • Stop filling out the so-called “Corporate Equality Index” • Dissolve its DEI department • No more DEI training • Stop funding nonbusiness causes • Business Resource Groups no longer divide employees based on race or sexual orientation • No more supplier diversity goals at Stanley Black & Decker • Will reevaluate their transgender healthcare coverage for kids when their healthcare policy renewal period comes back around | Yes | Daily Mail | Memo to Employees | 263 | 15781.1 | 50500 | |
| Molson Coors*** |  | 2024/09/03 | • Stop filling out the so-called “Corporate Equality Index” • No more DEI training • Stop sponsoring non-business causes • Employee Resource Groups no longer divide employees on race or sexual orientation • No more supplier diversity goals • No more tying executive/employee compensation to DEI hiring goals at Molson Coors | Yes | Fox Business | Memo to Employees | 352 | 11702.1 | 16500 | |
| Ford |  | 2024/08/28 | • Stop filling out the so-called “Corporate Equality Index” • Stop sponsoring non-business activities • Employee Resource Groups will focus on business • No DEI quotas in Ford’s supply chain or dealerships • CEO calls for respect and civility toward all ideologies | Yes | Bloomberg | Memo to Employees | 17 | 176191 | 177000 | |
| Lowe’s |  | 2024/08/26 | • Stop filling out the so-called “Corporate Equality Index” • No more donations to non-business causes. Philanthropy will focus on safe and affordable housing/community improvement, disaster relief, and skilled trades education • Employee Resource Groups will no longer divide employees on race or sexual orientation at Lowe’s | Yes | Bloomberg | Memo to Employees | 49 | 86377 | 226000 | |
| Brown Forman |  | 2024/08/21 | • Stop filling out the so-called “Corporate Equality Index” • No more tying executive + employee bonuses/goals to DEI • No more DEI in supply chain • No more woke trainings at Brown Forman | Yes | NY Post | Memo to Employees | 716 | 4228 | 5600 | |
| Harley-Davidson |  | 2024/08/19 | • No more DEI events • No more DEI in its supply chain • Stop filling out the so-called “Corporate Equality Index” • No more funding non-business causes. Sponsorships will focus exclusively on motorcycling, first responders, active military, and veterans • No more woke trainings at Harley-Davidson | Yes | CBS | Company Tweet | 585 | 5836.5 | 6400 | |
| John Deere |  | 2024/07/16 | • No more funding pride parades • Business resource groups will no longer be divided on identity lines • Removal of socially motivated messages from training material • No hiring quotas or pronoun usage • Ending Supplier Diversity Initiatives at John Deere | No | CBS | Company Tweet | 64 | 61251 | 82956 | |
| Tractor Supply |  | 2024/06/27 | • Stop filling out the so-called “Corporate Equality Index” • Refocus Employee Resource Groups on business • Stop funding nonbusiness activities like pride festivals and voting campaigns • Focus on rural America priorities • Eliminate DEI roles and retire current DEI goals • Withdraw its carbon emission goals • Focus on land and water conservation efforts at Tractor Supply | Yes | WSJ | TSC Website | 293 | 14555.7 | 37500 |
*To be included in this table, companies must clearly communicate the substantive changes they are making.
**Rank, revenue, and employment numbers are according to Fortune’s 2024 data (collected from 10-K forms)
***Former HRC Corporate Partner
For pro bono, confidential help navigating these political waters, please email [email protected].
Resources
Research and Data
- The DEI Drag – How DEI Hiring Targets Hurt Stock Returns
- The business case for diversity backfires: Detrimental effects of organizations’ instrumental diversity rhetoric for underrepresented group members’ sense of belonging.
- Corporate social anti-activism and firm stock price: Evidence from DEI program elimination
- DEI, a Euphemism for Discrimination, Is on the Way Out
- Instructing Animosity: How DEI Pedagogy Produces the Hostile Attribution Bias
- McKinsey’s Diversity Matters/Delivers/Wins Results Revisited
- Report: 68 Companies Cut or Ended DEI Since 2023
- Research: The Most Common DEI Practices Actually Undermine Diversity
- Why Diversity Programs Fail
- Why Doesn’t Diversity Training Work?
- The Threats Posed by Environmental, Social, and Governance Policies
- The Incoherence of ESG: Why We Should Disaggregate the Environmental, Social, and Governance Label
- When (Not) to Talk Politics in Business: Experimental Evidence
Legal Cases and Memos
- American Alliance for Equal Rights v. Fearless Fund Management
- Muldrow v. City of St. Louis
- Students for Fair Admissions v. President and Fellows of Harvard College – 600 US _ (2023)
News
- America Poured Billions into DEI Initiatives. Who Benefited?
- American Airlines Held Liable for 401(k) Plan ESG Investing (2)
- Anti-DEI shareholder proposals have tripled since 2020
- As DEI goes under the knife, CEOs are still on the hook for inclusion strategies linked to compensation
- As Trump Takes the Wheel, Big Corporations Extricate From DEI, Climate Programs
- Companies have been abandoning DEI efforts all year
- Corporate HR is taking “Equity” out of DEI
- Corporations That Pushed Gender Ideology Owe America An Explanation
- DEI Cash Cow: The White House’s equity agenda was a boon to consulting firms
- DEI’s Impact on the Workforce at America’s Biggest Companies, in Charts
- Diversity Was Supposed to Make Us Rich. Not So Much.
- DOGE Playbook Exposes Corporate Activism Destroying America
- The End of the DEI Era
- Exclusive | Big Banks Are Scrubbing Their Public Mentions of DEI Efforts
- Free Speech: Why Corporate America Is Now Ditching Wokeness In Bunches
- Harvard’s loss on affirmative action raises questions about university DEI programs
- Here’s who’s behind anti-DEI attacks on Goldman Sachs, Pfizer, IBM, and other companies
- How BlackRock Helped Stack Exxon’s Board With Climate Radicals
- In Trump’s second term, Hollywood sweeps DEI efforts under the rug
- LGBTQ, Inc.
- The Net-Zero Banking Retreat
- The pendulum is swinging back to sanity, former Kentucky AG says
- The problem with the ‘business case’ for diversity and equity
- Programs like DEI are on ‘death watch,’ says Daniel Cameron
- Robby Starbuck on What CEOs Missed “Right Under Their Nose” About DEI
- Several state officials demand feds protect Americans’ retirement plans by clearly regulating ESG investments
- Study: DEI Training Could Make Racial Tensions Worse
- This terrifying reason Silicon Valley Bank collapsed is a threat to thousands of other businesses
- Three Approaches to improving Viewpoint Diversity at State colleges and Universities
- Trump Deals a Heavy Blow to DEI—Hopefully It’s Lethal
- University of Michigan Spent $250 Million on DEI, Made Students Unhappier
- Update on Post-SFFA Challenges to DEI Initiatives: Law Firm Fellowship Programs in the Crosshairs
- Walmart won’t be last company to pull back on DEI
- The war on woke: How a gay rights index became a conservative target
- Why Are Business Organizations Withdrawing from DEI?
- Why ineffective diversity training won’t go away
If you have additional resources, research, or legal memos that should be added to this page or corrections to this information, please email
[email protected].
Materials are intended for educational use only and use publicly available information. Full Disclaimer .