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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff Banking correspondent and Lauren Aratani in New York

Goldman Sachs and Deloitte are latest to scrap diversity initiatives

a sign for Goldman Sachs
Goldman Sachs has joined a spate of other corporate giants in rolling back DEI initiatives. Photograph: Michael M Santiago/Getty Images

Goldman Sachs and Deloitte have become the latest corporate giants to redraw policies in the face of Donald Trump’s anti-diversity drive.

The banking giant has scrapped a policy meant to encourage diversity on the boards of companies that it takes public. Under the 2020 policy, Goldman had stated that it would only take on a company’s initial public offering if the company had at least one board member from a diverse background.

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