New Market Perspective
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

New Market Perspective

Business

Lowe’s becomes latest company to dial back DEI efforts aimed at LGBTQ groups

by admin August 29, 2024
August 29, 2024
Lowe’s becomes latest company to dial back DEI efforts aimed at LGBTQ groups

Home goods retailer Lowe’s is paring back its efforts to promote LGBTQ inclusion — the latest large company to respond to a growing cultural backlash led by conservatives targeting queer representation in public life.

In an internal company memo being widely shared among media organizations, Lowe’s told employees it was ending its participation in surveys for the Human Rights Campaign (HRC), the country’s largest LGBTQ advocacy group, and would also combine company resource groups designed to support minority employees into one umbrella organization.

The company said it would also end sponsorship and participation in community events such as parades, festivals or fairs — a reference to Pride parades. As recently as 2019, Lowe’s was a sponsor of the Pride parade in Charlotte, North Carolina.

A company spokesperson did not respond to a request for comment.

Though some media reports suggested Lowe’s was reversing its diversity efforts writ large, the changes appear to specifically target LGBTQ representation. Lowe’s has previously won praise as a diversity champion — it earned a perfect score in HRC’s most recent corporate equity index that examines its policies protecting LGBTQ workers.

Since 2018, Lowe’s has been led by an African American CEO, Marvin Ellison; in June, Ellison was named Ethical Leader of the Year by the Society for Human Resource Management, the country’s largest HR organization.

As of Tuesday morning, Lowe’s continued to operate a webpage dedicated to its diversity efforts.

“We’re committed to fostering a culture where every member of the Lowe’s team truly feels they belong,’ it says. ‘When associates can be their authentic selves at work, they perform at their best — and when that happens, we all win.”

The page features a quote from its director of human resources: ‘On our team, we care about the whole you. We’ve built an environment where different viewpoints and backgrounds are respected and valued.’

Lowe’s changes follow closely on the heels of announcements by Harley Davidson and Jack Daniel’s parent, Brown-Forman, as well as similar changes this year by Tractor Supply, John Deere and Best Buy. The New York state comptroller, which manages the state’s $207 billion public pension fund, which has investments in Best Buy, then questioned the company’s commitment to inclusivity and supporting the LGBTQ community.

The unofficial leader of the corporate pressure campaign is Robby Starbuck, a video streamer and right-wing online activist. Monday, Starbuck posted on X claiming that he helped provoke the changes at Lowe’s, saying he received an email from a Lowe’s executive in response to a warning he sent the company that he planned to ‘expose’ its ‘woke’ policies.

‘We’re now forcing multi-billion dollar organizations to change their policies without even posting just from fear they have of being the next company that we expose,’ he wrote. ‘We are winning and one by one we WILL bring sanity back to corporate America.’

Starbuck did not immediately respond to an emailed request for comment.

Lowe’s reversal shows a conservative push against queer rights that began with Target and Bud Light in previous years continues apace, and it has helped clarify that the campaign against ‘woke’ is more often than not an effort to silence LGBTQ voices.

In a statement, Orlando Gonzales, HRC’s senior vice president of programs, research and training, said in an emailed statement: “Hasty, shortsighted decisions contrary to safe and inclusive workplaces will create a snowball effect of negative long-term consequences for companies, cutting them off from top talent, turning off LGBTQ+ and other consumers, and impacting companies’ bottom line.”

‘Retreating from these principles undermines both consumer trust and employee success,” Gonzales said.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Philip Morris to invest $232 million to expand ZYN production at Kentucky plant
next post
Home prices hit record high in June on S&P Case-Shiller Index

Related Posts

CFPB sues America’s largest banks for ‘allowing fraud...

December 21, 2024

It was a strong week for retail earnings....

June 1, 2024

Nvidia CEO Jensen Huang’s net worth swells from...

May 27, 2024

Southwest Airlines will charge to check bags for...

March 12, 2025

Disney tops quarterly profit estimates but starts to...

February 6, 2025

CVS is under pressure and considering a breakup....

October 5, 2024

New Starbucks CEO Brian Niccol outlines priorities to...

September 11, 2024

Starbucks announces several changes, including plans to cut...

January 31, 2025

Doritos severs ties with transgender influencer in Spain...

March 8, 2024

X sees major outages as Musk claims ‘massive...

March 12, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • UK police make second arrest in connection with fires linked to PM Starmer

      May 18, 2025
    • Deported mom says toddler’s return to Venezuela after separation by US authorities was a ‘miracle’

      May 18, 2025
    • Duterte scores landslide win in local elections. But can he be mayor from The Hague?

      May 18, 2025
    • Austria’s JJ wins Eurovision 2025 with ‘Wasted Love’

      May 18, 2025
    • How Pope Leo dealt with years of abuse allegations in a powerful Catholic society in Peru

      May 18, 2025
    • The popemobile, a signet ring and a ‘betrothal:’ How Pope Leo’s inauguration will unfold

      May 18, 2025

    Popular

    • 1

      10 Top Oil-producing Countries (Updated 2024)

      October 19, 2024
    • 2

      Powered by rain, this seed carrier could help reforest the most remote areas

      December 19, 2023
    • 3

      A troubling theory about traders profiting from Hamas’ attack on Israel drew much attention. Why it may not be so simple.

      December 13, 2023
    • 4

      Americans are starting to feel better about the economy and inflation

      December 13, 2023
    • 5

      Rare Earths Stocks: 8 Biggest Companies in 2024

      January 12, 2024
    • 6

      Top 10 Uranium-producing Countries (Updated 2024)

      April 18, 2024
    • 7

      Investing in Graphene Companies

      May 9, 2024

    Categories

    • Business (1,322)
    • Investing (3,124)
    • Politics (4,105)
    • World (4,057)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: newmarketperspective.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 newmarketperspective.com | All Rights Reserved