· 2 min read
illuminem summarizes for you the essential news of the day. Read the full piece on The Washington Post or enjoy below:
🗞️ Driving the news: As major companies like Target (see sustainability performance), Walmart, and Google roll back diversity, equity, and inclusion (DEI) initiatives, consumers are responding with grassroots movements
• In Detroit, 500 parishioners spent $25,000 in a “good-buy” at Target, supporting Black-owned businesses to protest its reduced DEI efforts
• Similar “buycotts” and boycotts are emerging nationwide, targeting corporations seen as retreating from DEI commitments
🔭 The context: Target’s decision to scale back DEI follows a broader trend of companies adjusting diversity policies amid political and legal pressure
• President Trump’s administration has moved to dismantle federal DEI programs, while corporate giants like Google and Accenture have dropped workforce representation goals
• Consumer activism, including economic blackouts and long-term boycotts, is growing as a response
🌍 Why it matters for the planet: DEI initiatives support minority-owned businesses and inclusive economic growth, impacting sustainable development and social equity
• Companies maintaining diversity efforts may gain long-term loyalty from conscious consumers, while those abandoning them risk financial and reputational backlash
• Consumer spending shifts can influence corporate strategies on inclusion and ethical business practices
⏭️ What's next: A 40-day “Target Fast” launching March 5 urges customers to stop shopping at Target and invest in Black-owned businesses instead
• Companies balancing political pressure with consumer expectations may face financial risks from boycotts and shifting shopping habits
• Experts warn businesses that abandoning DEI may limit future growth, given the economic power of diverse communities
💬 One quote: “We sent a clear message to Target that our voices and our dollars matter.” — Rev. Charles Williams II, organizer of the Detroit “good-buy”
📈 One stat: Latino consumers generate $3.2 trillion, nearly 11% of U.S. GDP, highlighting the financial impact of diverse communities
See here detailed sustainability performances of Accenture, Google, Target and Walmart
Click for more news covering the latest on corporate governance and diversity & inclusion
