By Heather Haddon
McDonald's said Monday that it is scrapping set diversity targets for its employees and suppliers, the latest large company to overhaul its strategies for diversity, equity and inclusion.
The Chicago-based company also said it wouldn't issue new representation goals for its staff, but will continue to report numbers pertaining to diversity in its ranks. It will also discuss inclusion with suppliers in business reviews, McDonald's said.
The company said that it remains committed to inclusion, and had made progress since issuing targets that included tying executive pay to increasing the share of women and racial minorities in leadership roles by 2025. More than 30% of the company's U.S. leaders now come from underrepresented groups, while 25% of its spending goes to diverse suppliers, McDonald's said.
Conservative activists have increasingly targeted corporate DEI programs, claiming that they unfairly advantage some groups of employees, customers or suppliers versus others. Walmart, Food Motor and Tractor Supply are among the major companies that have pulled back on DEI commitments recently.
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(END) Dow Jones Newswires
January 06, 2025 15:43 ET (20:43 GMT)
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