By Candice Choi
Goldman Sachs is no longer spelling out its diversity hiring targets.
The bank's annual report no longer lays out the progress it has made on hiring women, Black, Hispanic, Asian and LGBTQ+ professionals.
Those numbers had been listed in its previous annual report, which had also spelled out the bank's "aspirational goals" for 2025, but didn't appear in the latest report, released Thursday.
The Wall Street Journal reported earlier this month that big banks were watering down their public language around DEI efforts, and that more changes would be disclosed in annual reports and other public filings.
In a statement Thursday, Goldman Chief Executive David Solomon said the bank made adjustments to reflect legal developments in the U.S., but stood by its commitment to a diverse workforce.
"We strongly believe that merit and diversity are not mutually exclusive. Our people are a powerful example of that and that's why we will continue to focus on the importance of attracting and retaining diverse, exceptional talent," the statement said.
Goldman earlier this month said it was ending its requirement that companies in the U.S. and Western Europe have diverse boards for it to take them public. The company cited legal developments related to board-diversity requirements for the decision.
Read more from the Journal's AnnaMaria Andriotis:
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February 27, 2025 09:57 ET (14:57 GMT)
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