By Jack Pitcher

BlackRock, the world's largest asset manager, cut references to its diversity, equity and inclusion strategy in its annual report, joining the list of Wall Street firms and corporate employers distancing themselves from DEI.

Here's a look at some of BlackRock's old and new language on the topic.

-- BlackRock CEO Larry Fink in a 2021 letter to shareholders: "We have a long-term strategy aimed at improving diversity, equity and inclusion at BlackRock...To truly drive change, we must embed DEI into everything we do."

-- BlackRock's latest report: Delivering for the firm's clients requires attracting the best people from across the world. BlackRock is committed to creating an environment that supports top talent and fosters diverse perspectives to avoid groupthink.

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February 26, 2025 04:10 ET (09:10 GMT)

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