Barclays Drops US Diversity Targets Amid Regulatory Shifts

The bank will continue diversity goals in the UK and other regions, citing a changed US political and regulatory environment.

Barclays has officially abandoned its US-specific diversity, equity, and inclusion (DEI) targets following an internal review initiated after Donald Trump's 2024 election victory.
The decision includes scrapping goals such as 33% of director and managing director roles being held by women and a 50% increase in ethnic minority executives.
The bank will maintain its diversity commitments in the UK and other markets, reflecting a divergence in strategy based on regional regulatory landscapes.
Barclays' CEO, C. S. Venkatakrishnan, emphasized that the policy shift aligns with local compliance requirements in the US while preserving the bank’s global workplace culture.
This move is part of a broader trend of US corporations scaling back DEI initiatives in response to heightened political and legal challenges under the Trump administration.