Costco Board Rejects Shareholder Push to End DEI Programs

The board unanimously urged shareholders to vote against a proposal to reevaluate the financial risks of its diversity, equity, and inclusion initiatives.

Costco's board of directors recommended a vote against a proposal from the National Center for Public Policy Research to evaluate and potentially end its DEI policies.
The proposal claimed DEI programs could expose Costco to legal and financial risks, including potential lawsuits alleging discrimination against white, Asian, male, or straight employees.
The board defended its DEI initiatives as essential for fostering innovation, attracting diverse talent, and enhancing customer engagement by reflecting community diversity.
Costco criticized the proposal as a veiled attempt to abolish diversity initiatives, accusing the proponents of creating burdens for companies through anti-DEI campaigns.
The shareholder vote on the proposal is scheduled for January 23, 2025, during Costco's annual meeting, which will be webcast live.

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