Costco is proving its values don’t stand just for show. A conservative think tank thought that they could mask their agenda as a proposal backed by research, but Costco is not that easily persuaded.
The National Center for Public Policy Research demanded Costco stop its DEI (Diversity, Equity, Inclusion) programs and fire its Chief Diversity Officer. According to the group, DEI is a risky business, legally and financially. They even called upon the 2023 Supreme Court decision in SFFA v. Harvard, a decision that bans universities from using race considerations in their admission process. “It’s clear that DEI holds litigation, reputational, and therefore financial risks to shareholders,” the group wrote in a letter supporting their proposal.
Fortunately, there are brands in the world that actually have values. Costco’s Board of Trustees held a vote to advise shareholders to reject the proposal. And, the best part? The vote passed unanimously. “Our efforts around diversity, equity and inclusion follow our code of ethics: For our employees, these efforts are built around inclusion – having all of our employees feel valued and respected,” the Board wrote in its response. The company also denied the notion that its DEI policies violate the law. The company explained that all employment decisions are made without discrimination and in full compliance with legal requirements.
Costco rejected a proposal by an right-wing investor group to end its DEI efforts.👍 pic.twitter.com/4QbJiXZ3kW
— ⚖️Powerful Mel Ankoly #ForThePeople (@Mel_Ankoly) December 27, 2024
And, as expected, when something good happens in the world, people will cheer. X users voiced support for Costco. One user captured exactly how we feel about the company’s actions: “If you crumble when your values are tested, they weren’t values, they were marketing campaigns. Well done, Costco!” This is the type of leadership we need in a time when we are divided by politics.
Costco is an example socially responsible capitalism. Employees are paid well, they have great benefits, they save customers money on the premise of sell things for as little as possible while making profits. They are the company every American should look to for a good company.
— PATDADD̶Y 4 PREZ 🇺🇸 (@RealPatDaddy) December 27, 2024
Dear Angry People,
— Gator⚡Gum (@gator_gum) December 28, 2024
I look forward to your Costco boycott.
Best of luck,
GG https://t.co/ffPnNyeRpn
Everyone talking about canceling their Costco membership and “never shopping there again” better not change their mind.
— Fonzie J (@Dont_Lose_Focus) December 29, 2024
I’ll be going there way more often with all those parking spots and shorter lines pic.twitter.com/Rv82ZcFLX5
The proposal now goes to a shareholder vote scheduled for January 23. This will be the final decision. Let’s hope that those invested in the company, agree with the Board and understand Inclusion is not a risk; it can be a responsibility. It’s a long-term investment that will attract potential employees. Many companies scaled back DEI programs because of conservative pushback, so Costco’s commitment is something we look up to.
Published: Dec 29, 2024 02:27 pm