Caterpillar makes policy changes in yet another corporate DEI rollback

Published On Sep 20, 2024, 1:03 PM

Caterpillar is revising its diversity, equity, and inclusion (DEI) policies amidst criticism and scrutiny of such initiatives. The changes include requiring all corporate training to focus on business objectives and needing senior leadership approval for external speakers and participation in external surveys and awards. This move aligns with a trend among corporations rolling back DEI efforts due to backlash against 'woke' policies. Caterpillar assures employees that new guidelines for Employee Resource Groups will support an inclusive culture but remain centered on business strategy.

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Caterpillar's decision to revamp its DEI policies may reflect a shift towards prioritizing operational efficiency over social initiatives. The alignment with business objectives could enhance productivity and shareholder value, suggesting potential positive sentiment among investors who favor traditional business metrics over social governance issues.

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Caterpillar makes policy changes in yet another corporate DEI rollback

Sep 20, 2024, 1:03 PM

Caterpillar is rolling back some of its DEI policies following an internal review, with senior leaders required to approve participation in external surveys and speakers.

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