Trump's win signals big trouble for corporate diversity and green investing trends

Major companies are moving away from diversity programs and green investing after poor results. The trend speeds up as political winds shift and economic realities hit corporate America

November 30 2024 , 04:55 AM  •  180 views

Trump's win signals big trouble for corporate diversity and green investing trends

The business worlds once-popular DEI and ESG movements face a quick downfall. Donald Trumpʼs recent election win makes their future even darker — companies like WalmartBoeing‚ and John Deere already dropped these programs

Research shows that half of top managers plan to reduce diversity initiatives; its not surprising since one-third of DEI workers lost jobs about 2 years ago. The Conference Board data points to a clear shift in corporate thinking: these programs dont bring expected results

Green investing faces similar problems. Larry Fink of BlackRock changed his mind about ESG after seeing poor fund results. States like Florida Kansas and Idaho passed anti-ESG laws; making investment choices even harder for companies that want to look environment-friendly

The demographic facts dont support DEI supporters claims. Hereʼs what current data shows:

  • Most minorities live in mixed suburbs not isolated areas
  • Nearly 50% of Latino voters supported Trump
  • 1 in 10 newborns have parents of different races
  • More than 10% of black Americans are immigrants

Racial integration keeps moving forward — approval for mixed-race marriages jumped from tiny numbers in the 50s to almost everyone supporting it today. People move to places like Houston Dallas and Phoenix; leaving traditional big cities behind. The mixed-race population grows fast making old-style identity politics less relevant

The next four years will likely see both movements struggle as Americans focus on real-world results instead of abstract goals. Corporate America seems ready to shift towards practical business-focused decisions; leaving behind the era of social experiments