In a year marked by volatile changes to tariff policy and a quick succession of pullbacks on diversity, equity and inclusion practices, Costco has continuously been held up as an example of a company that has stood firm in its willingness to do what it believes is best for the business.
Days after the Trump administration took effect, 98% of Costco shareholders voted against a proposal from conservative think tank National Center for Public Policy Research to evaluate risks posed by its diversity, equity and inclusion practices, according to Fortune. This was after Costco’s board of directors voted unanimously to ask shareholders to reject the motion.
“Our commitment to an enterprise rooted in respect and inclusion is appropriate and necessary,” the board said. “The report requested by this proposal would not provide meaningful additional information.” The board also said, per Fortune, that having diverse employees and suppliers has fostered creativity and innovation in its merchandise and services.
This month, Costco sued the U.S. government in an aim to receive refunds if the Supreme Court rejects President Trump’s use of the International Emergency Economic Powers Act to impose tariffs, CNN reported.
Costco’s actions this year are in sharp contrast with others like Walmart, Tractor Supply and Target, which have played it safer in walking away from DEI policies.
How Costco stood against Trump’s agenda on tariffs, DEI this year – Modern Retail