The Rise of Corporate DEI Initiatives

Diversity, equity, and inclusion (DEI) initiatives aim to promote the hiring and advancement of individuals from historically underrepresented backgrounds. These initiatives gained significant traction following the murder of George Floyd, prompting companies to acknowledge their past failures and take actionable steps towards DEI. Companies began issuing public statements, holding town halls, and committing to diverse hiring practices as part of their business strategies. Ultimately, the goal was to correct decades of imbalances and create a more inclusive corporate landscape, which could also contribute positively to their overall performance.