(The Center Square) – Investment giant BlackRock is unwinding its diversity and climate programs amid a broader retreat from such programs across the country in response to calls from Republicans.
The New York-based global investment company recently bought the ports on either side of the Panama Canal in a $22.8 billion deal that garnered praise from President Donald Trump in his joint address to Congress. That’s a big win for a company that has been in the crosshairs of conservatives for years.
In recent months, BlackRock pulled out of a UN-backed sustainable investing coalition, relaxed its language around board diversity requirements in proxy-voting guidelines, removed DEI language from its annual report and other company communications and eliminated its internal DEI team and canceled any diversity hiring
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