A shift in language and a change of priorities
In its 2024 annual report, Bank of America removed all eight mentions of “diversity and inclusion” that had appeared in its previous year’s filing.
In several instances, the second-largest US bank replaced the term “diversity” with “opportunity,” including renaming its internal “diversity and inclusion” group as the “opportunity and inclusion” group.
BlackRock, the world’s largest asset manager, made similar changes, reducing the number of times it referenced diversity by four.
A section previously titled “diversity, equity and inclusion” was rebranded as “connectivity and inclusivity.”
The company maintained that supporting “diverse perspectives” remains crucial to preventing groupthink but avoided using the term “diversity” explicitly.
Source: sustainabilitymag.com
