Dozens of investment advisers warned on Friday that the largest U.S. companies’ diversity programs will become a liability under the incoming Trump administration.

In the Nov. 5 election, Americans “overwhelmingly rejected the ideological takeover of political and civic life by parochial identity politics,” the coalition of 38 treasurers said in a letter, saying the new administration He warned companies that it would “hasten the end of DEI.”

“You are at a critical crossroads,” the letter says. “We can listen to the American people – our shareholders, customers, and employees – or we can bow to fringe activists who demand further reinforcement of our failed ideology.”

Companies that received a score on the Alliance Defending Freedom Perspective Diversity Index received a letter from the Investor Advisor Coalition, along with Fortune 1000 companies that did not receive a score.

ADF’s Diversity of Perspectives in 2024 index Revealed to be 91 percent Percentage of companies rated as using critical race theory in employee training materials. index measured 85 major technology and financial companies spoke about respecting free speech and religious freedom.

Jeremy Tedesco, senior vice president of corporate engagement at Alliance Defending Freedom, told the Daily Caller News Foundation that it’s clear that diversity, equity, and inclusion (DEI) is already “coming to an end.” spoke.

“What the Trump administration does could actually accelerate that process, which will ultimately be good for those companies, their employees, and broader society, because DEI “It’s a harmful ideology that harms people,” he said.

Tedesco noted that some companies have already changed their DEI policies under pressure from consumers and shareholders, stopped participating in the Left-wing Human Rights Campaign’s Corporate Equality Index, and abandoned diversity efforts. did. Under pressure from conservative activist Robbie Starbuck, companies like Lowe’s and Tractor Supply Company rescinded DEI policies, including sponsoring LGBTQ pride parades. (Related article: ‘We will be relentless’: One. Simple. Trick…and companies race to scrap ‘divisive’ diversity policies)

After the Supreme Court ruled against affirmative action in higher education in 2023, companies began rolling back DEI programs and conservatives focused on specifically targeting companies with legal problems. There is.

“While we encourage everyone to distance themselves from deeply divisive groups like DEI and the Human Rights Campaign that bully companies into adopting radical, misguided, and unpopular policies; We also want to caution against backing away from our goal of protecting our citizens and respecting the freedom and dignity of all employees,” the letter continues. “As your fiduciary, we manage more than $16 billion in assets and represent working Americans who rely on us to protect their financial future, retirement plans, and more. You have a duty to provide transparency to your investors and, where necessary, make positive changes that serve their economic interests in order to serve and develop a healthy civil society.”

Tim Schwartzenberger, director of corporate engagement at Inspire Investing, whose company signed the letter, said shareholders need to “ensure that executives deliver strong financial results that meet customer demand and contribute to a healthy civil society. I look forward to it.”

“That’s not too much of a question,” Schwartzenberger said in a statement to DCNF. “But for too long, corporate leaders have been bullied into taking increasingly extreme positions on high-profile cultural issues and implementing harmful DEI policies that divide the workforce and society itself. I’m here.”

Dr. OJ Oreka, Chief Executive Officer of the National Treasurer’s Foundation, said, “Public servants such as teachers, law enforcement officers and firefighters must make and recommend sound fiduciary decisions to secure their financial futures. “We rely on the state treasurer to do that.”

“My mother is the recipient of my late father’s state pension as a professor at a public university, so I know this firsthand,” he said in a statement. “My mother is entitled to her late father’s pension, and so are others who worked hard and received pensions. The DEI administration is not delivering on that promise.”

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