Story perspectives
UBS Drops "DE&I" from 2024 Report Amid Shift
3/17/2025
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Story summary
- UBS's 2024 annual report excludes "DE&I," signaling a shift in diversity initiatives post-Trump administration.
- The term appeared 21 times in UBS's 2023 reports, highlighting a notable decrease.
- European banks, including Banco Santander and ING, are reevaluating diversity strategies amid regulatory challenges.
- UBS remains dedicated to workforce diversity while complying with diverse legal standards.
