Rather than retreating, companies have an opportunity to rally around a call to action to innovate and evolve their DEI strategies, embedding them into operations, culture and values across functions. DEI must shift from HR-centric to business-led, with measurable outcomes tied to performance goals—just like any other strategic business priority. Leaders should also communicate DEI’s business value clearly and consistently. It’s not about politics; it’s about smart, strategic action to improve business and people outcomes.
DEI in corporate America was developed and has continued to evolve to address, among other needs, disparities in hiring, pay, advancement and treatment—inequalities that persist today. Achieving gender parity for all women will take nearly 50 years, and for women of color, the timeline more than doubles compared to white women. C-suite/executive leadership teams in advertising agencies are 80.7% white, 7.64% Asian, 5.41% Hispanic/Latina/Latinx and 2.97% Black/African American. These figures highlight just a small part of the work still to be done.
Businesses also have additional compelling reasons to double down on DEI. The Summer 2024 Fortune/Deloitte CEO Survey revealed that 40% of CEOs are focusing on diversity, equity and inclusion through strategic priorities over the next 12 months, demonstrating an awareness of its vital role in long-term success and the need to embed DEI throughout an organization. No CEO said that DEI is too big of a problem to tackle. The Edelman survey also found that when asked about the institutions trusted to address racism and injustice in America, 71% of respondents said, “my employer” and 51% said “business,” with “media” and “government” ranking lowest at 37% and 35%, respectively.
Businesses committed to DEI are not simply checking boxes—they’re preparing for the future. An increasingly diverse workforce and consumer demographics demand it. Companies that embrace DEI understand that it’s about better positioning themselves to attract top talent, foster creativity and drive growth.
History shows that corporate commitments to equity and fairness have often transcended political agendas. Even under pressure, companies have shown resilience, adapting their approaches to meet new and complex challenges while maintaining values of inclusion, courage and integrity.
The continuance of these efforts will not depend on which party sits in power. It will depend on how resolutely companies will stand to uphold their values, embrace and leverage the diversity of the American population for long-term business growth and underscore the need for a strategic, accountable, and sustained approach to achieving inclusive progress.
It’s time for business to reaffirm its commitment—and make history again.