Molson Coors is the latest addition to a growing list of companies reversing their diversity, equity and inclusion policies.
Molson Coors will also ensure all corporate charitable giving programs are focused on supporting "core business goals" such as alcohol responsibility, disaster relief efforts and promoting access to higher education.
Although conservative activist Robby Starbuck characterized the moves as preemptive changes in response to his probe into the company's DEI practices one week ago, Molson Coors says in its memo that the decision "has been in process since March."
Molson Coors' decision comes after a wave of retailers over the summer took a step back in their DEI efforts.
Corporate DEI practices received renewed interest in the wake of the murder of George Floyd and the Black Lives Matter protests of 2020, but have struggled in the aftermath of the Supreme Court decision to overturn affirmative action in colleges.
Persons:
Molson Coors, Robby Starbuck, Davidson, Lowe's, George Floyd
Organizations:
Molson, CNBC, Molson Coors, Groups, Business, Tractor Supply, Human Rights, Companies, Harley, Ford
Locations:
U.S, America