Home Depot Named in HRC Survey on DEI Pullback Perceptions
A Human Rights Campaign survey has identified Home Depot as one of the companies perceived by LGBTQ+ consumers as rolling back diversity, equity, and inclusion (DEI) commitments. Nearly three-quarters of LGBTQ+ consumers surveyed report changing purchasing behavior based on perceived shifts in corporate DEI efforts.
Key Numbers
A Human Rights Campaign (HRC) survey has identified Home Depot (NYSE:HD) as one of the companies perceived by LGBTQ+ consumers as rolling back diversity, equity, and inclusion (DEI) commitments. The survey found that nearly three-quarters of LGBTQ+ consumers change their purchasing behavior based on perceptions of corporate DEI efforts.
Details
The survey was based on a sample of LGBTQ+ consumers, who ranked Home Depot among companies seen as scaling back DEI programs. HRC did not provide specific details on actions taken by Home Depot that led to this perception.
Context
This reputational development comes as Home Depot stock trades around $327.48, up 9.2% over the past 30 days. U.S. companies face increasing pressure from advocacy groups and consumers regarding DEI policies, especially after recent Supreme Court decisions.
What This Means for Investors
Negative perceptions around DEI could impact customer loyalty among the LGBTQ+ community, a significant consumer segment. However, Home Depot has not announced any official change to its DEI policies, leaving room for clarification.
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