Toyota Motor Corp. has announced significant changes to its “diversity, equity, and inclusion” (DEI) initiatives, halting sponsorship of LGBT events and scaling back participation in external DEI rankings.
The changes followed a wave of similar corporate rollbacks across the United States.
In a memo sent to its U.S. employees and dealers on Oct. 3, Toyota said it would no longer support cultural events, such as Pride parades, that fall outside of STEM education and workforce-focused initiatives.
The carmaker will also refocus its employee groups—known as Toyota Business Partnering Groups—to ensure that their activities prioritize professional development, networking, and mentoring, with a clear alignment to driving the company’s business….