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Investors Pressure Corporate America With Record Diversity Push

April 22, 2021, 12:51 PM

Shareholders are making their biggest push yet into getting corporate America to look more like America.

A record 30 resolutions focusing on diversity, equity and inclusion will be on the ballots at upcoming annual company meetings, according to data compiled by Bloomberg Intelligence. Racial audits have emerged as a new proposal filed with Wall Street banks and other companies, including Amazon.com Inc.

“Hands down, diversity was thrust to the fore,” said Heidi Welsh of the Sustainable Investments Institute, a Boonsboro, Maryland-based research firm. “When you see more companies move on it, the bad actors will be left standing out.”

Corporate ...