https://www.reuters.com/business/trumps-dei-cuts-force-davos-elite-find-new-words-diversity-2025-01-22/
Investment in diversity is also unlikely to dry up because of Trump's moves, said bankers at Davos.
"For the investors of this world, ESG criteria – of which DEI is a part – are very important and will continue to be very important," said Bain & Company's Alexander Schmitz, who heads up the firm's Private Equity practice in EMEA.
"When I look at it from a higher level, the overarching, mega themes of ESG investing are still there: I haven't seen much rolling back of that as yet. If you are a private equity fund and start rolling back DEI strategies, then – among other effects – you will likely have a problem in fundraising and that's not where you want to be."
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Trump needs to "official acts" them into 6 feet under the ground.
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