Reported Tuesday September 3, 2024, 'Molson Coors Rolls Back DEI Initiatives; The Maker Of Coors Light Said It Would No Longer Participate In A Benchmark By The Human Rights Campaign To Measure LGBTQ+ Inclusion' - WSJ
Portfolio Pulse from Benzinga Newsdesk
Molson Coors, the maker of Coors Light and Miller beers, announced it will roll back some of its diversity, equity, and inclusion (DEI) initiatives. The company will no longer participate in the Human Rights Campaign's scoring system for LGBTQ+ inclusion.
September 04, 2024 | 4:38 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Molson Coors (TAP) is reducing its DEI initiatives, including opting out of the Human Rights Campaign's LGBTQ+ inclusion scoring. This move may affect its public image and investor sentiment.
The decision to roll back DEI initiatives and opt out of the Human Rights Campaign's scoring could negatively impact Molson Coors' public image, particularly among socially conscious investors. This may lead to a short-term negative impact on the stock price as investor sentiment could be affected.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100