JP’s Chief Operating Officer Jenn Piepszak says the team believes the change is more aligned with their approach.
A memo from JPMorgan Chase announced a change to its diversity, equity and inclusion (DEI) programs, to labelling it “Diversity, Opportunity and Inclusion (DOI)” as an effort to sustain market and regulation changes.
The memo released by JP’s Chief Operating Officer, Jenn Piepszak, said the team believes the change is more aligned with their approach. “The ‘e’ always meant equal opportunity to us, not equal outcomes, and we believe this more accurately reflects our ongoing approach to reach the most customers and clients to grow our business, create an inclusive workplace for our employees and increase access to opportunities,” Piepszak said.
In addition to verbiage changes, the new DOI organization will integrate diversity programs into different business avenues, such as human resources and corporate responsibility. As the bank plans to dial back on diversity topics, Piepszak stated the changes will include activities, councils or chapters being “consolidated to streamline our process and engagement strategy.”
The changes have already been updated on the company website, which says, “Together, we’re working toward an inclusive culture for our employees and our business…We know that building a stronger, more inclusive economy that benefits everyone is good for people, business and society.”
However, according to Sustainability Magazine, the company continues to highlight several business resource groups that will continue to work with common interests, garner networking opportunities, and more. Such groups include Access Ability for employees affected by disabilities, Black Organisation for Leadership Development (BOLD), PRIDE for LGBTQ+ employees, allies and management, Women on the Move, and Adelante, a group geared toward Hispanic and Latino employees.
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Source: Black Enterprise
