Skip to content
  • MyNewMarkets.com
  • Claims Journal
  • Insurance Journal TV
  • Academy of Insurance
  • Carrier Management
Insurance Journal - Property Casualty Industry News

Featured Stories

  • 2024 P/C Combined Ratio Best in More Than a Decade
  • Judge Backs 17% State Farm Rate Hike in California
  • Articles
  • Jobs
  • Markets

Current Magazine

current magazine
  • Read Online
  • Subscribe
  • Login
  • Front Page
    • National
    • International
    • Most Popular
    • Magazine
    • Forums
    • Blogs
    • Videos/Podcasts
    • Newsletters
  • News
    • Most Popular
    • National
    • International
    • East
    • Midwest
    • South Central
    • Southeast
    • West
  • Magazines
  • Research
  • Directories
  • Jobs
  • Features
    • Events
    • Forums
    • Market Directories
    • Quotes
    • Polls
    • Rankings & Awards
    • Insurance Giving Back
  • Subscribe

British Drugmaker GSK Abandons Diversity Targets Following Trump Pressure

By Maggie Fick | February 28, 2025
Email This Subscribe to Newsletter
  • Article
  • 0 Comments

British drugmaker GSK will no longer set diversity targets, it said on Thursday, as it became the latest company to scale back or abandon such goals in response to the U.S. president’s opposition to them.

President Donald Trump has issued a series of executive orders cutting federal diversity, equity and inclusion (DEI) programs that attempt to promote opportunities for women, ethnic minorities, LGBTQ+ people and other traditionally under-represented groups.

He has said the programs are illegal and has threatened investigations into them.

In its annual report published on Thursday, GSK said it had largely met previous targets on increasing diversity in ethnicity and gender in leadership.

It also said it remained committed to operating as a responsible business with an inclusive culture, but that it would make changes “including no longer setting aspirational targets for our leadership and supplier programs.”

“We have paused, and in some cases, stopped certain initiatives to ensure we remain compliant with the law in the countries in which we operate, including the United States,” GSK said in its report.

Rival UK drugmaker AstraZeneca said in its annual report published last week that it remained committed to its diversity and inclusion targets. A spokesperson for Danish drugmaker Novo Nordisk said earlier this month that the company also remained committed to is DEI program.

GSK on Thursday also proposed increasing the annual salary of its Chief Executive Emma Walmsley to as much as 21.6 million pounds ($27.27 million), from 10.6 million pounds ($13.38 million) in 2024.

To reach that payout under the remuneration committee’s proposed new policy, GSK’s share price would need to increase by 50%, according to the annual report.

It said Walmsley’s current pay was insufficient to reward her performance “or to provide the appropriate capacity for succession.”
AstraZeneca CEO Pascal Soriot earned 14.7 million pounds in 2024 and could earn as much as 25.2 million annually under a new pay policy.

($1 = 0.7920 pounds)

(Reporting by Maggie Fick; editing by Barbara Lewis)

Copyright 2025 Reuters. Click for restrictions.

Was this article valuable?

Thank you! Please tell us what we can do to improve this article.

Thank you! % of people found this article valuable. Please tell us what you liked about it.

Here are more articles you may enjoy.

Q1 Shows ‘Clear’ Signs of Commercial P/C Softening, Says CIAB
‘Don’t Get in My Way,’ the New Acting Head of FEMA Warns Staff
US House Bill Reintroduced to Rid Federal Insurance Office of Subpoena Power
Brett Favre’s Defamation Suit Against State Auditor Can Move Forward, Court Says

Interested in Diversity?

Get automatic alerts for this topic.

Email This Subscribe to Newsletter
  • Categories: International & Reinsurance NewsTopics: diversity and inclusion (D&I), diversity equity inclusion (DEI), environmental social and governance (ESG) criteria, GSK, talent management
  • Have a hot lead? Email us at newsdesk@insurancejournal.com

Add a CommentSee All Comments (0)Add a Comment Cancel reply

Your email address will not be published. Required fields are marked *

*

*

More News
EU to Propose Removing Business Barriers to Enhance Competitiveness Amid US Tariffs
Former Progressive CEO Renwick, 69, Dies
Hack of Contractor Was at Root of Massive Federal Data Breach
Acrisure Secures $2.1 Billion Funding Round for M&A, Tech
More News Features

Read This Next

  • British Drugmaker GSK Abandons Diversity Targets Following Trump Pressure
  • Bayer Seeks Roundup Settlement, Explores Monsanto Bankruptcy: Reports
  • Maine Weighs What to Do When Religion Collides With Auto Insurance
  • Lloyd's Has 'Laser Focus' on Oversight of Coverholders to Proactively Avoid Market Risk
  • Berkshire Shareholders Reject Diversity, AI Proposals

Insurance Jobs

  • Analyst, Financial Systems Management - Hartford, CT
  • Agile Product Owner – PPM Deluxe Property - Hartford, CT
  • Senior Quality Assurance Specialist – Business Insurance Operations - Hartford, CT
  • Director, Work, Rewards, & Careers - New York, NY
  • Early Career Trial Attorney (Remote – Bronx / Westchester area) - Tarrytown, NY
MyNewMarkets
  • 5 Ways to Prepare for Healthcare Liability Changes in 2025
  • What's Next For Workers' Comp?
  • Soft D&O Market May Come to an End as Risk Complexities Rise
  • Exclusions: Active Assailant Coverage - Oh My!
  • 10 Things to Know About Insuring Boats & Marinas
Claims Journal
  • Marks & Spencer Says Cyberattack to Cost $403 Million
  • APCIA Says Record Shows 'Minimal Complaints' on Hurricane Milton, Helene Claims
  • Mitchell: Claims Frequency of Battery Electric Vehicles up as Sales Face Tariff Threat
  • Fire on Chevron Oil Platform Offshore Angola Injures 17
  • AF Group Claims Exec Embracing AI, But He Won't Measure Success by Replacing People
Academy of Insurance education
  • May 22 Commercial Property: Five Bombs and How to Defuse Them
  • June 5 E&O and Hard Markets: How Trying to Keep a Client Might Cause Trouble
  • June 12 Rating AI Tools: Balancing Functionality and Security
  • June 19 Can You Hear Me? Yes, I Am Listening!

Insurance News

  • News by Region
  • News by Topic
  • Yesterday

Site Search

Features

  • Insurance Markets Directory
  • Forums
  • A.M. Best Company Ratings
  • Industry Events
  • Agencies For Sale
  • Newswire
  • Insurance Jobs
  • Rankings & Awards

Connect with us

  • Email Newsletters
  • Magazine Subscriptions
  • For Your Website
  • RSS Feeds
  • Twitter
  • Facebook
  • LinkedIn
  • Do Not Sell My Info

Insurance Journal

  • Submit News
  • Advertise
  • Subscribe
  • Reprints
  • Link to Us
  • Contact Us

Wells Media Group Network

  • Insurance Journal
  • MyNewMarkets.com
  • Claims Journal
  • Insurance Journal TV
  • Academy of Insurance
  • Carrier Management
© 2025 by Wells Media Group, Inc. Privacy Policy | Terms & Conditions | Site Map