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

Featured Stories

  • Lengthy Government Shutdown to Impact Insurers
  • FEMA, Customs and Border Protection Staff Data Stolen
  • 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

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.

Gallagher Sues Two Former Brokers Who Started Own Firm
Lengthy Government Shutdown to Impact Insurers, Says AM Best
Acrisure to Lay Off 400 Employees, Citing Tech Advancements and AI Integration
Singer’s Elliott Escalates Battle With Texas Private Equity Firm

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
More News
Markets/Coverages: Special Contingency Risks Offers Enhanced Victim Support Cover
Ex-Fed Official Sees Secular ‘Shocks’ Ahead From Extreme Weather
La Niña’s Back, but Will It Amp Up Hurricane Season?
People Moves: Aon Names Chisholm as Chairman of Asia Reinsurance Solutions; Markel Appoints Luxford as Head of Distribution and MGA Strategy, Australia
More News Features

Read This Next

  • British Drugmaker GSK Abandons Diversity Targets Following Trump Pressure
  • Six-Month Review
  • Florida's Citizens Is Deferring Flood Coverage Proof While NFIP Is Shut Down
  • Be a Leader by Listening to Employees and Clients
  • Walmart Sued for Disability Discrimination at Wisconsin Location

Insurance Jobs

  • Customer Service Agent – Personal Lines - Bethlehem, PA
  • Senior Insurance Agent (3+ Yrs P&C Exp | W-2 | Warm Leads | In-Office Only) Senior Insurance Agent (3+ Yrs P&C Exp | W-2 | Warm Leads | In-Office Only) - Westminster, CO
  • Claims Manager, Insurance & Risk Management - Queens, New York
  • Business Development Representative - Remote/Pittsburgh, PA/Allentown, PA
  • Senior Director Business Insights Delivery - Hartford, CT
MyNewMarkets
  • AI for Agents
  • How to Attract the Next Generation to Insurance
  • 5 Evolving Trends Shaping Architects and Engineers Coverage
  • Rethinking Assault & Battery Liability in Commercial Real Estate
  • From Golf Greens to Sausage Fests: The Wild World of Prize Insurance
Claims Journal
  • Jury Hits Samsung With $445.5M Verdict Over Wireless Communications Patents
  • New York City And Northeast Brace for Flooding Rains From Weekend Storm
  • La Niña Is Back, But It's Weak And May Be Brief. Will It Still Amp up The Atlantic Hurricane Season?
  • EV Estimatics Training Is The Smart Strategic Response to Industry Shifts
  • The World Is Far More Ablaze Now With Damaging Fires Than In 1980s, Study Shows
Academy of Insurance education
  • October 9 Forward Into The Past: Certificates of Insurance, Additional Insureds, and Other Contractual Risk Transfer Issues
  • October 16 Auto Insurance: You Get What You Pay For
  • October 23 Gotchas That'll Getchya - Latest Policy Language That'll Get You Sued
  • October 30 Challenges in Agency Mergers – Reducing Staff Flight and Avoiding E&O Claims

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