Costco shareholders voted down an investor proposal from a right-leaning think tank that urged management to investigate the business risks of DEI.

Costco’s board of directors are rejecting anti-diversity, equity and inclusion (DEI) efforts, noting the company will defend “respect and inclusion” as efforts are underway nationwide to strike

DEI has its defenders at Costco. Shareholders rejected--by a vote tally of around 98% to 2%--a proposal by a conservative activist group pushing the company to revisit its DEI policies. While many other companies have retreated from their DEI programs,