United Kingdom: Asos ditches diversity-linked bonuses

Faced with financial difficulties, online fashion retailer Asos has opted to shift attention from diversity, equity and inclusion by once again linking management bonuses solely to financial targets. The change comes at a time when financial pressures appear to be pushing many companies to stop prioritising diversity.

Through Jessica Agache-Gorse. Published on 07 December 2023 Ă  16h13 - Update on 07 December 2023 Ă  16h13

In the group’s last financial year, 25% of the bonuses of Asos managers (around 4,000 employees) were linked to targets in terms of ‘diversity, equity, and inclusion’ (DEI), taking into account the presence of women and people from ethnic minorities in management positions. The remainder of these bonuses,…

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