• Jamie Dimon reaffirmed JPMorgan’s DEI commitments after pressure from an activist shareholder.

• One group wants JPMorgan to review how compensation is tied to the company’s racial equity goal.

• Donald Trump on Monday signed an executive order ending DEI programs in the federal government.

Jamie Dimon is doubling down on JPMorgan’s diversity, equity and inclusion commitments amid pressure from an activist shareholder.

In an interview with CNBC at the World Economic Forum in Davos, Switzerland, the CEO of JPMorgan he said the bank was continuing to move forward with its DEI work and environmental, social and governance policies.

“Bring them on,” Dimon said of the activists’ efforts. “We will continue to reach out to the black community, the Hispanic community, the LGBT community, the veterans community.”

Dimon is known for working on both sides of the political aisle. In 2020, JPMorgan announced a $30 trillion program aimed at working toward racial equity in personal finance, a move that came as other financial institutions made major commitments to similar causes. JPMorgan’s program included refinancing mortgages and working with historically black colleges and universities.

Dimon’s comments in Davos came after the National Legal and Policy Center, a conservative nonprofit, proposed this month that JPMorgan review how executive compensation is tied to the company’s racial equity goal .

JPMorgan started an “accountability framework” in 2020 to assess executives’ progress toward DEI goals, which affects compensation. The company does not publicly say what proportion of executive pay, including Dimon’s, is tied to DEI work.

JPMorgan and NLPC did not immediately respond to requests for comment.

In recent years, NLPC has sent shareholder proposals focused on climate, China and other issues to large companies.

In a separate interview with CNBC on Wednesday, David Solomon, the CEO of Goldman Sachshe said he had seen news of shareholder proposals but hadn’t looked at any yet.

“We’re advising our customers to think about these things,” Solomon said. “They think about decarbonisation, they think about climate transition. They think about their businesses, how they find talent, the diversity of talent they find around the world.”

Goldman Sachs did not immediately respond to a request for comment from Business Insider.

Shareholders’ proposals – on any subject – do not always end up on the companies’ ballots. Proposals against ESGincluding those opposed to DEI, which went on the ballot, have garnered little support over the past four years, a review by shareholder advisory firm Institutional Shareholder Services found.

The story continues