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Costco-Size Values

Sep 18
4 min read

Updated: Sep 21

The impact of DEI policy.


I recently brought my dad to Costco for his very first time. Watching him navigate the warehouse wonderland—running into old friends in every other aisle like the mayor, marveling at bulk dental floss (“Is this a store for dentists?”), and giving Michelin-star reviews of free samples—was pure joy.


By the exit, he declared the $1.50 hot dog—with a large soda!—a miracle.

That moment stuck with me. How has Costco managed to stay so grounded—so them and so beloved—even as the corporate world pivots with every MAGA move?


Costco’s Commitment to Values

In a striking show of corporate integrity, over 98% of Costco shareholders recently voted down an anti-DEI proposal—a rare, unequivocal statement in favor of inclusion and equity. While other companies are scrambling to react to shifting political winds, Costco is doubling down on what it has always believed in.


Costco Our Holistic Approach with sustainability text and seven colorful SDG tiles.
Costco Sustainability Commitment


And guess what? It’s paying off. Despite (because of?) their continued commitment to DEI, Costco’s stock is up 8.79% YTD (as of 11:35AM on July 14, 2025), just about the same as the broader SP 500’s 6.47%. And compared to similar companies that have rolled back their more progressive initiatives: Walmart, +6.03% YTD; Target, -27.42% YTD; Lowe’s, -18.68% YTD; Amazon, -2.82% YTD, Costco is leading the pack.


The DEI Stress Test of 2025

The current political climate has inadvertently become a stress test for corporate America, separating the genuinely mission-driven companies from those who only ever viewed values as a branding tool. And I can’t help but see this is a sliver of silver lining in these otherwise dark times, as I have personally experienced the downside of insincere corporate social commitment.


Indeed, I once worked for a company that looked great on paper: a certified B Corp, with a website declaring its commitment to feminism. But behind the "feminist" campaigns trumpeted to clients and prospects, the company failed to offer paid family leave or promote any mothers to partnership. That kind of “feminist washing” felt more manipulative than honest indifference—because it wasn’t just hypocrisy, it was deception dressed up as virtue. And I believe it did more harm to both team members, like me, who have life-long, sincere commitments to social justice, and to clients, who were being duped into supporting a firm that didn’t actually share some of their most sacred ideals.


Companies That Mean It—And Companies That Don’t


✅ Companies Staying True to Their Values

These companies haven’t just talked the talk—they’ve backed up their values with action, even under pressure:

❌ Companies Walking It Back

These companies have scaled back or rebranded their DEI efforts, often without transparency—highlighting a more reactive, brand-protective approach:

The Bottom Line: Values as Strategy, Not Just Marketing


What we're witnessing isn't just a corporate values crisis—it's a clarifying moment. The current political climate has separated companies that genuinely believe in their stated values from those who treated them as disposable marketing tools. The evidence is compelling: companies like Costco, Apple, and Ben & Jerry's aren't just surviving their commitment to inclusion—they're thriving because of the impact of DEI.

Perhaps most importantly, this moment has given us something invaluable: clarity. We now know which companies mean what they say and which ones will pivot with the political winds. For consumers who care about supporting businesses that align with their values, this transparency is a gift. So here's to the silver lining in these challenging times: We finally have a clear map of corporate integrity.

Now go to Costco, stock up on a 2,000-pack of Snickers and tub of Cherry Garcia, and prepare to comfort-eat your way through the next 3 years knowing your dollars are supporting a company that actually means what it says.

At least you'll be stress-eating ethically.


Giant ice cream sundae in a white bowl, topped with whipped cream, cherry, chocolate sauce, and colorful candies on a gray backdrop

Ms. Money is written by Marisa Rothstein, JD, CFP(t), AEP, and Lead Financial Advisor at Siena Private Wealth, A Member of Advisory Services Network, LLC.
Nothing contained in this article should be construed as investment, legal or tax advice. Consult your tax or legal advisor regarding your situation. To learn more about Siena Private Wealth, visit: www.sienaprivate.com. All information contained herein is derived from sources deemed to be reliable but cannot be guaranteed. All views/opinions expressed in this newsletter are solely those of the author and do not reflect the views/opinions held by Advisory Services Network, LLC.

Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general. Indexes are unmanaged and do not incur management fees, costs, or expenses. It is not possible to invest directly in an index.
 
 
 

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