Goldman Sachs Group Inc. erased diversity targets from a key regulatory filing, becoming the latest Wall Street firm to turn away from specific goals for a more representative workforce after an executive order by President Donald Trump.

Goldman Sachs, which has been vocal about public commitments to diversity and inclusion, is shifting its stance, pointing to the political landscape.

Goldman Sachs is ending its policy that mandated companies have a diverse board for the bank to take them public. The rule, a version of which was implemented in 2020, had said the bank would only underwrite the initial public offerings for companies in the U.

Goldman Sachs has tweaked its diversity initiatives in light of certain developments in the law in the U.S., the Wall Street bank said on Thursday.