The purpose of the project is to demonstrate the company's continued commitment to making the workplace more welcoming and inclusive for all employees.

The chairman of the United States Securities and Exchange Commission, Gary Gensler, has stated that ensuring justice is "literally embedded" in the agency's mission statement. "At the SEC, we work every day to protect investors and facilitate capital formation across the spectrum of communities that make America strong, including underserved communities," Gensler stated in a press statement that was dated September 18, 2023.

The plan is comprised mostly on the following three elements:

Protection for investments that prevents dishonest or manipulative behavior from occurring and safeguards against fraud.

Creating and implementing a flexible regulatory framework that is able to keep up with the ever-changing nature of today's markets, industries, and technologies is a priority for the government.

Creating a powerful team comprised of staff members hailing from a wide variety of different backgrounds who all share a commitment to the agency's core values of equity and inclusiveness.

Gensler suggested that accepting responsibility for one's own actions is necessary in order to inspire other individuals to take significant efforts toward promoting DEIA.

The DEIA Strategic Plan is aligned with the third purpose of the SEC's broader Strategic Plan, which places an emphasis on the significance of having a staff that is competent, diverse, equitable, and inclusive in order to realize the agency's goals. 

The introduction of the project comes in the middle of a broader conversation about the significance of diversity and inclusion in the political and corporate realms. It not only underlines the SEC's dedication to DEIA, but it also provides a framework for other federal agencies who are seeking to increase diversity, equality, and inclusion within their own workforces. This is significant because the SEC is responsible for overseeing the financial markets.