More than 200 S&P 500 companies scrubbed ‘diversity’ and ‘equity’ from annual reports in 2025

More than 200 S&P 500 (^GSPC) searched words such as “diversity” and “property rights” from its annual reports in 2025, according to Freshfields, a law firm and data provider uses, and about 60 % of S&P companies are the phrase “diversity, fairness, and pressure.”

These new charges provided by Freshfields enhance the decline in the DEI’s broad companies this year after checking the intense diversity policies in Washington, DC.

On his first day in his post, President Trump signed an executive order that ends the federal DEI programs and orders American agencies to “fight the DEI measures for the private sector.”

Some major companies, including Alphabet (Googl, Googl), Meta (Meta), MCDONALD’s (MCD), Amazon (Amzn), JPMorgan (JPM), target (TGT), and tractor supply (TSCO), about about diversity policies.

Last month, the CEO of Tractor Supply Hal Lawton told Yahoo Finance last month that the company’s goal is to change its DEI policies is “removing” itself from any kind of discourse that people considered political or social in its direction.

Many also exchange words such as “diversity” and “fairness” from their annual reports, and instead using terms such as inclusion, belonging and the place of work.

“We are watching a transformation in the language,” said Cosmas Babboulos, CEO of ISS-Corporate.

BAC and Blackrock (BLK) were among the companies in Wall Street, which made such changes.

Bank of America removed all eight signals to “diversity and integration” in its report submitted in February, compared to its deposit in the previous year.

In many places, the second largest bank in the country replaced the “diversity” with “opportunity”, including the renamination of the diversity and inclusive group in the Human Resources Department the opportunity.

Blackrock, the world’s largest money manager, removed four references to “diversity” in the latest annual report, including replacing a section entitled “Diversity, Equity and Inclusion” with one called “connection and comprehensiveness”.

JPMorgan Chase also dropped almost all “diversity, fairness and integration” signals from its annual report and renamed diversity programs to “opportunities” initiatives.

“No one knows what to do.”

What does not happen yet in 2025 is any support for the shareholders of DEI changes of any kind, with or against.

No one of the proposals focused on the investor focused on the investor, which focuses on voting to the shareholders’ approval of the majority, although the percentage of “anti-Dei” files compared to “Pro-Dei” has jumped in recent years.