US EditionDisney didn't mention 'diversity' in its annual report for the first time since 2019
Disney's 2025 report excludes 'diversity' and DEI terms amid political scrutiny, favoring 'inclusion' and 'belonging'; DEI phrase usage dropped 98% among Fortune 100 firms in 2025, Gravity Research found.
- On November 13, 2025, The Walt Disney Company filed its 2025 Form 10-K that omitted the words "diversity," "DEI" and "D&I" for the first time since 2019, the filing shows.
- Disney revamped its DEI initiatives earlier this year amid President Donald Trump's second term and last month held a Global Belonging Week emphasizing inclusion and belonging over diversity while removing Reimagine Tomorrow and The Disney Look programs.
- In the filing, Disney used 'inclusive' under a human capital section, mentioned 'equity' 130 times in financial contexts, and recently earned a top score of 100 on the HRC corporate equality index.
- The company filed the 10-K after reporting quarterly earnings on Thursday morning and following its Q4 meeting; the omission matters to investors as the 10-K informs risk and compensation disclosures, while the FCC chairman opened an inquiry and News Digital sought comment.
- Disney's shift follows a broader corporate trend away from DEI terminology, as past 10-Ks detailed executive incubator programs and over 100 employee-led groups to build talent pipelines.
11 Articles
11 Articles
‘Go woke, go broke’: Disney finally ‘ditches’ diversity from annual report
Sky News Digital Presenter Gabriella Power praises Disney for finally “ditching” DEI after the company didn’t mention diversity in its annual report for the first time since 2019. “It seems that Disney is finally ditching DEI,” Ms Power said. “Is Disney finally waking up, finally getting the message? You go woke, go broke.”
Disney Axes 'Diversity' and 'DEI' from Financial Report, Company Event for First Time in Years
A leaked Disney email about a recent employee event reportedly revealed the company has quietly reworked its approach to Diversity, Equity, and Inclusion (DEI), axing the term entirely for the first time since 2019.
Disney Drops 'Diversity,' More DEI Terminology, For First Time In Six Years
Is The Walt Disney Company finally learning its lesson?The once-dominant entertainment industry giant has been on a significant losing streak, as self-inflicted wounds have lessened their brand prestige and created major financial issues. This culminated in yet another disappointing earnings result this week, sending their stock price tumbling. For example, while the S&P 500 has increased roughly 71 percent since March 2021, Disney is down 46 pe…
Disney Drops DEI Terminology From Annual Report for First Time in 5 Years
The Walt Disney Co. has removed the terms related to diversity, equity, and inclusion (DEI) almost entirely from its annual report to U.S. securities regulators for the first time in at least five years, even as the company faces an investigation into its DEI policies and pressure from investors after a disappointing quarter. In Disney’s 2025 Form 10-K filed on Nov. 14, the words “diversity,” “inclusion,” “DEI,” or “diversity, equity, and inclus…
Disney Officially Drops DEI Programs and Shakes Up Executive Team After Disappointing Q4 Stock Results
Huge moves are happening at Disney after the stock dropped more than 7% following a rough Q4 and the beginning of Bob Iger's final year as CEO of Disney. It turns out, the company Walt built might actually be dropping diversity, equity and inclusion initiatives substantively rather than the projection many anticipated. The post Disney Officially Drops DEI Programs and Shakes Up Executive Team After Disappointing Q4 Stock Results appeared first o…
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