How Major Corporations Are Evolving Their Approach to DEI Disclosures


9 minute read | June.13.2025

Since the start of the second Trump Administration, many companies have modified their approach to diversity, equity and inclusion (DEI).

The extent of these changes is illustrated by the fact that 59 percent of companies in the S&P 500 have significantly revised or removed DEI-related disclosures from their recent filings with the Securities and Exchange Commission (SEC), per recent Orrick research.

In this article for the Harvard Law School Forum on Corporate Governance, Orrick’s Mike Delikat, Hayden Goudy, Tierra Piens and Meghan Conway examine recent SEC disclosures of the S&P 500 and the Fortune 100. They analyze trends in DEI-related program names and phrasing, and the prevalence of DEI-related metrics used for executive compensation programs.