Disney Quietly Axes Diversity and DEI from Its Latest Corporate Report

Disney has removed mentions of “diversity” and “DEI” from its 2025 annual report for the first time since 2019, according to SEC filings reviewed by Business Insider. The report also didn’t include the term “D&I,” which stands for Diversity and Inclusion.

This comes after Disney updated its DEI initiatives earlier this year and introduced a “Global Belonging Week” in October. The company has been favoring terms like “inclusion” and “belonging” instead of “diversity” and “DEI,” which have become politically charged during President Donald Trump’s second term.

Disney’s 10-K form, which it files yearly to inform investors about its business, typically includes details about executive pay, risk factors, and corporate programs. In the 2025 filing, “diversity” was absent, as were “DEI” and “D&I.” The word “equity” appeared 130 times, but only in financial contexts.

The report did, however, mention “inclusive” in a section about human capital. The company said its HR programs aim to “develop talent and enhance the Company’s culture through efforts aimed at making the workplace more engaging and inclusive.” It also highlighted new leadership development and professional coaching opportunities launched in its 2025 fiscal year.

Disney is not alone in moving away from DEI language. Workplace strategist Mita Mallick, author of Reimagine Inclusion, told Business Insider that more companies are using terms like “belonging” and “culture” instead of DEI because the latter can be seen as politically charged.

According to Gravity Research, companies used the phrase “DEI” 98% less in 2025 compared to previous years, based on an analysis of over 1,300 public documents from Fortune 100 companies. “It’s the reality of doing business,” Mallick said.

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