Disney didn't mention 'diversity' in its annual report for the first time since 2019

Core Insights - Disney has omitted the term "diversity" from its 2025 annual report for the first time since 2019, reflecting a shift in its approach to diversity, equity, and inclusion (DEI) initiatives [1][2] - The company has introduced a "Global Belonging Week" event series, emphasizing "inclusion" and "belonging" over traditional DEI terminology, which has become politically charged [1][4] Summary by Sections Annual Report Changes - The latest 10-K form does not include "diversity," "inclusion," "DEI," or "D&I," although "equity" appears 130 times, solely in financial contexts [2] - Previous reports consistently highlighted DEI objectives aimed at reflecting audience life experiences and supporting diverse voices in creative teams [5][6][7][8] Human Capital and Employee Development - Disney mentioned "inclusive" in the "human capital" section, stating that HR programs aim to enhance workplace engagement and inclusivity [3] - The company plans to launch new leadership development opportunities in the 2025 fiscal year [3] Industry Trends - There is a broader trend among companies moving away from the term "diversity" in favor of "belonging" and "culture," as noted by workplace strategist Mita Mallick [4] - A report indicated that the use of "DEI" has decreased by 98% year-over-year among Fortune 100 companies as of May 2025 [5] Previous DEI Initiatives - Disney's past DEI initiatives included programs like the Executive Incubator and Heroes Work Here, aimed at supporting underrepresented groups and military veterans [6][9][10] - The company has established over 100 employee-led groups to represent diverse communities within its workforce [9][10]