The percentage of S&P 500 companies revealing female board representation dropped from 91% to 60% between 2024 and 2025. Additionally, disclosure of racial or ethnic diversity metrics declined from 72% to 45% during this timeframe. Over the past decade, there had been substantial progress in transparency regarding demographic data, driven by investors and regulatory bodies. However, conservative pushback against diversity metrics intensified, especially following a Supreme Court ruling against affirmative action and subsequent policy changes under new government leadership, prompting corporations to reevaluate their DEI initiatives.
The share of S&P 500 companies disclosing how many women are sitting on their board of directors fell to 60% in 2025 from 91% the previous year.
Disclosure of racial and ethnic diversity metrics fell to 45% from 72% over the same period.
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