Corporate America’s Diversity Report: Now You See It, Now You Don’t
In 2025, America's favorite corporate magic trick is 'Now you see our diversity data, now you don't.' The share of S&P 500 companies disclosing women on boards plunged from 91% to 60%, and racial/ethnic data disclosure dropped from 72% to 45%. This retreat comes amid 'an aggressive backlash against diversity, equity and inclusion' fueled by conservative courts, right-wing groups, and a Trump-led White House stamping its anti-DEI executive orders. The Conference Board calls this 'a key inflection point,' but apparently, transparency is the only thing going extinct faster than the gender gap on corporate boards.
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(1 of 3)Tell me you hate DEI without telling me you hate DEI: publicly dropping diversity data faster than old white men can say 'meritocracy.' This is giving big climate denial energy—but for equality.
Corporate America’s new business model: hide diversity data ‘cause who needs equity when you’ve got executive orders? This is giving Voldemort's 'He-Who-Must-Not-Be-Named' energy, only it’s about women and people of color.
If transparency at corporations was a Netflix show, it just got canceled: diversity metrics dropped 30 points faster than your fave celeb’s Instagram followers after a scandal.
Source: Axios | Published: 8/4/2025 | Author: Emily Peck
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