NEW YORK, June 6 (Xinhua) -- Nike has joined a growing list of companies that includes JPMorgan Chase & Co., Constellation Brands Inc. and Akamai Technologies Inc. that are either canceling or delaying publication of their so-called sustainability or corporate impact reports for shareholders.
"While companies aren't legally obliged to disclose such information, most S&P 500 members did so in 2024," noted Bloomberg News about the change on Friday.
For more than a decade, this is usually the time period when companies tout the steps they're taking to lower carbon emissions and improve the diversity, equity and inclusion (DEI) of their businesses, said the report.
"Opposition to these reports first surfaced about three years ago when GOP lawmakers and activists began pressing companies to scale back such efforts. And some companies have reacted by taking steps such as scrubbing ESG (environmental, social and governance) and DEI-related words from public documents," it said.
The election of President Donald Trump has further empowered the anti-DEI movement. During his first week in the White House, he signed executive orders ending federal diversity programs and restricting gender definition to two sexes, male and female, it added. ■