Overview

• BlackRock's 2025 annual report omits references to diversity, equity, and inclusion (DEI), replacing them with terms like 'connectivity and inclusivity.'
• The company removed its three-pillar DEI strategy and no longer includes gender and racial workforce demographics in its report.
• This change follows President Donald Trump's executive order targeting DEI programs and broader political backlash against 'woke' corporate practices.
• BlackRock CEO Larry Fink has faced criticism from both political conservatives for being 'too woke' and climate activists for insufficient environmental action.
• Other major financial firms, including Bank of America, Wells Fargo, and Goldman Sachs, have similarly scaled back DEI initiatives in response to legal and political pressures.