Links between executive pay and diversity goals lost ground in large companies’ most recent annual filings as American corporations retreat from DEI.

Twenty-nine members of the S&P 500 dropped diversity, equity and inclusion goals from executives’ pay metrics in company statements filed during the 2024 proxy season, up from 20 in the period a year earlier, according to advisory firm WTW. The number of companies adding DEI measures to compensation calculations meanwhile fell to 26 from 81.