Human Capital Disclosure Report
What’s in this report from Seyfarth Shaw:
Law firm Seyfarth Shaw’s third annual human capital disclosure report analyzes the human capital management disclosures of 200 S&P 500 companies across 10 industries.
The SEC requires publicly listed companies to provide disclosures describing the management of their human capital resources. As such, human capital management has become intertwined with environmental, social and governance (ESG) strategy over the past several years. In the past year, political headwinds, state laws and court challenges sought to deter ESG, and most notably, diversity, equity and inclusion (DEI) efforts.
A few key insights:
- Seyfarthsaw an increase in the number of human capital management disclosures reviewed specifically referencing culture up an average of 82.5% across industries.
- Most disclosures included reference to DEI efforts with 93.5% of the disclosures reviewed across industries including references to DEI principles.
- Numbers were consistent in references to pay equity reviews in the human capital management disclosures reviewed — with 28.5% across all categories mentioning pay equity efforts — and most industries reflecting the same or increased references to pay equity reviews.
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