Gap Inc. has updated its 10-K filing to include revised risk factors concerning diversity, equity, and inclusion (DEI) initiatives. The company noted heightened scrutiny of corporate diversity programs as a potential risk to its business operations.
As part of this revision, Gap Inc. has adjusted its terminology in some sections of its report, opting to use 'inclusion and belonging' instead of 'diversity, equity and inclusion.' This change reflects an adaptation to the evolving landscape surrounding corporate DEI efforts.
This disclosure highlights the company's awareness of external pressures and its proactive approach to managing potential impacts on its business. The revised language aims to clarify the company's stance and mitigate associated risks in a dynamic environment.
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