I don't think it's required by law for a publicly traded company to increase profits. I think that's a side effect of shareholders voting.

If Microsoft held a vote on whether or not disclose a report covering diversity I feel like the board would recommend against it and a majority of voters would agree because it could mean decreasing their stock's value.

There is a thing called ethical investing but that can mean investing in stocks that will see lower gains.

All-in-all I feel like it depends a lot on the core of the company and what percentage of the company belongs to different people.

To be clear: I am not a professional and am drunk. This is just my two cents on the topic.