Exhibit 1.01


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Conflict Minerals Report For Calendar Year 2025

This is The Walt Disney Company’s 2025 (January 1 to December 31, 2025) Conflict Minerals Report (“CMR”) pursuant to Rule 13p-1 of the Securities Exchange Act of 1934, as amended (the “Conflict Minerals Rule”).
Background
The Walt Disney Company, together with its subsidiaries, is a diversified worldwide entertainment company with operations in three segments: Entertainment, Sports and Experiences. For convenience, the terms “Company,” “Disney,” “we,” and “our” are used in this CMR to refer collectively to the parent company, The Walt Disney Company, and its consolidated subsidiaries through which its various businesses were actually conducted during calendar 2025.
The products we sell that may include gold, columbite-tantalite (coltan), cassiterite, wolframite or their derivatives, tantalum, tin, and tungsten (collectively, the “Subject Minerals” or “3TG”), that are necessary to the products’ functionality or production (“necessary Subject Minerals”), are items such as clothing, accessories, electronic toys, jewelry, and other consumer goods. We classify these items together as retail merchandise, and that is the product category covered by this CMR. We sell many of these items at our entertainment venues, including our parks and resorts, and directly through Disney Stores, including our online stores. We also sell retail merchandise wholesale to other retailers.
The sale of retail merchandise in calendar 2025 was nominal. Due to the dynamic nature of our business, the items we sell change rapidly, regularly replaced by other items sourced from other suppliers. The Company does not manufacture any of the retail merchandise it sells, sourcing the specific merchandise items that may contain Subject Minerals from suppliers. Many of our suppliers themselves source components of these items from numerous other suppliers, and our direct suppliers are often many steps removed from the source of the raw materials contained in the items. In addition, in many cases the items we acquire from a supplier represent a small portion of the supplier’s total production. The number, diversity, and frequent turnover of the retail merchandise we sell, the number and turnover of suppliers, and our remote position in the supply chain make it difficult for us to determine and track the source of individual items, the nature of the raw materials included in the items, and the source of those raw materials.
Our Conflict Minerals Compliance Program (the “Program”) is designed to collect relevant information about the sources of raw materials in our products that is as complete as reasonably possible given the large number and diversity of products we sell and in light of our position in the supply chain.
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Our Program is focused on identifying suppliers of retail merchandise that may contain necessary Subject Minerals and gathering information about the supply chain practices of those suppliers. The Program conforms in all material respects to the elements of the guidance set forth in the Organisation for Economic Cooperation and Development Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas: Third Edition (the “OECD Guidance”). Consistent with the OECD Guidance, our Program includes:
strong company management systems (including a Conflict Minerals Policy and an established internal management structure);
identification and assessment of risk in the supply chain through a Reasonable Country of Origin Inquiry (“RCOI”);
a strategy to respond to identified risks through due diligence procedures that include follow-up with suppliers who either provide insufficient information to identify sources of necessary Subject Minerals or who provide information indicating that they may source necessary Subject Minerals that may have originated in the Democratic Republic of the Congo or adjoining countries (“Covered Countries”);
a process to support and leverage organizations like Responsible Minerals Initiative’s (“RMI”) independent third-party audits of smelter and refiner due diligence practices1; and
reporting on results of the Program through this CMR.
Company Management Systems
The Company has developed strong management systems that include the following components:
1.Conflict Minerals Policy. A Conflict Minerals Policy that sets out the steps we are taking to comply with the Conflict Minerals Rule. These steps include: the establishment of the internal management structure described below; engagement with suppliers as described in this report; reporting required by the Conflict Minerals Rule; and monitoring developments relating to conflict minerals with an eye to enhancing the Program. Our policy was distributed to suppliers who may supply us with products covered by the Conflict Minerals Rule and is posted on our website at https://impact.disney.com/resources/conflict-minerals-policy/. The policy includes a mechanism for reporting concerns or asking questions regarding the policy.
2.Internal Management Structure. A management oversight structure that includes input from executive-level representatives of Global Product & Labor Standards, Global Public Policy, Legal, Controllership, Investor Relations, and Corporate Communications. These executives are responsible for providing governance and oversight over the execution of the Program and for monitoring the Program’s compliance with regulatory requirements and
1 The Company does not purchase raw materials or ores, does not directly purchase 3TG, and is many steps removed from the smelters and refiners that provide minerals and ores to our suppliers. Because of this, we do not audit or direct audits of smelters and refiners in the supply chain. Instead, we leverage organizations like RMI’s independent third-party audits of smelter and refiner due diligence practices.
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satisfaction of enterprise goals. The day-to-day implementation of the Program is conducted by a Conflict Minerals Compliance Program Team within our Global Product & Labor Standards organization, which is included within our Chief Financial Officer’s purview.
3.Chain of Custody and Traceability. A process that provides support for and engagement with the RMI. The data on which we relied for certain statements in this report was obtained through our membership in RMI using their RCOI report.
Identification and Assessment of Risk Through Reasonable Country of Origin Inquiry
Our RCOI for calendar 2025 included conducting surveys of 91 suppliers that manufactured retail merchandise that may include Subject Minerals to understand their supply chain relating to Subject Minerals.
The calendar 2025 survey responses used RMI’s Conflict Minerals Reporting Template (CMRT), revision 6.5. We received CMRT responses from 91 suppliers, or 100% of the survey group. We supplemented the CMRT with additional questions available in multiple languages designed to provide visibility into these suppliers’ sourcing activities, including the basis for their responses regarding the source of Subject Minerals in the retail merchandise they supplied to us. We also provided these suppliers with access to a technical support specialist during the survey phase and provided training documents in multiple languages that highlight Frequently Asked Questions on Conflict Minerals and Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, as well as instructions on how to complete the CMRT.
Our communications included our expectations for response and noted that the Conflict Minerals Rule was not intended to stop companies and their suppliers from sourcing from the Covered Countries and that such an embargo would be contrary to the intent of the Conflict Minerals Rule.
Based on CMRT survey responses, interviews, and further review of the retail merchandise supplied, we identified 36 suppliers who manufactured retail merchandise for us that most likely contained necessary Subject Minerals. Based on the responses of these suppliers:
for 17 suppliers, the smelters or refiners in their supply chain did not source the necessary Subject Minerals from Covered Countries for the products they supplied to us, and they provided sufficient information regarding their supply chain program for us to determine that such response was reliable; and
for 19 suppliers, at least one smelter or refiner in their supply chain may source Subject Minerals from Covered Countries or unknown countries of origin for the products they supplied to us, and not solely from recycled or scrap sources.

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Due Diligence Measures Performed
Based on our assessment of the survey responses gathered as part of our RCOI for calendar 2025, as described above, we implemented due diligence measures with respect to the suppliers identified in the process above. These measures included:
Performance of targeted follow-up with suppliers who did not initially respond to the survey.
Verification of information regarding smelters and refiners provided by our suppliers with the RMI’s list of conformant smelters and refiners and other lists provided by accredited organizations such as London Bullion Market Association (LBMA) or Responsible Jewelry Council (RJC). Through this effort, we validated the responses of suppliers who indicated that the Subject Minerals in all the products supplied to us did not originate in the Covered Countries.

We also encouraged suppliers who may have sourced Subject Minerals (or product components from sub-suppliers who may have sourced Subject Minerals) from non-conformant smelters or refiners to source from smelters and refiners who were conformant with the relevant RMAP assessment protocols of the RMI, or from another accredited organization.

Smelters, Refiners, and Countries of Origin Information
The 36 surveyed suppliers identified 209 smelters or refiners that supplied them with Subject Minerals.
We identified through the relevant RMAP assessment protocols of the RMI or other accredited organizations that:
197 of these smelters or refiners were conformant to a responsible mineral assurance program (such as RMI)
11 of these smelters or refiners were not conformant to a responsible mineral assurance program (such as RMI)2






2 The 11 smelters or refiners identified as not conformant do not include one smelter or refiner identified by suppliers that closed in 2024.
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The following chart shows conformance status by mineral.
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We cannot determine whether the 11 smelters and refiners that were not conformant with the relevant RMAP assessment protocols of the RMI sourced necessary Subject Minerals from Covered Countries for the retail merchandise we sell.
Also, our surveyed suppliers could not confirm whether each smelter or refiner they used supplied Subject Minerals in retail merchandise manufactured for the Company. Therefore, we are unable to determine with certainty either the facilities used to process or the source (country, mine or other location) of the actual necessary Subject Minerals for all the retail merchandise we sell.
Listed in Attachment A are the identified smelters and refiners based on the information provided by our surveyed suppliers and listed in Attachment B are the origin of the Subject Minerals.


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Attachment A
Smelters and Refiners Identified by Suppliers

The following table identifies each of the smelters and refiners identified by our surveyed suppliers that may have processed necessary Subject Minerals in retail merchandise manufactured by the supplier. The table includes the name of the smelter or refiner, the Subject Minerals supplied by the smelter or refiner, the location of the smelter or refiner, and the certification obtained by the smelter or refiner, if any. Of the 209 smelters and refiners identified below, 197 were conformant with RMAP assessment protocols of the RMI or other accredited organizations. Disney has encouraged its suppliers to work with the non-conformant smelters to gain certification from RMI or other accredited organizations, or to source from certified smelters or refiners.
MineralSmelter or Refiner Name
ISO Country/Region
Code3
CertificationCertified
GoldAbington Reldan Metals, LLCUSYes
GoldAdvanced Chemical CompanyUSYes
GoldAgosi AGDE* ‡ †Yes
GoldAida Chemical Industries Co., Ltd.JPYes
GoldAlmalyk Mining and Metallurgical Complex (AMMC)UZ* †Yes
GoldAngloGold Ashanti Corrego do Sitio MineracaoBR* †Yes
GoldArgor-Heraeus S.A.CH* ‡ †Yes
GoldASAHI METALFINE, Inc.JP* †Yes
GoldAsahi Refining Canada Ltd.CA* †Yes
GoldAsahi Refining USA Inc.US* †Yes
GoldAsaka Riken Co., Ltd.JPYes
GoldAurubis AGDE* †Yes
GoldBangko Sentral ng Pilipinas (Central Bank of the Philippines)PH* †Yes
GoldBoliden Mineral AB (Ronnskar)SE* †Yes
GoldC. Hafner GmbH + Co. KGDE* ‡ †Yes
GoldChimet S.p.A.IT* †Yes
GoldChugai MiningJPYes
GoldCoimpa Industrial LTDABRYes
GoldDowaJPYes
GoldDSC (Do Sung Corporation)KRYes
GoldEco-System Recycling Co., Ltd. East PlantJPYes
GoldEco-System Recycling Co., Ltd. North PlantJPYes
GoldEco-System Recycling Co., Ltd. West PlantJPYes
GoldElite Industech Co., Ltd.TWYes
GoldGlencore Canada Corporation - CCR RefineryCA* †Yes
GoldGold by Gold ColombiaCOYes
GoldGold Corporation - The Perth MintAU* †Yes
GoldGuangdong Jinding Gold LimitedCNNo
GoldHeimerle + Meule GmbHDE* ‡ †Yes
GoldHeraeus Germany GmbH Co. KGDEYes

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International Standards Organization
*LBMA
RJC
RMAP
**RMAP - Active
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GoldHeraeus Metals Hong Kong Ltd.CN* ‡ †Yes
GoldInner Mongolia Qiankun Gold and Silver Refinery Share Co., Ltd.CN* †Yes
GoldIshifuku Metal Industry Co., Ltd.JP* †Yes
GoldIstanbul Gold RefineryTR* †Yes
GoldItalpreziosiIT‡ †Yes
GoldJapan MintJP* †Yes
GoldJiangxi Copper Co., Ltd.CN* †Yes
GoldJX Advanced Metals CorporationJP* †Yes
GoldKazzinc LtdKZ* †Yes
GoldKGHM Polska Miedz Spolka AkcyjnaPLYes
GoldKojima Chemicals Co., Ltd.JPYes
GoldKorea Zinc Co., Ltd.KRYes
GoldL'Orfebre S.A.ADNo
GoldLS MnM Inc.KR* †Yes
GoldLT Metal Ltd.KRYes
GoldMaterionUSYes
GoldMatsuda Sangyo Co., Ltd.JP* †Yes
GoldMetal Concentrators SA (Pty) Ltd.ZA‡ †Yes
GoldMetalor Technologies (Hong Kong) Ltd.CN* ‡ †Yes
GoldMetalor Technologies (Singapore) Pte., Ltd.SG* ‡ †Yes
GoldMetalor Technologies (Suzhou) Ltd.CN* ‡ †Yes
GoldMetalor Technologies S.A.CH* ‡ †Yes
GoldMetalor USA Refining CorporationUS* ‡ †Yes
GoldMetalurgica Met-Mex Penoles S.A. De C.V.MX* †Yes
GoldMitsubishi Materials CorporationJP* †Yes
GoldMitsui Mining and Smelting Co., Ltd.JP* †Yes
GoldMKS PAMP SACH* †Yes
GoldMMTC-PAMP India Pvt., Ltd.IN* †Yes
GoldNadir Metal Rafineri San. Ve Tic. A.S.TR* †Yes
GoldNavoi Mining and Metallurgical CombinatUZ* †Yes
GoldNH Recytech CompanyKRYes
GoldNihon Material Co., Ltd.JP* †Yes
GoldOgussa Osterreichische Gold- und Silber-Scheideanstalt GmbHAT‡ **Yes
GoldOhura Precious Metal Industry Co., Ltd.JPYes
GoldPlanta Recuperadora de Metales SpACLYes
GoldPT Aneka Tambang (Persero) TbkID* †Yes
GoldPX Precinox S.A.CH* †Yes
GoldRand Refinery (Pty) Ltd.ZA* †Yes
GoldREMONDIS PMR B.V.NLYes
GoldRoyal Canadian MintCA* †Yes
GoldSAFINA A.S.CZYes
GoldSEMPSA Joyeria Plateria S.A.ES* ‡ †Yes
GoldShandong Gold Smelting Co., Ltd.CN* †Yes
GoldShandong Zhaojin Gold & Silver Refinery Co., Ltd.CN* †Yes
GoldSichuan Tianze Precious Metals Co., Ltd.CN* †Yes
GoldSolar Applied Materials Technology Corp.TW* †Yes
GoldSumitomo Metal Mining Co., Ltd.JP* †Yes
GoldSungEel HiMetal Co., Ltd.KRYes
GoldT.C.A S.p.AIT* †Yes
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GoldTanaka Kikinzoku Kogyo K.K.JP* †Yes
GoldTokuriki Honten Co., Ltd.JP* †Yes
GoldTOO Tau-Ken-AltynKZ* †Yes
GoldTorecomKRNo
GoldUmicore Precious Metals ThailandTHNo
GoldUmicore S.A. Business Unit Precious Metals RefiningBE* †Yes
GoldUnited Precious Metal Refining, Inc.USYes
GoldValcambi S.A.CH* ‡ †Yes
GoldWEEEREFININGFRNo
GoldWIELAND Edelmetalle GmbHDE‡ †Yes
GoldYamakin Co., Ltd.JPYes
GoldYokohama Metal Co., Ltd.JPYes
GoldZhongyuan Gold Smelter of Zhongjin Gold CorporationCN* †Yes
GoldZijin Mining Group Gold Smelting Co. Ltd.CN* †Yes
TantalumAMG BrasilBRYes
TantalumD Block Metals, LLCUSYes
TantalumF&X Electro-Materials Ltd.CNYes
TantalumFIR Metals & Resource Ltd.CNYes
TantalumGlobal Advanced Metals AizuJPYes
TantalumGlobal Advanced Metals BoyertownUSYes
TantalumHengyang King Xing Lifeng New Materials Co., Ltd.CNYes
TantalumJiangxi Dinghai Tantalum & Niobium Co., Ltd.CNYes
TantalumJiangxi Tuohong New Raw MaterialCNYes
TantalumJiuJiang JinXin Nonferrous Metals Co., Ltd.CNYes
TantalumJiujiang Tanbre Co., Ltd.CNYes
TantalumJiujiang Zhongao Tantalum & Niobium Co., Ltd.CNYes
TantalumKEMET de MexicoMXYes
TantalumMaterion Newton Inc.USYes
TantalumMetallurgical Products India Pvt., Ltd.INYes
TantalumMineracao Taboca S.A.BRYes
TantalumMitsui Mining and Smelting Co., Ltd.JPYes
TantalumNingxia Orient Tantalum Industry Co., Ltd.CNYes
TantalumNPM Silmet OUEEYes
TantalumQuantumCleanUSYes
TantalumResind Industria e Comercio Ltda.BRYes
TantalumRFH Yancheng Jinye New Material Technology Co., Ltd.CNYes
TantalumTaki Chemical Co., Ltd.JPYes
TantalumTANIOBIS Co., Ltd.THYes
TantalumTANIOBIS GmbHDEYes
TantalumTANIOBIS Japan Co., Ltd.JPYes
TantalumTANIOBIS Smelting GmbH & Co. KGDEYes
TantalumTelex MetalsUSYes
TantalumUlba Metallurgical Plant JSCKZYes
TantalumXIMEI RESOURCES (GUANGDONG) LIMITEDCNYes
TantalumXinXing Haorong Electronic Material Co., Ltd.CNYes
TantalumYanling Jincheng Tantalum & Niobium Co., Ltd.CNYes
TinAlpha Assembly Solutions IncUSYes
TinAurubis BeerseBEYes
TinAurubis BerangoESYes
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TinChenzhou Yunxiang Mining and Metallurgy Co., Ltd.CNYes
TinChifeng Dajingzi Tin Industry Co., Ltd.CNYes
TinChina Tin Group Co., Ltd.CNYes
TinCRM Fundicao De Metais E Comercio De Equipamentos Eletronicos Do Brasil LtdaBR**No
TinCRM Synergies EMEA, S.L.U.ESYes
TinDowaJPYes
TinEM VintoBOYes
TinEstanho de Rondonia S.A.BRYes
TinFabrica Auricchio Industria e Comercio Ltda.BRYes
TinFenix MetalsPLYes
TinGejiu Non-Ferrous Metal Processing Co., Ltd.CNYes
TinGuangdong Hanhe Non-Ferrous Metal Co., Ltd.CNYes
TinHuiChang Hill Tin Industry Co., Ltd.CNYes
TinJiangxi New Nanshan Technology Ltd.CN**No
TinLuna Smelter, Ltd.RWYes
TinMagnu's Minerais Metais e Ligas Ltda.BRYes
TinMalaysia Smelting Corporation (MSC)MYClosed
TinMalaysia Smelting Corporation Berhad (Port Klang)MYYes
TinMetallic Resources, Inc.USYes
TinMineracao Taboca S.A.BRYes
TinMining Minerals Resources SARLCDYes
TinMinsurPEYes
TinMitsubishi Materials CorporationJPYes
TinO.M. Manufacturing (Thailand) Co., Ltd.THYes
TinO.M. Manufacturing Philippines, Inc.PHYes
TinOperaciones Metalurgicas S.A.BOYes
TinPT Arsed IndonesiaIDYes
TinPT ATD Makmur Mandiri JayaIDYes
TinPT Bangka Prima TinIDYes
TinPT Cipta Persada MuliaIDYes
TinPT Mitra Stania PrimaIDYes
TinPT Mitra Sukses GlobalindoIDYes
TinPT Premium Tin IndonesiaIDYes
TinPT Prima Timah UtamaIDYes
TinPT Putera Sarana Shakti (PT PSS)IDYes
TinPT Rajehan AriqIDYes
TinPT Timah Tbk KundurIDYes
TinPT Timah Tbk MentokIDYes
TinResind Industria e Comercio Ltda.BRYes
TinRui Da HungTWYes
TinSuper LigasBRYes
TinTakehara PVD Materials Plant / PVD Materials Division of MITSUI MINING & SMELTING CO., LTD.JPYes
TinThaisarcoTHYes
TinTin Smelting Branch of Yunnan Tin Co., Ltd.CNYes
TinTin Technology & RefiningUSYes
TinWhite Solder Metalurgia e Mineracao Ltda.BRYes
TinYunnan Chengfeng Non-ferrous Metals Co., Ltd.CNNo
TinYunnan Yunfan Non-ferrous Metals Co., Ltd.CNYes
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TungstenA.L.M.T. Corp.JPYes
TungstenAsia Tungsten Products Vietnam Ltd.VNYes
TungstenChina Molybdenum Tungsten Co., Ltd.CNYes
TungstenChongyi Zhangyuan Tungsten Co., Ltd.CNYes
TungstenCronimet Brasil LtdaBRYes
TungstenFujian Xinlu Tungsten Co., Ltd.CNNo
TungstenGanzhou Jiangwu Ferrotungsten Co., Ltd.CNNo
TungstenGanzhou Seadragon W & Mo Co., Ltd.CNYes
TungstenGlobal Tungsten & Powders LLCUSYes
TungstenGuangdong Xianglu Tungsten Co., Ltd.CNYes
TungstenH.C. Starck Tungsten GmbHDEYes
TungstenHubei Green Tungsten Co., Ltd.CNYes
TungstenHunan Shizhuyuan Nonferrous Metals Co., Ltd. Chenzhou Tungsten Products BranchCNNo
TungstenJapan New Metals Co., Ltd.JPYes
TungstenJiangwu H.C. Starck Tungsten Products Co., Ltd.CNYes
TungstenJiangxi Gan Bei Tungsten Co., Ltd.CNYes
TungstenJiangxi Tonggu Non-ferrous Metallurgical & Chemical Co., Ltd.CNYes
TungstenJiangxi Xinsheng Tungsten Industry Co., Ltd.CNYes
TungstenJiangxi Yaosheng Tungsten Co., Ltd.CNYes
TungstenKENEE MINING VIETNAM COMPANY LIMITEDVNYes
TungstenKennametal FallonUSYes
TungstenKennametal HuntsvilleUSYes
TungstenLianyou Metals Co., Ltd.TWYes
TungstenLianyou Resources Co., Ltd.TWYes
TungstenMalipo Haiyu Tungsten Co., Ltd.CNYes
TungstenMasan High-Tech MaterialsVNYes
TungstenNiagara Refining LLCUSYes
TungstenPhilippine Chuangxin Industrial Co., Inc.PHYes
TungstenShinwon Tungsten (Fujian Shanghang) Co., Ltd.CNYes
TungstenTANIOBIS Smelting GmbH & Co. KGDEYes
TungstenWolfram Bergbau und Hutten AGATYes
TungstenXiamen Tungsten (H.C.) Co., Ltd.CNYes
TungstenXiamen Tungsten Co., Ltd.CNYes


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Attachment B
Origin of Subject Minerals

The following table identifies the origin of the Subject Minerals as reported by our suppliers.
AngolaGuineaPeru
ArgentinaGuyanaPhilippines
ArmeniaHong KongPoland
AustraliaHungaryPortugal
AustriaIndiaRussian Federation
BelarusIndonesiaRwanda
BelgiumIrelandSaudi Arabia
BermudaIsraelSierra Leone
BoliviaItalySingapore
BrazilJapanSlovakia
BurundiJerseySouth Africa
CambodiaKazakhstanSouth Sudan
CanadaKenyaSpain
Central African RepublicKorea, Republic ofSuriname
ChileKyrgyzstanSweden
ChinaLao People’s Democratic RepublicSwitzerland
ColombiaLuxembourgTaiwan
Congo (Brazzaville)MadagascarTajikistan
Cote d’IvoireMalaysiaTanzania
CzechiaMaliThailand
DjiboutiMexicoTurkey
Democratic Republic of the Congo (Kinshasa)MongoliaUganda
EcuadorMoroccoUnited Arab Emirates
EgyptMozambiqueUnited Kingdom
EstoniaMyanmarUnited States
EthiopiaNamibiaUzbekistan
FinlandNetherlandsViet Nam
FranceNigerZambia
GermanyNigeriaZimbabwe
GhanaPapua New Guinea


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