During the global pandemic, TransUnion (NYSE: TRU) doubled down on
initiatives to foster an inclusive culture and equitable
environment. Rooted in a process of listening, learning and
collaborating with employees, TransUnion made strides toward its
Diversity, Equity & Inclusion (DE&I) goals during the past
year. The company’s 2020 Diversity Report, released today,
spotlights those advancements and the impact on associate
experiences.
Beyond its cultural initiatives, TransUnion remains committed to
advancing sustainable growth around the world, as reflected in the
company’s inaugural 2020 Sustainability Report, also released
today. This report provides an assessment of TransUnion’s progress
against its environmental, social and governance (ESG)
priorities.
“From a global pandemic to the fight for racial equity, the
challenges our society faced in 2020 were monumental. Throughout
the year, TransUnion associates rose to meet these challenges,
coming together to drive lasting change,” said Chris Cartwright,
CEO, TransUnion. “We started by learning from one another and
quickly took action toward our commitments to foster a more
sustainable, inclusive and equitable community. I’m proud of the
progress we’ve made to-date and look forward to more positive
changes in the years to come.”
Diversity Report Highlights Progress in Achieving Gender
Parity & Advancing Underrepresented Populations
The Diversity Report highlights how the company continued to
work toward its two primary global goals to achieve gender parity
by 2030 and a year-over-year increase at all levels of management
for underrepresented groups (those who identify as Black or
Hispanic) in the U.S.
Amid the pandemic, TransUnion’s Gender Equity Steering Committee
directed efforts toward addressing and meeting the new needs and
emerging challenges facing women in the workplace. In 2020,
TransUnion promoted Teedra Bernard to be its first-ever Chief
Talent & Diversity Officer, a role in which she has spearheaded
the company’s ongoing efforts in advancing a diverse, inclusive and
equitable culture. The company also signed the CEO Action on
Diversity & Inclusion™ pledge and launched its Racial
Equity Task Force.
The report noted that the percentage of women in senior
leadership roles at TransUnion has grown to 30% in 2020 from 27% in
2019. Underrepresented groups in the U.S. remained steady at 10%
between 2019 and 2020, though an increase from 8% to 10% occurred
for Director-level associates.
To promote the expansion of diverse talent in senior positions,
TransUnion’s talent acquisition team took steps to attract diverse
leadership talent, as well as foster growth within the
organization. Core initiatives included hiring a diversity
recruitment advisor and expanded partnerships with organizations
focused on diverse talent. TransUnion also provided its Black
leaders in the U.S. an opportunity to participate in McKinsey &
Company’s Black Leadership Academy—a program dedicated to equipping
Black leaders with the core leadership, management and functional
capabilities to achieve their professional aspirations.
Beginning in 2021, TransUnion will incorporate a
diversity-focused compensation modifier into its annual incentive
plan. The modifier will reduce a portion of the CEO and his direct
reports’ annual incentive payments if the company’s two primary
diversity goals are not increased year over year.
TransUnion Accelerating its Focus on Environmental,
Social, and Governance Programming
TransUnion launched its Sustainability Office in 2019 to
accelerate the company’s focus on Environmental, Social and
Governance (“ESG”) programming. Expanding the Sustainability
Program has been a top priority for TransUnion over the past two
years and the inaugural 2020 Sustainability Report demonstrates
this progress.
Among TransUnion’s 2020 accomplishments were quantitative
environmental, social and governance reporting based on
sustainability reporting standards that underscore its progress.
TransUnion’s new Sustainability Report is guided by United Nations
Sustainable Development Goals (“UNSDGs”), Sustainability Accounting
Standards Board (“SASB”), and Global Reporting Initiative (“GRI”)
reporting methodologies.
The company reiterated its commitment to improving its
environmental performance in the report. TransUnion made
operational efficiency improvements that resulted in environmental
benefits, including real estate reductions and migrating part of
its data assets to the cloud. The company plans on disclosing
information on its greenhouse gas emissions and other environmental
metrics in its 2021 report.
TransUnion’s Chicago headquarters electronics waste management
program provided numerous environmental impact benefits including:
58,197 pounds of solid waste diverted from the landfill, 499,829
kWh of energy saved, 15,510 pounds of hazardous waste saved from
entering the environment, and over 20.4 tons of greenhouse gas
emissions saved.
In 2021, TransUnion’s Sustainability Program will focus on
making advancements in the following key areas: diversity and
inclusion, climate change and the environment, information
security, privacy, and lobbying and political contributions.
For more information about TransUnion’s 2020 Sustainability
Report, please click here. The 2020 Diversity Report can be viewed
here.
About TransUnion (NYSE: TRU)
TransUnion is a global information and insights company that
makes trust possible in the modern economy. We do this by providing
a comprehensive picture of each person so they can be reliably and
safely represented in the marketplace. As a result, businesses and
consumers can transact with confidence and achieve great things. We
call this Information for Good®.
A leading presence in more than 30 countries across five
continents, TransUnion provides solutions that help create economic
opportunity, great experiences and personal empowerment for
hundreds of millions of people.
http://www.transunion.com/business
Contact |
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Dave BlumbergTransUnion |
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E-mail |
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david.blumberg@transunion.com |
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Telephone |
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312-972-6646 |
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