DUBLIN, Calif., Nov. 3, 2021 /PRNewswire/ -- TriNet, a
leading provider of comprehensive human resources for small and
medium-size businesses (SMBs), announced the release of its
inaugural TriNet Environmental, Social and Governance (ESG)
report, as introduced on its third-quarter 2021 financial earnings
call on October 25. The report
details the central role ESG plays in TriNet's
operations.
"By being intentional about our focus on ESG standards, we can
directly impact our stakeholders—from the thousands of small and
medium-size businesses we serve and their employees, to TriNet's
own colleagues and our investor community," said TriNet President
and CEO Burton M. Goldfield.
"Our inaugural ESG report helps establish a benchmark of corporate
responsibility for us to measure all our initiatives moving forward
and gives us a roadmap for how to lead by example and action."
TriNet's release of its initial ESG report provides additional
transparency to its stakeholders, as well as details on its
sustainability practices, social responsibility, and robust
corporate governance framework. Through the information disclosed
in the report, TriNet underscores its core values (Lead with the
Customer, Stand Together, Act with Integrity, Make an Impact, Be
Incredible), which remain the foundation of the company's culture.
The company plans to share its ESG progress on an annual basis.
"Identifying, tracking and reporting on ESG-related initiatives
within a governance framework is essential for us to ensure we are
making responsible decisions and taking actions that are in line
with our company's mission, vision and values," said TriNet Senior
Vice President, Chief Legal Officer and Secretary Samantha Wellington. "This ESG report is the
next step in our efforts to report on areas where TriNet strives to
have impact, as well as what we are doing to achieve those goals.
We believe that our efforts to increase our transparency to our
stakeholders are a key element in fulfilling our vision of becoming
the most trusted advisor to the small and medium-sized business
community."
The report imparts TriNet's commitment to its customers,
colleagues and community, especially in the wake of the COVID-19
pandemic. Highlights of TriNet's 2021 ESG report include:
Return to the office (RTO): TriNet developed an RTO
program that compares to pre-pandemic work requirements but will
result in fewer people commuting to and from offices, thereby
reducing office space, energy usage and related emissions.
Paper protection: TriNet encourages its customers'
employees to move away from paper checks. In 2021, TriNet reduced
paper paychecks by 51% from 2019.
The Green Team colleague resource group (CRG): The
TriNet Green Team—one of a number of TriNet CRGs—provides TriNet
colleagues a place to come together, share, and drive
environmentally focused ideas related to awareness, sustainability,
environmental justice and equity.
Diversity, Equity and Inclusion (DEI): TriNet
informs how it executes on its DEI strategy. This framework is
built upon foundational principles to align all its DEI work in
support of three pillars of execution: education and awareness,
communications and marketing, and HR standards, practices and
talent.
Leadership development: TriNet works to develop a
pipeline of diverse leadership talent from within the company
through a curriculum made up of formal courses, coaches, mentors
and informal leader cohorts. TriNet also offers a rotational
program that pairs one or two colleagues with a business leader or
member of the executive leadership team to serve as that person's
chief of staff for 18 to 36 months.
Pay transparency: TriNet implements voluntary practices
that supplement its compliance with pay transparency laws—from
adding procedural steps during the recruiting process to
integrating multiple teams to help identify market pricing for
jobs.
Board composition: Currently, 12 directors serve on
TriNet's board, including four directors who identify as women and
three directors from historically underrepresented communities.
TriNet has added three new directors since November 2020.
Enterprise risk management (ERM): Building upon its
established risk management strategies, TriNet launched a
comprehensive enhancement to its ERM in 2021. To ensure
coordination, consistency and economies of scale to improve
TriNet's current risk management practices, TriNet is designing its
ERM program with the intent of identifying, prioritizing, analyzing
and remediating important risks.
Privacy and Data Security: TriNet's multi-focused
approach to safeguarding the privacy and security of the
information it receives—from annual in-house training of colleagues
to systems designed to keep information assets secure within
recognized industry standards.
About TriNet
TriNet (NYSE: TNET) provides small and medium-size businesses
(SMBs) with full-service HR solutions tailored by industry. To free
SMBs from HR complexities, TriNet offers access to human capital
expertise, benefits, risk mitigation and compliance, payroll and
real-time technology. From Main Street to Wall Street, TriNet
empowers SMBs to focus on what matters most-growing their business.
TriNet, incredible starts here. For more information,
visit TriNet.com or follow us on Twitter.
Investors:
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Media:
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Scott
Smith
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Renee
Brotherton
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TriNet
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TriNet
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Investorrelations@TriNet.com
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PR@TriNet.com
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(408)
646-5103
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SOURCE TriNet Group, Inc.