Thomson Reuters Thomson Reuters issues 2021 Social Impact & ESG Report

 
TIDM0Q89 
 
Thomson Reuters Expands Reporting of Key Metrics in 2021 Social Impact & ESG 
                                    Report 
 
Disaggregated data on racial and ethnic representation now included 
 
GHG emission reductions progress reported; ahead of key commitment of Science 
Based Targets initiative 
 
TORONTO, April 27, 2022 -- Thomson Reuters today issued its 2021 Social Impact 
and ESG Report, which outlines the company's primary environmental, social and 
governance activities and progress. The release of the report follows the 
launch earlier this year of the company's purpose -  Inform the Way Forward. 
 
"Our purpose expresses the role we play for professionals and the institutions 
we serve. It also anchors our ESG efforts, uniting our commercial and societal 
responsibilities: to increase knowledge, to act with courage and integrity, and 
to pursue justice, truth, and transparency. This is central to everything we do 
as a company, embedded in our products and reinforced through our partnerships 
and our people," said Steve Hasker, President and CEO of Thomson Reuters. 
 
The 2021 report expands external reporting on the company's diversity and 
inclusion efforts with disaggregated data on racial and ethnic representation 
and, where available, additional talent representation data. This builds on the 
company's commitment to transparency, as Thomson Reuters continues to focus on 
increasing representation of women and racial and ethnically diverse talent in 
senior leadership roles. 
 
At the end of 2021, women comprised 41% of senior leaders and 16% of senior 
leaders were racially or ethnically diverse. The company's goals are to reach 
45% or more women and 20% or more racial and ethnic representation in senior 
roles by the end of 2022, including a doubling of Black representation from 
2020 levels. Last year, Black representation in senior leadership increased by 
15%. 
 
"Fostering a diverse and inclusive culture of world-class talent is one of our 
top global priorities, and transparency is integral to that work," said Hasker. 
"While we have made some progress, there is still more work to be done." 
 
The report also highlights that Thomson Reuters is in the process of completing 
a comprehensive global ESG materiality assessment, and the company has aligned 
with the United Nations Guiding Principles on Business and Human Rights 
(UNGPs). 
 
Additionally, for the first time, the company is reporting progress on all its 
commitments as a member of the Science Based Targets initiative (SBTi) to 
reduce absolute greenhouse gas (GHG) emissions and to prioritize working with 
suppliers aligned with the Science Based Targets. Thomson Reuters has committed 
to achieving net zero emissions by 2050 or sooner. 
 
Largely through investment in renewable power for its facilities, the company 
has already exceeded its target to reduce absolute Scope 1 & 2 GHG emissions by 
50% by 2030 from 2018 baseline levels - reducing GHG emissions from its direct 
and indirect operations by over 93%, the equivalent of removing approximately 
20,400 passenger vehicles from the road annually. Thomson Reuters is also 
making clear progress on its target to reduce Scope 3 emissions from business 
travel, employee commuting, and fuel and energy-related activities by 25% by 
2025 from 2019 baseline levels. 
 
Twenty-seven percent of the company's suppliers by spend are committed to 
Science Based Targets, as Thomson Reuters continues to refine its procurement 
process to work with more suppliers that share its commitment to 
sustainability. The company is targeting 65% of its suppliers by spend to have 
Science Based Targets by 2025. 
 
Other highlights in the report include: 
 
  * Continued to combat misinformation by providing crucial access to trusted 
    content and data, including the expansion of the Reuters Fact Check unit to 
    review Spanish-language content from Facebook and Instagram in Mexico, and 
    the launch of a partnership with Twitter to provide users of the platform 
    with credible information to make informed decisions. 
  * Partnered with Equality Now to publish the breakthrough report  Ending 
    Online Sexual Exploitation and Abuse of Women and Girls: A Call for 
    International Standards, drawing on legal and editorial expertise of 
    Thomson Reuters Practical Law attorney-editors, who contributed hundreds of 
    hours of pro bono work. 
  * Supported the Thomson Reuters Foundation's TrustLaw, the world's largest 
    pro bono legal network - enabling nearly $20 million worth of free legal 
    assistance globally in 2021 for non-governmental organizations and social 
    enterprises. 
  * Used 100% renewable energy for all global operations for the second year 
    and will continue going forward. 
 
The full report is available at  tr.com/social-impact-report. 
 
Thomson Reuters 
Thomson Reuters is a leading provider of business information services. Our 
products include highly specialized information-enabled software and tools for 
legal, tax, accounting and compliance professionals combined with the world's 
most global news service - Reuters. For more information on Thomson Reuters, 
visit  tr.com and for the latest world news,  reuters.com. 
 
CONTACT 
 
Sarah Schmidt 
Senior Director, 
Commercial Communications & Corporate Affairs 
+1.437.226.7876 
sarah.schmidt@tr.com 
 
 
 
END
(END) Dow Jones Newswires
April 27, 2022 08:00 ET (12:00 GMT)
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