REG-Thomson Reuters: Thomson Reuters issues 2021 Social Impact & ESG Report

Thomson ReutersAnnouncement

27/04/2022 13:15

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
(https://c212.net/c/link/?t=0&l=en&o=3516311-1&h=4187293524&u=https%3A%2F%2Fwww.thomsonreuters.com%2Fen%2Fabout-us%2Four-purpose.html&a=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
(https://c212.net/c/link/?t=0&l=en&o=3516311-1&h=4191470528&u=https%3A%2F%2Fequalitynow.storage.googleapis.com%2Fwp-content%2Fuploads%2F2021%2F11%2F13160619%2FEnding-OSEA-Report.pdf&a=Ending+Online+Sexual+Exploitation+and+Abuse+of+Women+and+Girls%3A+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
(https://c212.net/c/link/?t=0&l=en&o=3516311-1&h=2115534849&u=https%3A%2F%2Fwww.thomsonreuters.com%2Fen%2Fabout-us%2Fsocial-impact%2Fsocial-impact-report.html&a=tr.com%2Fsocial-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
(https://c212.net/c/link/?t=0&l=en&o=3516311-1&h=678493636&u=https%3A%2F%2Fwww.thomsonreuters.com%2F&a=tr.com) and
for the latest world news, reuters.com
(https://c212.net/c/link/?t=0&l=en&o=3516311-1&h=1323544143&u=https%3A%2F%2Fwww.reuters.com%2F&a=reuters.com).

CONTACT

 Sarah Schmidt Senior Director, Commercial Communications & Corporate Affairs +1.437.226.7876 sarah.schmidt@tr.com    



Copyright (c) 2022 PR Newswire Association,LLC. All Rights Reserved