Conduent Forms Corporate Social Responsibility and Public Policy Committee

Rhea-AI Summary

Conduent Incorporated (Nasdaq: CNDT) announced the formation of a Corporate Social Responsibility and Public Policy Committee by its Board of Directors. This committee aims to enhance the company's commitment to sustainability and ESG practices. CEO Cliff Skelton emphasized the integration of economic, environmental, and social responsibility into their long-term strategy. The committee's focus includes climate change impacts, supply chain diversity, employee well-being, and public policy engagement. Conduent plans to release its Corporate Social Responsibility Report later this year, incorporating updated ESG metrics.

Positive

• Formation of the Corporate Social Responsibility and Public Policy Committee to strengthen ESG commitment.
• Planned release of the Corporate Social Responsibility Report emphasizing transparency in ESG practices.

Negative

• None.

Committee reflects commitment to operating in a socially responsible manner including its ongoing focus on Environmental, Social and Governance practices

FLORHAM PARK, N.J., April 12, 2021 (GLOBE NEWSWIRE) -- Conduent Incorporated (Nasdaq: CNDT), a business process services and solutions company, today announced that its Board of Directors has formed the Corporate Social Responsibility and Public Policy Committee as part of the company’s commitment to operating in a socially responsible manner. This committee was formed to ensure that Conduent’s business strategies and activities remain aligned with important matters related to sustainability, Environmental, Social and Governance (ESG), and Corporate Social Responsibility (CSR).

“Conduent’s dedication to economic, environmental, and social responsibility has always been an integral part of our long-term performance strategy,” said Cliff Skelton, Conduent CEO. “The creation of the Corporate Social Responsibility and Public Policy Committee by our Board of Directors represents an extension and strengthening of our ongoing commitment to conduct business in a socially responsible way.”

The committee will be responsible for assisting the Board in providing oversight of Conduent’s material ESG and social responsibility related strategies, initiatives, investments and policies. Its focus areas will include:

• Impact of climate change and other environmental matters including energy and natural resource conservation
• Supply chain diversity
• Employee health, safety and well-being
• Diversity, equity and inclusion
• Workforce human rights
• Public policy engagement
• Corporate charitable and philanthropic activities
  

Earlier this year, Conduent announced the release of its 2019 ESG metrics, aligned with the Sustainability Accounting Standards Board (SASB) framework and highlighting its strong corporate responsibility and commitment to ESG transparency. Conduent will also release a Corporate Social Responsibility Report later this year that will include an updated SASB Disclosure Framework based on 2020 data.

About Conduent  
Conduent delivers mission-critical services and solutions on behalf of businesses and governments – creating exceptional outcomes for its clients and the millions of people who count on them. Through process, technology and our diverse and dedicated associates, Conduent solutions and services automate workflows, improve efficiencies, reduce costs and enable revenue growth. It’s why most Fortune 100 companies and over 500 government entities depend on Conduent every day to manage their essential interactions and move their operations forward.

Conduent’s differentiated services and solutions improve experiences for millions of people every day, including three out of every four U.S. insured patients, 10 million employees who use its HR Services, and nearly 18 million benefits recipients. Conduent’s solutions deliver exceptional outcomes for its clients including $16 billion in savings from medical bill review of workers compensation claims, up to 40% efficiency increase in HR operations, up to 27% reduction in government benefits costs, up to 40% improvement in finance, accounting and procurement expense, and improved customer service interaction times by up to 20% with higher end-user satisfaction. Learn more at https://www.conduent.com.

Media Contact:
Sean Collins, Conduent, +1- 310-497-9205, sean.collins2@conduent.com
Duane Brozek, Conduent, +1-951-288-9807, duane.brozek@conduent.com

Investor Relations Contacts:
Alan Katz, Conduent, +1-973-526-7173, alan.katz@conduent.com

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Conduent is a trademark of Conduent Incorporated in the United States and/or other countries.

 

FAQ

What is the purpose of the new Corporate Social Responsibility Committee at Conduent?

The committee aims to enhance Conduent's commitment to sustainability and align business strategies with ESG practices.

When will Conduent release its Corporate Social Responsibility Report?

Conduent plans to release its Corporate Social Responsibility Report later this year.

What initiatives will the Corporate Social Responsibility Committee focus on?

The committee will focus on climate change, supply chain diversity, employee well-being, and public policy engagement.

How does Conduent measure its ESG commitments?

Conduent measures its ESG commitments through the release of annual ESG metrics aligned with the Sustainability Accounting Standards Board framework.

What did CEO Cliff Skelton say about the new committee?

Cliff Skelton stated that the committee represents an extension of the company’s commitment to socially responsible business practices.