Conduent Publishes 2023 Corporate Social Responsibility Report

Rhea-AI Summary

Conduent, a global technology-led business solutions company, has published its 2023 Corporate Social Responsibility (CSR) Report. The report showcases the company's efforts in sustainability, ethical business conduct, and community involvement. Key highlights include achieving a 40-50% reduction in Scope 2 greenhouse gas emissions by 2030 from the 2019 baseline, expanding emissions disclosures, and committing to the Science Based Target initiative. Additionally, Conduent received seven awards for diversity, equity, and inclusion, and its associates volunteered 15,406 hours in local communities. The company's sustainability disclosures align with TCFD and SASB frameworks.

Positive

• Achievement of a 40-50% reduction in Scope 2 greenhouse gas emissions by 2030.
• Commitment to the Science Based Target initiative for emissions reduction.
• Received seven awards for diversity, equity, and inclusion.
• 15,406 hours volunteered by associates in local communities.
• Sustainability disclosures aligned with TCFD and SASB frameworks.

Negative

• No specific financial data or business performance metrics were reported in the CSR.
• CSR reports often do not directly impact stock prices as much as financial reports.

Progress made across Sustainability initiatives through Conduent’s people, technology and solutions

FLORHAM PARK, N.J.--(BUSINESS WIRE)-- Conduent Incorporated (Nasdaq: CNDT), a global technology-led business solutions and services company, today published its 2023 Corporate Social Responsibility Report, outlining the company’s enterprise-wide initiatives to conduct business ethically, responsibly and sustainably to better serve its stakeholders.

“Conduent is committed to advancing our sustainability goals and transparently reporting on our progress. We’re proud of the work we do to deliver critical benefits and services for our clients and the millions of consumers they serve,” said Cliff Skelton, Conduent President and Chief Executive Officer. “Our sustainability initiatives are aligned and integrated with our company strategy and support our clients, associates, local communities and shareholders.”

Some highlights of the 2023 CSR report:

• Reached our goal of a 40-50% reduction in Scope 2 greenhouse gas emissions by 2030 over our 2019 baseline.
• Expanded our emissions disclosures and committed to the Science Based Target initiative.
• Received seven awards for diversity, equity and inclusion.
• Associates volunteered 15,406 hours in local communities.

Conduent’s Sustainability disclosures align with the Task Force on Climate Related Financial Disclosures (TCFD) and Sustainability Accounting Standards Board (SASB) framework.

To read the complete Conduent 2023 Corporate Social Responsibility Report, visit https://www.conduent.com/corporate-social-responsibility/.

About Conduent

Conduent delivers digital business solutions and services spanning the commercial, government and transportation spectrum – creating valuable outcomes for its clients and the millions of people who count on them. The Company leverages cloud computing, artificial intelligence, machine learning, automation and advanced analytics to deliver mission-critical solutions. Through a dedicated global team of approximately 59,000 associates, process expertise and advanced technologies, Conduent’s solutions and services digitally transform its clients’ operations to enhance customer experiences, improve performance, increase efficiencies and reduce costs. Conduent adds momentum to its clients’ missions in many ways including disbursing approximately $100 billion in government payments annually, enabling 2.3 billion customer service interactions annually, empowering millions of employees through HR services every year and processing nearly 13 million tolling transactions every day. Learn more at http://www.conduent.com.

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Trademarks

Conduent is a trademark of Conduent Incorporated in the United States and/or other countries. Other names may be trademarks of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240605638727/en/

Media:

Sean Collins, Conduent, +1-310-497-9205, Sean.Collins2@conduent.com

Investor Relations:

Giles Goodburn, Conduent, +1-203-216-3546, ir@conduent.com

Source: Conduent Incorporated

FAQ

What is the main focus of Conduent's 2023 CSR Report?

The main focus is on sustainability, ethical business conduct, and community involvement.

What are the key achievements mentioned in Conduent's 2023 CSR Report?

Key achievements include a 40-50% reduction in Scope 2 greenhouse gas emissions by 2030, seven awards for diversity, equity, and inclusion, and 15,406 hours of community volunteer work.

What sustainability frameworks does Conduent align with?

Conduent's sustainability disclosures align with the Task Force on Climate Related Financial Disclosures (TCFD) and Sustainability Accounting Standards Board (SASB) frameworks.

How did Conduent perform in terms of emissions reduction?

Conduent achieved a 40-50% reduction in Scope 2 greenhouse gas emissions by 2030 based on its 2019 baseline.

What is Conduent's commitment regarding emissions disclosures?

Conduent has expanded its emissions disclosures and committed to the Science Based Target initiative.

How many hours did Conduent associates volunteer in 2023?

Conduent associates volunteered 15,406 hours in local communities in 2023.

Has Conduent received any awards for diversity and inclusion?

Yes, Conduent received seven awards for diversity, equity, and inclusion.