Thomson Reuters Issues 2020 Social Impact Report

Rhea-AI Summary

Thomson Reuters has released its 2020 Social Impact Report, highlighting its initiatives in diversity and inclusion, environmental sustainability, and community support. For the first time, the company disclosed employee racial and ethnic diversity data and set new goals for leadership diversity by 2022, targeting 45% women and 20% racial and ethnic representation. The company received recognition in Refinitiv's D&I Index and scored 100% in the Human Rights Campaign's Corporate Equality Index. Key initiatives included using 100% renewable energy and significant contributions to social justice efforts.

Positive

• First-time disclosure of employee ethnic and racial diversity data.
• New diversity goals for senior leadership by 2022: 45% women, 20% racial and ethnic representation.
• Ranked in Top 50 on Refinitiv's D&I Index.
• 100% score in the Human Rights Campaign Corporate Equality Index for nine consecutive years.
• Commitment to use 100% renewable energy for all operations.

Negative

• None.

Steps Up Action on Diversity and Inclusion - discloses ethnic and racial diversity data for the first time

TORONTO, April 6, 2021 /PRNewswire/ -- Thomson Reuters today issued its 2020 Social Impact Report. The report outlines the company's Environment, Social, and Governance (ESG) activities and progress in areas including diversity and inclusion, access to justice and transparency, environmental sustainability, and community support. 

For the first time, Thomson Reuters has released data on employee racial and ethnic diversity and the company is expanding the number of countries where employee self-identification is possible. Additionally, Reuters News published its first global newsroom diversity report. The company has also set new goals to increase diversity in its senior leadership by 2022, including 45% or more women, 20% or more racial and ethnic representation, and a doubling of Black representation. In 2020, the company was ranked in the Top 50 on Refinitiv's D&I Index, listed as one of America's Best Employers for Diversity by Forbes and, for the ninth consecutive year, scored 100% in the Human Rights Campaign Corporate Equality Index.  

"At Thomson Reuters, we have made fostering an inclusive culture of world-class talent one of our top three global priorities," said Steve Hasker, President and CEO of Thomson Reuters. "Recently, we joined Measure Up, an initiative to encourage companies to self-report their racial and ethnic diversity data. While we have made some progress, we know that we still have much more to do." 

"Diversity and inclusion are just one element of our social impact work, however. Our people and our customers increasingly look to us for leadership and action," said Hasker. "Our products, partnerships and people help to uphold the rule of law, turn the wheels of commerce, catch bad actors, report the facts and inform and educate people, companies and communities globally. From partnering with the world's largest media and technology companies to combat misinformation, to supporting initiatives to stop human trafficking, the work we do strengthens society." 

Other highlights from the 2020 report include:

• Improving access to justice and transparency
• Partnered with law enforcement to help catch human traffickers at the Super Bowl LIV in Miami
• Launched a global fact-checking initiative in partnership with Facebook to verify the accuracy of social media content
• Supporting the global fight against climate change
• Used 100% renewable energy for all operations and will continue going forward
• Joined the Science Based Targets initiative (SBTi) to meet the goals of the Paris Agreement
• Giving back to the communities in which we live and work
• Contributed $1 million to the rebuilding effort in Minneapolis following the tragic death of George Floyd and ensuing unrest  
• Supported the Thomson Reuters Foundation's TrustLaw – the world's largest pro bono legal network – enabling 120,000 lawyers from more than 950 firms and companies to do over $170 million worth of work in over 175 countries since its launch in 2010

The full report is available at www.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:

Brad J. Ryder
+1 437 779-2315
BradJ.Ryder@tr.com

 

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SOURCE Thomson Reuters

FAQ

What is Thomson Reuters' stock symbol?

The stock symbol for Thomson Reuters is TRI.

When did Thomson Reuters release its 2020 Social Impact Report?

Thomson Reuters released its 2020 Social Impact Report on April 6, 2021.

What are the diversity goals set by Thomson Reuters for 2022?

Thomson Reuters aims for 45% women and 20% racial and ethnic representation in senior leadership by 2022.

How did Thomson Reuters rank in diversity and inclusion in 2020?

In 2020, Thomson Reuters was ranked in the Top 50 on Refinitiv's D&I Index.

What percentage did Thomson Reuters score in the Human Rights Campaign Corporate Equality Index?

Thomson Reuters scored 100% in the Human Rights Campaign Corporate Equality Index for nine consecutive years.