Its mission is to inspire collective leadership, empowering people to shape free, fair, and informed societies. This year, we are expanding our external reporting as part of our increased transparency, including disaggregated data on racial and ethnic representation and the introduction of additional diversity talent representation data, where available, for LGBTQ+, disability, and veterans. The report also details progress that Thomson Reuters has made in several other key areas, including its commitment to having a positive community impact, crafting a vision for a sustainable future, and promoting equal access to justice by harnessing smart technology to empower communities that face barriers in legal systems. Additionally, Thomson Reuters aims to require 65% of suppliers by spend to have Science Based Targets by 2025. Team volunteer efforts were also rewarded with grants through our Hour Power and Community Champion Grant programs. The ESG Combined score (TRESGCS): Thomson Reuters ESG Combined Score is an overall company score based on the reported information in the environmental, social and corporate governance pillars (ESG Score) with an ESG Controversies overlay. This partnership has spanned over a decade, and to date, employees have packed over a million meals. Support. Response to the program has been incredibly positive and we have continued to expand the countries in which our employees can voluntarily share this information with us including a new category for religion in select countries, allowing our employees to share this important part of their identity. Explore firm management solutions that streamline tasks, provide timely and accurate business information, and connect all critical areas of law firm operations. Having an environment in which colleagues can authentically be themselves, thrive, feel respected, and grow their careers is critical to driving inclusion and belonging. In the past two years, as COVID-19 shuttered courtrooms everywhere, that challenge grew into a full-fledged crisis. Analyze data to detect, prevent, and mitigate fraud. Every company with at least one reported KPI in a given year is scored from 0 to 1 for each pillar. These kinds of high-profile commitments are only part of the equation. Having an environment in which colleagues can authentically be themselves, thrive, feel respected, and grow their careers is critical to driving inclusion and belonging, the report states. Long-term corporate success in a rapidly changing world depends on avoiding reputational risks and protecting the integrity of the company brand. If you need additional help, you can raise queries and track them too. Legal research tools that deliver more precise research and relevant cases with speed and accuracy. Software that keeps supply chain data in one central location. This allowed the company to reduce GHG emissions from its direct and indirect operations by more than 93%, the equivalent of removing approximately 20,400 passenger vehicles from the road annually. The settlement sets new corporate governance standards for the tech industry. Get more accurate and efficient results with the power of AI, cognitive computing, and machine learning. We have also engaged outside legal counsel to assist us with part of our human rights impact assessment process. Laws have been weaponized against independent journalism, leaving thousands of small publishers and journalists vulnerable to legal attacks that aim to censor their reporting, which can impact their financial sustainability. Core Components: Refinitiv ESG Scoresacross 3 (E, S, G) Pillars and 10 Themes; Refinitiv ESG Scorewhich is discounted for ESG controversies. In 2021, we scored 100% on the Human Rights Campaigns Corporate Equality Index for the ninth consecutive year, were listed among Comparablys Best Companies for Global Culture and one of Americas Best Employers for Diversity by Forbes, among other awards and recognitions. Over 52,000 people engaged with content from the event, a free virtual global conference to drive action and accelerate innovation towards the global economys top priority, the climate emergency. 100% score Human Rights Campaigns Corporate Equality Index, Comparably Best Companies for Best Global Culture, Best Teams Product & Design, and Best Company Outlook 2021, Nearly 67,000 volunteer hours logged by employees, 100% renewable energy for all global operations, Nearly 20M* globally by TrustLaw in free legal assistance for NGOs and social enterprises. As part of the settlement, Alphabet will create an advisory council focused on diversity, equality, and inclusion; the company plans to spend more than $300 million over the next decade on diversity initiatives. Social media platforms have increased our access to information but have also made it easier to access unverifiable and misleading data. And to further democratize access to social learning, networking, and mentorship, we expanded the use of Ten Thousand Coffees, a career development platform. A business management tool for legal professionals that automates workflow. Central to each of these challenges is information integrity. Compiling better diversity data also helps in building a more inclusive newsroom, as referenced in the 2021 Reuters Newsroom Diversity Report, published for the second time this year. In 2019 new Thomson Reuters ESG Scores have been added to Datastream. As the rhetoric around ESG becomes more politicized, how can companies ensure they stay focused on delivering benefits to stakeholders? Prevent, detect, and investigate crime. The company uses a percentile rank scoring methodology to calculate its ESG scores, which are based on over 400 different ESG metrics that are grouped into 10 categories: Resource use . ESG Investment Expected to More Than Double in the Next Three Years New Research Shows. ACCESS. This year, we made sure our offerings provide increased access to diverse talent across our organization. Build your case strategy with confidence. Of course, compliance with new regulations will require U.S. regulators to issue clear data standards. To help Rebuild MSP, we launched a new internal educational series that continued throughout 2021 exploring topics such as racial bias in law enforcement, economies of class, race and ethnicity, the competitive edge of diversity and inclusion, and how the arts can help foster equality. Thomson Reuters ESG Score and Rating (TRI) S&P 500 3,919.29 DOW 32,155.40 QQQ 297.37 Healthcare Stocks With at Least 30 Years of Dividend Increases Free Stock Analysis Report: See The True Value of Any Stock (Ad) Diversify Your Income with These 2 High-Yielding Dividend ETFs Regional Bank Depositors Turn to Bank of America After SVB Fail Perhaps also spurred by recent events, Nasdaq has proposeda new rulerelated to board diversity and disclosure. Protect your reputation by revealing all sources of adverse news and media. Through our work with The Chancery Lane Project, employees moved the needle forward on implementing practical contractual clauses to fight climate change. This is completely voluntary and not required of our employees. Leverage unparalleled Moreover, because there are different sets of reporting standards depending on what companies use, the lack of comparability and consistency would make . more. The benefits and advantages of the incorporation of ESG (Environmental, Social, Governing)-related policies have been discussed extensively. The Government Accountability Office (GAO), in an early July report about ESG reporting, said that a variety of voluntary disclosure regimes leave companies unsure about what standards to use. To study this relationship, we used ESG scores and financial data from the Thomson Reuters ASSET4 and Datastream databases. This year, we report an update on those goals. The Foundations contribution harnesses its combined legal and journalism expertise by facilitating pro bono legal research on human rights laws, legal guidance for NGOs, and legal capacity-building for civil society partners in key countries supported by the Global Fund, alongside training journalists and implementers of Global Fund-funded programs on how to interact with the media and decision-makers more effectively. Banks and lenders can use our ESG Risk Ratings and data as a part of a broader analysis of their clients as well as for innovative product solutions such as sustainability linked . Thomson Reuters ESG Scores assesses the environmental, social, and governance scores of over 6,000 firms worldwide. EMEA +44 20 7330 7500. The loss has been significant for all of us, and we will continue to honor his memory. 1681 et seq. In other words, historical ESG Scores are available company assessment and scoring process. Their flagship, preeminent study on digital news consumption globally focused on changes in how people access news, changing perceptions of trust, and rising concern about misinformation in the tenth addition of its Digital News Report. We also partnered with social impact experts to run training for lawyers on Social Enterprise, ESG and Impact Investing and have been convening law firms and responsible businesses at a series of virtual roundtables to discuss issues related to human rights risks in supply chains. Since 2019, the Foundation has partnered with the Global Fund to Fight AIDS, Tuberculosis and Malaria to support its Breaking Down Barriers initiative with a focus on gender and LGBT+ human rights-related barriers to accessing healthcare in 40 African countries. As material ESG topics and human rights issues will evolve, we plan to monitor these areas so they remain relevant to our business and stakeholders. The lawsuit claims that executives and board members engaged in, or ignored discrimination and retaliated against, those who challenged company leaders. Our ESG scores are designed to transparently and objectively measure a company's relative ESG performance, commitment and effectiveness across 10 main themes, based on publicly available and auditable data. To date, approximately 50 of 104 TCLP clauses have been referenced in Practical Laws materials. Progress on racial equality felt slow, and the world reckoned with greater misinformation than ever before. As consumer awareness and media scrutiny intensify around issues related to sexual misconduct and discrimination, shareholders have turned to lawsuits as a way to hold corporations accountable. Executive compensation has received attention and board management of regulatory, legal, and reputational risks have also emerged as metrics. The insights, perspectives, and solutions we deliver are trusted every day to guide critical decisions and form the foundation for action. We focused on accounting performance, through ROA and ROE, and market . "Within our business, ESG is a priority discussed regularly by our board of directors," Hasker adds. As we look ahead with optimism, a big thank you to our customers, colleagues, and partners for your continued support. We invite you to explore our extended datasheet to view key metrics on our diversity and inclusion, community impact and environmental efforts. Fast track case onboarding and practice with confidence. Credit rating agencies and research organizations such as Thomson Reuters, Bloomberg, Morningstar, and MSCI conduct research to evaluate companies on ESG performance and determine ESG scores. Using thorough legal research conducted through Thomson Reuters Foundations TrustLaw program, Equality Now and a team of lawyers examined the laws relating to OSEA, focusing on five countries. We believe that diversity drives innovation and connects us to our customers and communities. We are using double materiality as our lens not just how ESG topics affect our business, but how our businesscould positively or negatively impact people, economies, and the environment. Corporate governance has traditionally referred to the rules and processes dictating the board of directors management of operations and the practices supporting transparent decision making, legal financial practices, and protection of employee and shareholder rights. Reuters, 5 important regulatory aspects of the Silicon Valley Bank collapse, US regulators raise compliance burden for banks engaging with crypto firms, Messaging platform & personal device use is a firm-wide compliance problem, Looking back at 2022 to see where we might go in 2023: The Thomson Reuters Institute blog, The major headache E-commerce is creating for accounting firms and the cure, Midsize Legal Market Report analysis: Bearing todays burden to leverage tomorrows demand, Innovation Thats why it underpins every product we provide to every customer globally.. Law firm Chapman and Cutler made it a priority to create a firmwide ESG strategy that included third-party scoring & engagement with clients. Thomson Reuters itself is obliged and committed to apply the Trust Principles to its operations. 1 succeeded in ousting ExxonMobil board members in its bid to force the company to diversify its energy portfolio and move from a reliance on fossil fuels. In March, the acting chair of the SEC issued a request for comment on climate disclosure, an announcement later supported by the current chair. These factors can include everything from its emissions, use of toxic chemicals, and waste management to its role in water pollution and effect on biodiversity and deforestation. As organizations scramble to meet community demands for information on sustainability and social responsibility practices within their operations and across their supply chains, the percentage offirms publishing sustainability reports and ESG performance data has surged. ESG data can be used to determine market risk exposure, assess the impact on earnings per share (EPS) due to changing environmental regulations, manage carbon emissions across an entire business network, identify risks associated with significant policy changes at a state level and track industry-level trends. Complete audits with confirmation service and integration with third-party data analytics. Learn more. Thomson Reuters is dedicated to upholding the Trust Principles and to preserving its independence, integrity, and freedom from bias in the gathering and dissemination of information and news. The report also notes 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). Whether fighting criminal charges or civil lawsuits, or challenging the suspension of blocked social media accounts, high-quality legal representation is often the most effective tool to ensure that the media can continue critical work unhindered. This includes our Autism Spectrum Internship Program, which we introduced in Thomson Reuters India in 2020 to give neurodiverse individuals hands-on work experience, mentorship opportunities, and real-world skills to set themselves up for future success. Thats why it underpins every product we provide to every customer globally. A powerful tax and accounting research tool. This is helping us identify and prioritize the ESG topics and issues that are most important and could affect our business and stakeholders, informing our strategy, targets, risk management, and reporting. 4 Thomson Reuters ESG Scores Thomson Reuters ESG Data Process With over 150 content research analysts that are trained to collect ESG data, we have one of the largest ESG content collection operations in the world. Thomson Reuters ESG Research Data provides a comprehensive analysis of environmental, social, and governance (ESG) factors for over 6,000 public companies. & account inquiries, For CA: Do not sell my personal information. This paper examines whether a firm's financial performance (FP) is associated with superior environmental, social and governance (ESG) scores in emerging markets of multinationals in Latin America. Steve Hasker, President and CEO of Thomson Reuters, notes that corporate standards are evolving quickly, regulators are putting ESG issues near the top of their lists, and employees, customers, suppliers, and partners are paying closer attention. As businesses focus on corporate practices and the environment, both data and the development of new reporting metrics play a crucial role in understanding sustainability-related risks. With local language expertise and operating from different locations across the globe, we process numerous publicly available information sources with the aim of providing up to . Within our business, ESG is a priority - discussed regularly by our board of directors. TikTok reached an amazing milestone last year as more than one billion peoplewere drawn into the apps mix of dance videos, funny animals and pop culture parodies. 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