Thomson Reuters

Carbon per million dollars of revenue. The legacy industry-standard reference (CDP, MSCI). Useful for cross-sector context, but distorted by margin — high-margin firms appear artificially efficient. Read alongside the operational and asset intensities for the full picture.

OpEx (operating expenditure) is the running cost of the business — staff, services, energy, materials. This shows how carbon-intensive operations are per million dollars of spend. Removes the margin distortion that revenue-based ratios introduce.

EVIC (Enterprise Value Including Cash) is the firm's total capital footprint — equity + debt + cash + minority interest. The EU's standard intensity measure (SFDR PAI 3) — answers: how much carbon does each million of capital deployed in this business produce?

PP&E (Property, Plant & Equipment) plus leased real-estate assets is the firm's physical infrastructure on the balance sheet. This shows the carbon intensity of that physical footprint — uses Scope 1+2+3 for consistency with the other headline intensities. Surfaces stranded-asset risk for asset-heavy firms.

Since 2020, Thomson Reuters has sourced renewable energy for 100% of its global operations, achieved largely through the purchase of renewable energy credits matched to electricity usage around the world. This investment in renewable power for facilities has driven more than a 93% reduction in Scope 1 & 2 GHG emissions from the 2018 baseline.

In addition to the switch to renewable energy, Thomson Reuters remains carbon neutral through offsetting the remaining portion of its GHG footprint with carbon offsets. The disclosure does not specify durable removals (DAC/BECCS/biochar); offsets appear to be general credits used to neutralise residual emissions.

• Business travel reduction

  Business travel emissions are 63% lower than the 2019 baseline, on track toward a Scope 3 (business travel + fuel/energy + commuting) 25% reduction by 2025. 2023 business travel emissions were 8,400 tCO2e versus 2,100 tCO2e in 2021, reflecting post-pandemic rebound but still well below baseline.

• Office electricity decarbonisation

  Largely through investment in renewable power for facilities (RECs matched to electricity consumption of ~106 GWh in 2023), Thomson Reuters has driven more than a 93% reduction in Scope 1 & 2 GHG emissions from the 2018 baseline. The firm pursues operational leases in premium office locations with efficient building systems.

• Climate clauses in commercial contracts via The Chancery Lane Project

  Through ongoing collaboration with The Chancery Lane Project (TCLP), Thomson Reuters legal editors draft and peer-review free-to-use climate clauses, hosting hackathons and helping create a Net Zero toolkit. In 2023, the team helped publish 10 new US-specific climate clauses covering sustainable/circular leasing arrangements and landlord obligations providing renewable energy.

• Supplier engagement on Science Based Targets

  Thomson Reuters aims to require 65% of suppliers by spend to have Science Based Targets by 2025. Progress: 41% of suppliers by spend committed to SBTs in 2023 (up from 32.5% in 2022 and 27% in 2021). Procurement processes are being refined to incentivise working with suppliers who share the firm's sustainability commitment, and ESG clauses are embedded in vendor contracts and the Supply Chain Ethical Code.