Dependent: 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.
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Recommitted to D&I senior leadership representation goals for 2024 Recommitted to goals: 45%+ women in senior leadership, 20%+ racial/ethnic diversity in senior leadership, double Black talent in senior leadership to 60, by end of 2024.
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Primary: 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.
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Dependent: 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.
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Primary: 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.
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Aligned reporting to GRI Standards In 2023, Thomson Reuters aligned its ESG reporting to the Global Reporting Initiative (GRI) standards. GRI Index provided as appendix.
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100% renewable electricity via RECs across global operations 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.
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Carbon neutral via offsets for residual emissions 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.
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