Refinitiv announced it has delivered on its 2020 sustainability and social targets, and is moving forward with a new set of 2025 and 2030 goals.
In its 2020 annual sustainability report, the global provider of financial markets and data outlined its achievements guided by three core pledges on environment, social impact, and sustainable initiatives, in support of the United Nations Sustainable Development Goals (UN SDGs).
The report shows Refinitiv is now carbon neutral and powered by 100 percent renewable energy at a regional level. It has also reduced carbon emissions by 11 percent despite an increase in footprint. It launched Refinitiv Charities and more than doubled its engagement on community support programs from eight percent to 17 percent.
Refinitiv’s Manila Operations Center has rolled out its own efforts to support and localize these global initiatives. On environmental efforts, it supports farm cooperatives by providing them with opportunities to bring their produce to market. As part of the organization’s COVID-19 response, they were able to purchase and distribute fruits and vegetables to beneficiary NGOs through Refinitiv’s Sustainability Action Team. It has also successfully lobbied to include a local five-year reforestation project as part of the global Refinitiv Forests program.
“These initiatives are just part of our commitment to put sustainability at the core of everything we do,” shares Manila Co-Site lead and director of Order Management Jeff Dawis. “Together with other markets, we aim to lead the pack of responsible businesses that support environmental progress, community growth, and drive social impact.”
By the end of 2025, Refinitiv aims to be a top provider of sustainable finance data and analytics solutions. It also aspires to enable global sustainable investments and an ethical supply chain. For its operations, it plans to commit 65 percent of its suppliers to set science-based emissions targets. It also targets reducing business and commuting travel by 25 percent. Lastly, it aims to achieve one million volunteering hours and engage 50 percent of its colleagues in its community support programs.
By 2030, the company aims to support one million people through Refinitiv-sponsored donations and social impact activities that support four UN SDGs: good health and well-being; reduced inequalities; climate action; and peace, justice, and strong institutions. Refinitiv also intends to cut its business carbon emissions in half, and plant and conserve one million trees.