Refinitiv Aims for Carbon Neutrality

    Stockholm (NordSIP) – On January 17, Refinitiv, formerly the Financial and Risk business of Thomson Reuters, committed to three pledges on the environment, diversity and inclusion, in line with the UN’s sustainable development goals.

    The company plans to continue to decrease its carbon emission by an average of 10% over the next five years and become 100% powered by renewable energy and carbon neutral by 2020.

    “Global carbon dioxide emissions are accelerating at their fastest pace in seven years and hit a record high of 2.7 percent in 2018. Addressing the world’s biggest sustainability issues requires collective leadership that exemplifies the behaviours that will bring about change and empower others to do the same,” said David Craig, CEO of Refinitiv. “As well as driving changes in investment behaviour through our data and insights, this also means caring about our own operational footprint, being open with our environmental commitments and disclosures and promoting a culture of transparency and inclusion that leverages the skills of our people to drive positive impact in our communities. As global citizens, we need to act swiftly and decisively to help combat rising carbon dioxide emissions. We need to urgently do so not only for our futures but for the future of our planet.”

    The company’s commitment to inclusion and diversity is visible in both the pledges it takes and in the products it launches. Having re-signed the Women in Finance Charter last year upon its separation from Thomson Reuters, Refinitiv also pledged it would reach a minimum of 40% female representation in senior leadership roles globally and double engagement with community investment programmes by the end of 2020, respectively. However, it is perhaps in its actions rather than its words that Refinitiv stands out. By using its expertise as a financial technology and data provider, the data firm was able to rank the top 100 most diverse and inclusive organisations globally through its Diversity & Inclusion Index and then use it to create the financial industry’s first Inclusion & Diversity ETF fund in partnership with Blackrock.

    Picture by Pixabay

    Filipe Albuquerque
    Filipe Albuquerque
    Filipe is an economist with 8 years of experience in macroeconomic and financial analysis for the Economist Intelligence Unit, the UN World Institute for Development Economic Research, the Stockholm School of Economics and the School of Oriental and African Studies. Filipe holds a MSc in European Political Economy from the LSE and a MSc in Economics from the University of London, where he currently is a PhD candidate.

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