Thomson Reuters Aims for Net-Zero Emissions by 2050

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Apr 22, 2020, 08:00 ET

Thomson Reuters to align to 1.5°C pathway, the most ambitious aim of the Science Based Targets initiative

TORONTO, April 22, 2020 /PRNewswire/ -- On the 50^th anniversary of Earth Day, Thomson Reuters announced that it will work to achieve net-zero emissions by 2050 or sooner. The new targets align to worldwide efforts to limit global temperature rise to 1.5°C above pre-industrial levels, the most ambitious aim of the Science Based Targets initiative.

"We are glad to be stepping up our efforts to become an even more environmentally responsible company," said Stephane Bello, vice chairman, Thomson Reuters. "Globally, we will continue to work towards achieving our current sustainability goals while aligning our longer-term efforts to Science Based Targets."

"This is a big step forward for Thomson Reuters in this area. In addition to reducing the greenhouse gas emissions of our business, we will continue to inform and support our customers with the trusted news, analytics and tailored environmental law and disclosure solutions they need to evaluate their own efforts to address climate change," Bello added.

Thomson Reuters goal to achieve net-zero emissions by 2050 contemplates a reduction of its current carbon footprint of 117,000 metric tons of CO2 emissions per year, which declined 6.2% in 2019 compared to the prior year. The company plans to target its reduction efforts on energy use for its data centres and offices, business travel, and the creation, support and delivery of products.

The new targets build on a decade of carbon reduction work at Thomson Reuters, including achieving carbon neutrality in 2019, and the company's previously announced plans to source renewable energy for 100% of its global energy needs by 2020 through purchasing of renewable energy credits including wind energy in Brazil, Canada, India and the U.S.

Thomson Reuters
Thomson Reuters is a leading provider of business information services. Our products include highly specialized information-enabled software and tools for legal, tax, accounting and compliance professionals combined with the world's most global news service – Reuters. For more information on Thomson Reuters, visit tr.com and for the latest world news, reuters.com.

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain statements in this news release are forward-looking. While the company believes that it has a reasonable basis for making forward-looking statements in this news release, they are not a guarantee of future performance or outcomes and there is no assurance that any events described in any forward-looking statement will materialize. Forward-looking statements are subject to a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from current expectations, including other factors discussed in materials that Thomson Reuters from time to time files with, or furnishes to, the Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission. Many of these risks, uncertainties and assumptions are beyond our company's control and the effects of them can be difficult to predict. You are cautioned not to place undue reliance on forward-looking statements which reflect expectations only as of the date of this news release. Except as may be required by applicable law, Thomson Reuters disclaims any obligation to update or revise any forward-looking statements.

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SOURCE Thomson Reuters