ATLANTA, Nov. 2, 2021 /PRNewswire/ -- Equifax®
(NYSE:EFX) is expanding its commitment to Environmental, Social and
Governance (ESG) issues and today announced that the company will
make new quantitative ESG disclosures available annually on
Equifax.com. These disclosures are being made in accordance with
the Sustainability Accounting Standards Board (SASB) framework and
include initial SASB-aligned reporting as well as public disclosure
of the company's Equal Employment Opportunity (EEO-1) report.
Equifax also announced a commitment to net-zero greenhouse gas
emissions by 2040, a market leading sustainability commitment
enabled by the company's Equifax Cloud™ transformation.
"We strive to empower economically healthy individuals and
communities everywhere we do business and believe that a strong ESG
strategy is imperative to creating a more inclusive global economy.
Our ESG commitment is aligned with our purpose - to help
people live their financial best," said Mark W. Begor, CEO of Equifax. "Continuing to
drive greater diversity in our workforce and adhering to strong
environmental sustainability practices is critical to building
long-term innovation and value for consumers, our customers and our
shareholders. With the expansion of our ESG disclosures, we are
further committing to ongoing transparency and holding ourselves
accountable to advancing our ESG priorities across our day-to-day
operations."
Equifax recognizes that continued emission of greenhouse gasses
can cause greater global warming that could lead to significant
economic and social consequences. The company is announcing a
commitment to reach net-zero greenhouse gas emissions by 2040. To
support this commitment, Equifax is disclosing its greenhouse gas
emissions baseline data and a framework for a decarbonization
strategy to address its global operational footprint, including the
company's supplier value chain.
As a technology company that does not manufacture physical
products, Equifax's carbon emissions are primarily driven by the
electricity used to power offices and data centers. The move to the
Equifax Cloud is expected to propel the company on its journey to
net-zero by significantly reducing the footprint of on-site
technology and data centers and leveraging the enhanced energy
efficiency of its cloud service providers.
"Equifax understands the power of data, analytics and technology
in addressing the most pressing issues facing the world around us,"
noted Bryson Koehler, Chief
Technology Officer at Equifax. "Our Equifax Cloud transformation
furthers the company's sustainability goals, with migration
of physical data centers to the cloud expected to significantly
reduce our Scope 1 and Scope 2 emissions. To help achieve
this, Equifax makes a concerted effort to partner with cloud
providers that have efficient, low-carbon strategies and share our
goals of reducing emissions. Our Equifax Cloud transformation is a
great example of the alignment between our business strategy and
our ESG priorities."
Equifax has also aligned its Inclusion and Diversity strategy to
its purpose of helping people live their financial best. The
company is among the first in its industry to disclose an EEO-1 and
SASB report on workforce demographics. These disclosures illustrate
that in 2020, 31% of Equifax global senior leadership identified as
female, and women comprised 45% of the Equifax global
workforce. During the same time period, 42% of Equifax U.S.
employees identified with diverse racial and ethnic groups; a 2%
increase over the previous year.
"We are strongly committed to nurturing a culture where diverse
talent thrives," commented Carla
Chaney, Chief Human Resources Officer at Equifax. "We are
dedicated to building a highly collaborative, innovative
environment where our global teams deliver for our customers every
day. Inclusion and Diversity is a key element of an energizing
workplace where top performers of all backgrounds contribute at
their highest level. We are proud of what we have accomplished,
know that we still have more to do, and are committed to ongoing
transparency along our journey."
Disclosure of the company's EEO-1 report and net-zero greenhouse
gas emission commitment follow the release of the 2020 Equifax
Security Annual Report and are underscored by ongoing investments
from the Equifax Foundation to our local communities. Over the last
decade, the Equifax Foundation has invested more than $25 million into Non-Governmental Organizations
(NGOs) and fintechs to support greater access to credit,
credit-building, access to capital, and wealth-building efforts. In
2020, the Equifax Foundation gave over $2.7
million in direct grants and matching gifts to organizations
our employees passionately support.
Equifax believes that credit building can be a tool for tackling
income inequality and decreasing the racial wealth gap. The
company's solutions address complex social challenges, helping to
accelerate access to credit and drive financial inclusion around
the world. For more information on the difference we make and our
commitment to ESG practices, please visit: Equifax.com.
ABOUT EQUIFAX INC.
At Equifax (NYSE: EFX), we believe
knowledge drives progress. As a global data, analytics, and
technology company, we play an essential role in the global economy
by helping financial institutions, companies, employers, and
government agencies make critical decisions with greater
confidence. Our unique blend of differentiated data, analytics, and
cloud technology drives insights to power decisions to move people
forward. Headquartered in Atlanta
and supported by more than 12,000 employees worldwide, Equifax
operates or has investments in 24 countries in North America, Central and South America, Europe, and the Asia
Pacific region. For more information, visit Equifax.com
FOR MORE INFORMATION
Kate
Walker for Equifax
mediainquiries@equifax.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/equifax-accelerates-commitment-to-environmental-social-and-governance-priorities-301413800.html
SOURCE Equifax Inc.