Refinitiv is a leading global provider of financial market data and infrastructure, serving over 40,000 institutions in approximately 190 countries. The company was founded in 2018 as a result of the merger between Thomson Reuters Financial & Risk and Blackstone Group's Refinitiv. The company is headquartered in New York City and has offices in London, Hong Kong, and other major financial centers around the world.
Refinitiv provides a wide range of financial market data and infrastructure solutions to its clients, including trading platforms, data feeds, analytics tools, and risk management systems. The company's clients include banks, hedge funds, asset managers, and other financial institutions, as well as corporations and governments.
One of the key areas of focus for Refinitiv is decarbonisation and sustainability. The company has set ambitious targets to reduce its carbon footprint and increase its use of renewable energy sources. In 2020, Refinitiv announced that it had achieved carbon neutrality for its global operations, including its data centers and offices. The company has also committed to sourcing 100% renewable energy for its global operations by 2025.
To achieve these goals, Refinitiv has implemented a range of initiatives, including the use of corporate power purchase agreements (PPAs) to source renewable energy. Corporate PPAs are long-term contracts between a company and a renewable energy provider, which enable the company to secure a fixed price for renewable energy over a period of several years. Refinitiv has signed several corporate PPAs in recent years, including agreements to purchase wind power in the United States and solar power in Spain.
In addition to its own sustainability efforts, Refinitiv also provides data and analytics tools to help its clients manage their own corporate energy and sustainability programs. The company's ESG (environmental, social, and governance) data and analytics platform provides clients with insights into their own carbon emissions, energy usage, and other sustainability metrics. This enables clients to identify areas for improvement and set targets for reducing their own carbon footprint.
Refinitiv is also a member of several industry groups and initiatives focused on sustainability and decarbonisation. The company is a signatory to the United Nations Global Compact, which is a voluntary initiative for companies committed to aligning their operations with ten principles in the areas of human rights, labor, environment, and anti-corruption. Refinitiv is also a member of the RE100 initiative, which is a global campaign to encourage companies to commit to sourcing 100% renewable energy.
In conclusion, Refinitiv is a leading global provider of financial market data and infrastructure, with a strong focus on sustainability and decarbonisation. The company has set ambitious targets to reduce its own carbon footprint and increase its use of renewable energy sources, and is also providing data and analytics tools to help its clients manage their own corporate energy and sustainability programs. Refinitiv's commitment to sustainability and decarbonisation is a reflection of its broader mission to provide its clients with the tools and insights they need to make informed decisions and achieve their own business objectives.