New Disclosures Show Strong Momentum Across Company’s ESG Priorities of Security and Workforce Diversity, Environmental Stewardship, Financial Inclusion, and Workforce Diversity
ATLANTA, April 12, 2022 /PRNewswire/ —Equifax(NYSE: EFX) continues to further its commitment to Environmental, Social and Governance (ESG) priorities and has issued its annual ESG letterTo shareholders and stakeholders, and made new disclosures on Equifax.com. These disclosures include the Task Force on Climate related Financial Disclosures (TCFD), the Sustainability Accounting Standards Board’s (SASB), Equal Employment Opportunity (EEO-1) report, and the 2021 Equifax Security Annual Report. They also highlight the company’s strong momentum in its ESG priorities. This includes continued leadership in security, driving greater workforce diversification, reducing environmental impact, and increasing financial inclusion.
“We are New Equifax. A global, diversified data, analysis, and technology company. We have grown beyond the traditional consumer credit bureau model. Our unique combination of innovative analytics, industry-leading technology and differentiated data assets makes us a vital part of the global economy and the lives of individual customers every day.” Mark W. BegorEquifax CEO. “We are investing in ESG priorities as part of our commitment towards creating a more inclusive world economy. This aligns with our company purpose to help people live financial freedom. Each day, 13,000 of our global employees live this purpose.
Equifax recognizes that data analytics and technology are a powerful force in addressing pressing global issues. The company announced an important announcement last year about its commitment to ESG priorities. Sustainability commitmentEquifax Cloud will enable net-zero greenhouse gases emissions by 2040 Equifax made significant progress towards its ESG priorities in 2021. These priorities are now integrated into the core business strategy of the company. An overview of Equifax’s positive, quantifiable ESG outcomes over the past year is available in this document open letterFrom CEO Mark W. BegorThese include:
Continued Leadership In Security
Equifax launched its inauguralSecurity Annual Report 2021. It details the steps taken by the company to embed security throughout its enterprise, including technology infrastructure, data fabric and product development, as well as mergers and acquisition strategies and employee training. The second year of the Security Annual Report is complete. Latest Security Annual ReporthighlightsEquifax’s significantadvances in several key areas, including cloud security, digital supply chain security, employee security training, and global risk management. These efforts and more have enabled Equifax to surpass every industry benchmark measured by independent third parties in terms of its security maturity and position.
Increased Diversity in the Workforce
77% of Equifax’s senior leadership team, defined as direct reports of certain key executives, reflected gender and racial diversity in 2021. 38% of the senior management team identified as female and 44% of Equifax global workforce was made up of women. 41% of Equifax U.S. employees identified as belonging to diverse racial or ethnic groups. Equifax shares diversity information and details about its inclusion- and diversity initiatives through annualEEO-1SASBReports and discussions on the ESG website.
Reducing Environmental Impact
Equifax’s initial TCFD ReportThis provides transparency about the company’s environmental sustainability policies. It shows that Equifax has reduced its combined scope 1 and 2, greenhouse gas emissions each year since 2019. This is an estimated 13.5% decrease from 2019 to 2021, and a 3% decrease from 2020 to 2021.
Increasing Financial Inclusion
Equifax strives for economic health in all areas where it does business. Equifax made two significant “firsts” in 2021. They announced the availability and price of the industry’s only U.S. Credit report in SpanishIt is also the first to include Buy Now,PAy Later(BNPL) tradelines in its U.S. consumer credit file. Recently, Equifax joined its peers in the industry to take a joint measure. AnnouncementSignificant changes were made to the reporting of medical collection debt in an effort to better assist consumers who are facing unexpected medical expenses.
Begor stated, “We are inspired by the significant progress Equifax made in 2021, and we recognize that there are more to be done,” “We are committed and will continue sharing our progress in our ESG journey. We hope that Equifax’s ESG focus will be a model for other financial institutions. This is because Equifax continues to demonstrate how Equifax is better positioning Equifax for long term sustainability and, in turn building shareholder value.
Visit our website for more information about Equifax ESG initiatives. Website.
FORWARD-LOOKING STATEMENTS
This release contains information that could be considered “forward-looking statement.” Forward-looking statements are generally identified by the words “believe”, “expect,”” “intend,”,”estimate,”,”anticipate,” and similar expressions. These statements are not historical in nature and generally include the words “will,” or “may”. Forward-looking statements are statements that relate to operating or environmental performance or events or developments that will occur in future. This includes statements relating future operating results and plans to reduce our environmental footprint and greenhouse gases emissions as well as statements relating our IT and security infrastructure. These forward-looking statements are based on our current beliefs and are accurate as of the date they were made. Forward-looking statements are subjected to risks and uncertainties. Actual results may differ materially from those based on our historical experience or our current expectations. These risks and uncertainties include those discussed in our most recent Annual Report Form 10-K and subsequent filings to the U.S Securities and Exchange Commission. We caution you not to place undue trust in any forward-looking statement due to such uncertainties and risks. Forward-looking statements are only accurate as of the date they were made. We do not assume any obligation to publicly revise or update forward-looking statements as a result or future events, except as required under law.
ABOUT EQUIFAX
At Equifax (NYSE: EFXWe believe knowledge is the key to progress. We are a global technology, data, and analytics company that plays an important role in the global economy. We help financial institutions, companies and employers make better decisions. Our unique combination of cloud technology and analytics gives us insight to help people move forward. Headquartered at AtlantaEquifax is supported worldwide by more than 13,000 employees. North America, Central and South America, Europe, and Asia Pacific region. Visit this site for more information.Equifax.com.
FOR MORE INFORMATION
Kate WalkerEquifax
[email protected]
SOURCE Equifax Inc.
