Ceridian published its 2023 Environmental, Social, and Governance (ESG) report, reaffirming its commitment to operating sustainably and maintaining the highest standards of corporate citizenship.
NEW DELHI: As companies are increasingly expected to take responsibility for their impact on the environment, society, and governance, Environmental, Social, and Governance (ESG) reporting has become an essential tool for stakeholders to assess a company’s performance in these areas. In this context, Ceridian, a leading human capital management technology company, has recently released its ESG Report for 2022.
The report details Ceridian’s performance on its ESG priorities over the past year, including steps taken to combat climate change, support its employees and their families, and ensure responsible innovation. The report also highlights Ceridian’s new ESG strategy, which comprises five critical pillars, and the eight measurable, time-bound goals that the company has set to drive its impact in these areas.
In this time of significant change, the expectations of contemporary corporations have undergone a fundamental shift. While growth, profitability, and value creation are still crucial for achieving success, there is now a societal expectation that businesses must also serve as a positive force for change.
Ceridian has taken on the responsibility of being a leading corporate citizen by embracing a new ESG strategy unveiled in 2022.
Five Pillars of ESG
The strategy comprises of five pillars, namely Governance and Trust, Our People, Tech for Good, Our Communities, and the Environment, which are critical to the company’s performance. To ensure accountability and transparency to stakeholders, Ceridian has set eight measurable, time-bound goals aimed at driving its impact in these areas.
Advancements in 2022 across Ceridian’s five ESG pillars include:
Governance and Trust
Safeguarded customer data from material data breaches, developed and published a set of AI (Artificial Intelligence) Ethics Principles, and further strengthened internal compliance policies and controls.
Our People
Extended a robust paid parental leave policy to all families globally, made meaningful progress towards achieving pay equity, and launched its Achieving Corporate Equity (ACE) program to empower diverse, high-potential talent.
Tech for Good
Invested in core technologies for its customers and their people, including Ceridian’s on-demand pay solution, Dayforce Wallet. Cumulative funds loaded onto this product have exceeded $1 billion since launch, and new research shows significant financial and mental health benefits for many of its users.
Our Communities
Employees in 16 countries on five continents participated in Ceridian’s first-ever Global Volunteer Week, and more than $5 million in grants have been donated from Ceridian Cares to families in need since its founding.
Environment
Secured 100% renewable electricity across Ceridian’s global operations and decreased the company’s annual Scope 1 & 2 greenhouse gas (GHG) emissions by 97% over the past four years. Ceridian also published its inaugural Task Force on Climate-related Financial Disclosures (TCFD) Index.
“While growth, profitability, and value creation remain essential to success, our society rightly demands that businesses must also be a force for positive change,” said Leagh Turner, Co-CEO, Ceridian. “As this report shows, we have spent the past year working hard to meet this high bar by turning our ambition into action.”
(India CSR)
