Broadridge Financial Solutions (Broadridge) has published its 2022 Sustainability Report, which shows strong progress in its ESG initiatives across all three areas over the past year. The company states that 86 per cent of paper in its equity proxy communications has been digitally suppressed, an increase of five per cent over the past two years, and that 2500 shareholder meetings have been virtual in fiscal year 2022. Not only reducing the environmental impact of corporate governance, this also lowers costs for public companies. Included in the Sustainability Report is the 2021 US Equal Employment Opportunity Commission report, which provides detailed workforce diversity data. Broadridge reports that it has increased the proportion of women on its board to 33 per cent, with two of the three board committees chaired by women. Additionally, the technology and regulatory expertise on its board is now 60 per cent diverse. Further working to improve the ‘S’ of their ESG operations, the company has launched three new employee associate networks aimed at young leaders, veterans, and employees with disabilities. These join existing networks for women leaders, multicultural engagement, and LGBTQ+ awareness. Broadridge has also launched a new sustainability website to keep its shareholders up to date with its ESG progress, along with a diversity equity and inclusion site. Tim Gokey, CEO of Broadridge, says: “Broadridge continues to make important progress on its ESG journey, driving digitisation across our client base, enhancing our disclosures, developing a long-term net zero emissions plan, and upholding a strong culture of diversity and inclusion. Our approach is underpinned by the service-profit chain, with highly engaged associates driving satisfied clients which in turn creates long-term shareholder value.”
