TransUnion’s Climate Commitment: Taking Action to Protect Our Planet

Climate change remains an urgent concern across the global landscape, and we all have a valuable role to play in protecting our planet. As a global information and insights company with a presence in more than 30 countries, TransUnion is committed to doing our part to mitigate greenhouse gas (GHG) emissions and our overall environmental impact through energy consumption and office space use.

“At both an organizational and an individual level, it’s our collective responsibility to ensure we're contributing to a healthier, more sustainable planet for all," said Hilary Chidi, Chief Sustainability Officer and EVP, Credit Risk Solutions. "I’m proud of TransUnion for not only making a climate commitment but also taking action by pursuing emissions reductions and responsibly managing our resource use.”

In 2021, we announced our climate targets to address climate change. Specifically, we committed to:

• Achieving operational net zero Scope 1 and 2 emissions by 2025

• Achieving a 30% reduction in Scope 3 emissions from leased real estate by 2030

We consider Scope 1 GHG emissions to be direct emissions from our owned real estate facilities, while Scope 2 emissions are indirect emissions from the same facilities. We calculate our Scope 3 GHG emissions as leased real estate footprint and the data servers operated therein.

TransUnion made positive strides toward achieving these goals in 2022, our first full year with targets. We eliminated our Scope 1 emissions by divesting real estate assets, and we also neutralized most of our emissions impact by procuring Renewable Energy Credits (RECs) and carbon offsets in the fall of 2022 — helping us mitigate our impact and supporting the transition to clean energy in select regions.

In the US, we purchased RECs to cover our Scope 2 emissions. RECs are a legal instrument that substantiate renewable energy claims, meaning they’re different than offsets in that they only pertain to emissions from electricity use for certain sites.

Another region where we have significant operations and impact is India, where Scope 3 offsets support a wind power project — although offsets can reduce emissions many different ways, such as with reforestation projects and clean cook stoves. Renewable energy plays a key role in the sustainable development of the country, as it significantly reduces emissions and helps cover urgent and growing energy demands. With one of the fastest growing power consumption rates in the world, India is facing an energy scarcity crisis — domestic power production is failing to meet the demand. Clean energy has the potential to solve many challenges India faces: environmental deterioration, rising energy demand and sustainable socioeconomic development.

Most recently, TransUnion signed a 12-year commitment to purchase offsite renewable energy to power our headquarters in Chicago, Ill. Stay tuned for more information about this development.

While we’re encouraged by the positive momentum we’ve achieved in 2022, we acknowledge we still have more to do. In 2023 and beyond, we intend to continue to make progress against our climate change targets and finalize our climate risk assessment.

For more information, please read TransUnion’s latest Sustainability Report.