DUBLIN,
Calif., Nov. 9, 2023 /PRNewswire/ --
TriNet (NYSE: TNET), a leading provider of comprehensive human
resources solutions for small and medium-size businesses
(SMBs), today announced the release of its 2023 TriNet
Environmental, Social and Governance (ESG) report. The report
details the central role ESG plays in TriNet's operations.
"TriNet continues to evolve and meet the changing needs of
America's small and medium-size businesses. We focus our efforts to
help address the social and environmental factors that we believe
we can influence, while maintaining our strong governance
practices," said TriNet President and CEO Burton M. Goldfield. "I'm incredibly proud of
the TriNet team and our continued focus on making positive
contributions in support of our stakeholders and the communities
where we live and work."
TriNet's release of its third annual ESG report provides
additional transparency to its stakeholders, as well as details on
its sustainability practices, social responsibility and robust
corporate governance framework. Through the information disclosed
in the report, TriNet underscores its core values (Lead with the
Customer, Stand Together, Act with Integrity, Make an Impact, Be
Incredible), which remain the foundation of the company's culture.
Read TriNet's 2023 ESG report and learn more at our site dedicated
to highlighting TriNet's ESG program initiatives and progress:
https://www.trinet.com/about-us/esg.
"At TriNet, we are committed to building on the environmental,
social and governance foundation we have firmly set in place over
the past 35 years," said Samantha
Wellington, TriNet's Executive Vice President of Business
Affairs, Chief Legal Officer and Secretary. "Our ESG work will help
to drive our future successes and we are grateful for those who
have contributed to getting us to where we are today—and those who
will work with us to achieve even more for tomorrow."
The report underscores TriNet's commitment to its stakeholders
with special attention given to the company's evolution and
leadership over the last year. Highlights of TriNet's 2023 ESG
report include:
Environmental policy: TriNet's policy details its
promise to practice responsible corporate citizenship, engage in
sustainable activities and promote stakeholder awareness.
Building Ecosystems: TriNet's Historically
Underrepresented Businesses (HUB) program continues to leverage
TriNet's SMB ecosystem to help HUB communities connect with each
other and the invaluable resources at their disposal. The HUB
program developed its Birds of a Feather Fireside Chats
series, which focuses on spotlighting under-represented founders,
leaders and aspiring entrepreneurs. TriNet also made enhancements
to an initiative dedicated to providing our HUB community with
access to government programming, which includes access to an
R&D tax credit calculator and a free consultation with a TriNet
Clarus R+D tax credit expert to help put money back in SMBs'
pockets while incentivizing innovation and growth.
Data storage migration: In 2023, TriNet completed a
complex cloud migration project, moving its data storage from
on-premises servers to the cloud. This migration to the cloud
enables TriNet to vacate three data centers and recycle all the
legacy systems, creating a path for long-term, positive
stakeholder, operational and environmental impact.
Spotlighting Diversity, Equity, Inclusion and Belonging
Efforts: TriNet joined the Human Rights Campaign's Count Us In
pledge. This pledge encourages businesses to call on lawmakers to
abandon efforts to discriminate and reject anti-LGBTQ threats to
company values of diversity, equity and inclusion by being proud
and public LGBTQ+ allies—all while continuing to ensure transgender
and nonbinary employees and their families have access to the
health and medical care they need. TriNet also created an LGBTQ+
benefits guide to help LGBTQ+ colleagues and their families
navigate benefits and health care questions, as well as an LGBTQ+
benefits guide which outlines TriNet-sponsored benefits available
to support our customer's employees in the LGBTQ+ community,
domestic partners and same-sex spouses.
Paper Paycheck Reduction and Pay Card Program: TriNet
continues to educate customers and their employees on the benefits
of paperless paycheck options in an effort to reduce waste and
emissions that occur from generating paper paychecks. By choosing a
paperless payroll solution, our customers, their employees and the
environment all benefit.
Corporate Social Responsibility: TriNet's Corporate
Social Responsibility (CSR) program provides an opportunity to
support nonprofits with a mission to foster positive change,
economic development and the growth of entrepreneurism. This year,
TriNet announced a partnership with the American Foundation for
Suicide Prevention, in which we provided training programs,
volunteer opportunities, educational resources and more. We also
donated to the National Association of Women Business Owners and
the NAACP Empowerment Programs, Inc. This is part of an ongoing
effort to make a positive impact through the TriNet Foundation, a
donor-advised fund and a key component of our CSR program.
Board and Executive Officer composition: Currently,
nine directors serve on TriNet's board, including three directors
who identify as women and three directors from historically
under-represented communities. Of our five executive officers, two
identify as female and three are members of historically
under-represented communities.
Vendor Code of Conduct: TriNet implemented a code of
conduct for vendors, suppliers, contractors, consultants, agents
and their employees, holding them to high ethical standards
including environmental sustainability, human rights and a
commitment to diversity, equity and inclusion.
About TriNet
TriNet (NYSE: TNET) provides small and medium-size businesses
(SMBs) with full-service industry-specific HR solutions, providing
both professional employer organization (PEO) and human resources
information system (HRIS) services. TriNet offers access to human
capital expertise, benefits, risk mitigation, compliance, payroll,
and R&D tax credit services, all enabled by industry-leading
technology. TriNet's suite of products also includes services
and software-based solutions to help streamline workflows by
connecting HR, benefits, employee engagement, payroll and time
& attendance. Rooted in more than 30 years of supporting
entrepreneurs and adapting to the ever-changing modern workplace,
TriNet empowers SMBs to focus on what matters most—growing
their business and enabling their people. For more information,
visit TriNet.com or follow us on Twitter, Facebook,
LinkedIn and Instagram.
Use of Forward-Looking Statements
This press release contains statements that are not historical
and are predictive in nature or that depend upon or refer to future
events, conditions, or otherwise contain forward-looking statements
within the meaning of Section 21 of the Securities Exchange Act of
1934, as amended, and the Private Securities Litigation Reform Act
of 1995. Forward-looking statements are often identified by the use
of words such as but not limited to "ability," "anticipate,"
"believe," "can," "continue," "could," "design," "estimate,"
"expect," "forecast," "hope," "impact," "intend," "may," "outlook,"
"plan," "potential," "predict," "project," "seek," "should,"
"strategy," "target," "value," "will," "would," and similar
expressions or variations intended to identify forward-looking
statements. Forward-looking statements involve known and unknown
risks, uncertainties and other factors that may cause actual
results, performance or achievements to be materially different
from our current expectations and any past or future results,
performance or achievements. Investors are cautioned not to place
undue reliance upon any forward-looking statements.
TriNet and the TriNet logo are registered trademarks
of TriNet. All other trademarks, service marks, registered
trademarks, or registered service marks are the property of their
respective owners.
Investors:
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Media:
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Alex Bauer
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Renee Brotherton/Josh
Gross
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TriNet
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TriNet
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Alex.Bauer@TriNet.com
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Renee.Brotherton@TriNet.com
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Josh.Gross@TriNet.com
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SOURCE TriNet Group, Inc.