-- Report unveils insights on Alight's formalized ESG strategy --
--Results of a double materiality assessment will inform Alight’s ESG strategic roadmap, serving as a blueprint for the company's initiatives and actions toward progress --
Alight, Inc. (NYSE: ALIT), a leading cloud-based human capital and technology services provider, today published its 2024 Global Impact Report showcasing the company’s 2023 progress and future plans across its key environmental, social and governance (ESG) focus areas.
"At Alight, we are committed to harnessing the strategy around our Alight Worklife® platform, services and processes to generate long-term social benefits and deliver a positive, personalized impact for the clients, employees and families we serve," said Stephan Scholl, CEO at Alight. "Our 2024 Global Impact Report highlights the meaningful steps we have taken over the past year to champion people, drive social innovation and uphold responsible business practices –all while working towards a more sustainable future."
In 2023, Alight formalized its robust ESG strategy, aligning with the company's purpose and values. This strategy centers on three pillars: championing people, social innovation and responsible business practices, and serves as the foundation for creating positive impact.
Alight’s 2023 ESG accomplishments include:
Championing People
Alight took significant steps to support the wellbeing and development of its colleagues, including publishing a Human Rights Policy and enhancing the company's continuous performance management program. Alight also developed its first Diversity Report and expanded its colleague recognition program. Additionally, the company increased access and resources on the Alight Worklife platform for all colleagues to help support mental, physical, financial and social health.
Social Innovation
Alight continued to develop innovative solutions that address social determinants of health through expanded analytics and spearheaded the launch of the Portability Services Network (PSN) to improve retirement outcomes by promoting auto portability within the U.S. retirement system.
Responsible Business Practices
Alight made significant progress in its commitment to responsible business practices, including signing the Science Based Targets initiative commitment letter and setting a goal to utilize 100% renewable electricity within its facilities by 2032. Additionally, Alight formalized its artificial intelligence (AI) policy and oversight framework to ensure ethical and secure use of technology.
Alight is committed to upholding the highest standard of data security and privacy as well as ensuring resilience through the implementation of robust data security, enterprise risk management, business continuity and disaster recovery programs. By aligning with industry standards and rigorously testing formal processes, Alight has taken steps to strengthen sustainability, ethical technology utilization, data security and resilience to navigate challenges effectively.
Alight’s ESG strategic roadmap
In 2024, Alight conducted a double materiality assessment to pinpoint the most important ESG factors to both internal and external stakeholders. This comprehensive process tracked changes in ESG priorities since the 2021 assessment and highlighted insights into the relative significance of each ESG factor and the level of alignment between stakeholder groups.
Looking ahead, Alight intends to integrate the results from the 2024 materiality assessment into its ESG strategic roadmap, which serves as a blueprint for the company's initiatives and actions toward progress. The material topics identified in the assessment will remain integral components of Alight's annual Global Impact Report.
Accordingly, Alight's ESG strategy moving forward is focused on six key areas: empowering healthy minds, bodies, wallets and lives; increasing diversity and inclusion; investing in colleague development; integrating sustainable innovation; demonstrating ethical and secure practices; and reducing environmental impact.
"Our Global Impact Report reflects Alight's unwavering commitment to creating long-term value for our colleagues, clients and communities," said Scholl. "As we move forward, we will continue to leverage our expertise and innovative capabilities to drive positive change and make a meaningful difference in the lives of those we serve."
The 2024 Global Impact Report, prepared according to Global Reporting Initiative (GRI) Standards and indexed to Sustainability Accounting Standards Board (SASB) and Task Force on Climate-Related Financial Disclosures (TCFD) guidance, also identifies nine United Nations Sustainable Development Goals (SDGs) that align with Alight's business priorities.
To access the full 2024 Global Impact Report and learn more about Alight's ESG approach, visit https://www.alight.com/about/esg
About Alight Solutions
Alight is a leading cloud-based human capital technology and services provider that powers confident health, wealth, and wellbeing decisions for 36 million people and dependents. Our Alight Worklife® platform combines data and analytics with a simple, seamless user experience. Supported by our global delivery capabilities, Alight Worklife is transforming the employee experience for people around the world. With personalized, data-driven health, wealth, pay, and wellbeing insights, Alight brings people the security of better outcomes and peace of mind throughout life’s big moments and most important decisions. Learn how Alight unlocks growth for organizations of all sizes at alight.com.
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Contacts
Investor Contact:
Jeremy Cohen
Investor.Relations@alight.com
Media Contact:
Mariana Fischbach
mariana.fischbach@alight.com
