Supplier diversity & sustainability
Using our purchasing power to positively impact our communities.
At Thomson Reuters, we believe that by engaging in sustainability discussions and implementing environmental checks in our supply chain, we will inspire our customers, investors, and the community to promote efficient, sustainable practices themselves, and set targets in line with climate science.
Thomson Reuters is committed to providing opportunities for diverse and sustainable businesses to prosper, by actively engaging suppliers that help us address the diverse needs of the global marketplace, and by promoting financial inclusion practices for the benefit of minority groups.
We expect companies seeking to do business with Thomson Reuters to demonstrate that the goods and services they provide to us come from sources that share and are committed to our values, such that their business practices are consistent with the needs and expectations of our customers, investors, and the global community we serve.
Thomson Reuters prefers third-party certifications from its diverse suppliers. We accept certifications from recognized US governmental agencies, as well as from private certification groups and agencies, such as the National Minority Supplier Development Council (NMSDC), the Women's Business Enterprise National Council (WBENC), the National LGBT Chamber of Commerce (NGLCC), the National Veteran Business Development Council (NVDBC), the National Veteran-Owned Business Association (NaVOBA), and Disability:IN.
For more information about how to obtain a third-party certification, please refer to the resources available here.
The Science Based Targets initiative (SBTi) is a collaboration between CDP, the United Nations Global Compact (UNGC), World Resources Institute (WRI), and the World Wide Fund for Nature (WWF). The SBTi enables companies to demonstrate their climate change leadership by publicly committing to science-based greenhouse gas reduction targets.
Science-based targets (SBTs) are greenhouse gas emissions reduction targets that are consistent with the level of decarbonization that is required to keep global temperature increase within 1.5 to 2°C compared to pre-industrial temperature levels.
- SBTs are consistent with the long-term goal of reaching net-zero emissions by 2050 as per the Paris Agreement.
- SBTs provide a trajectory for companies to reduce their greenhouse gas emissions.
- Thomson Reuters publicly committed to the most ambitious aim of the SBTi on April 2020
Scope 3. Supplier engagement target: Thomson Reuters Corporation commits that 65% of its suppliers by spend covering purchased goods and services and capital goods will have science-based targets by 2025.
Thomson Reuters ethical values and our resulting approach to the way we do business are reflected in the Thomson Reuters Code of Business Conduct and Ethics. Our Supply Chain Ethical Code applies to our suppliers worldwide and seeks to encourage comparable standards of behavior, driving commitment to ethical improvements through our supply chain.
You may find a copy of our Supply Chain Ethical Code available in 20 languages here.
Guidance & policies
Purchase Order Terms and Conditions
Suppliers should be aware that Ariba offers two versions: The Light Account and the Full Enabled Account. The Light Account will not incur any fees for the supplier, but the Full Account will. When registering with Ariba, suppliers create an agreement between them and Ariba, to which Thomson Reuters is not a party. Suppliers should ensure that the appropriate Ariba Account type is selected, as suppliers that select the Full Account will receive an invoice directly from Ariba. Thomson Reuters is not accountable if the incorrect level is selected, nor can it accept liability for any fees incurred. However, Thomson Reuters can assist suppliers to switch from the Full Enabled Account to the Light Account if the supplier notifies Thomson Reuters accordingly.
Become a supplier
We use Ariba to transact with our suppliers
Thomson Reuters uses Ariba, a third-party electronic transaction processing tool, to manage the supplier onboarding process, and also to issue and manage purchase orders (POs) and invoices.
We accept both, the Light Account (no fee) and the Fully Enabled Account (with fee). Suppliers electing to use the Fully Enabled option will be required to absorb any associated Ariba charges.
If your purchase order is dated before the 30th of September, 2017, and/or if your country is not listed above, you will be required to submit your invoice to a regional Document Receiving Centre (DRC). Please ensure to follow the instructions closely on How to Submit Non-Ariba Invoices and avoid delay in the payment.
Submission of invoices for goods & services must be sent within seven (7) business days from the service completion date or shipment of goods as requested on the purchase order.
Please note that the Thomson Reuters standard payment terms are 70 days from the date of the invoice submitted to the Account Payables team. For details specific to your country, please refer to the Purchase Order Terms & Conditions of Purchase. All suppliers transacting with Thomson Reuters are required to comply with the Code of Business Conduct and Ethics in the Thomson Reuters Supply Chain Ethical Code.
Ariba is the approved global tool for purchasing goods and services at Thomson Reuters. We have alternative payment methods available which can be used instead of Ariba when advised by Global Sourcing. The alternative purchasing channels can vary depend ending on the type of goods or services being purchased. Please contact the assigned Thomson Reuters business partner to find out more.
United Arab Emirates
Tools and services
Suppliers PO Management in Ariba
All PO-based suppliers are required to use Ariba to receive POs (in all countries) and return invoices to Thomson Reuters (as e-invoice enabled countries). The supplier onboarding process ensures that all suppliers are screened and set up for payment in Ariba so that invoices can be managed and paid efficiently.
As part of the mandatory setup process, all suppliers are required to complete the Supplier Profile Questionnaire (SPQ) to be set up for invoice payment in Ariba. Note: Suppliers located in Brazil, Japan, or the United States must include the relevant declarations and forms (provided on this page) in your SPQ submission.
Suppliers should be aware that Ariba offers two versions: The Light Account and the Full Enabled Account. The Light Account will not incur any fees for the supplier, but the Full Account will.
When registering with Ariba, suppliers create an agreement between them and Ariba, to which Thomson Reuters is not a party. Suppliers should ensure that the appropriate Ariba Account type is selected, as suppliers that select the Full Account will receive an invoice directly from Ariba. Thomson Reuters is not accountable if the incorrect level is selected, nor can it accept liability for any fees incurred. However, Thomson Reuters can assist suppliers to switch from the Full Enabled Account to the Light Account if the supplier notifies Thomson Reuters accordingly.
Supplier onboarding resources
While running the supplier onboarding process, Thomson Reuters could consider requesting to follow some of the guidelines to enable your company as a supplier. Please take into account to make a smooth process.
Getting started with Ariba
As part of our partnership with Ariba, we offer different resources for your company to understand the usage of Ariba.
Country specific requirements
Support and contacts
Ariba combines industry-leading cloud-based applications with the world’s largest Internet-based trading community:
- Every two minutes a business joins the Ariba Network
- Nearly 2 million right now
- Doing business in 190 countries around the world
- Proven process expertise
- Community-shared best practices
- Integration with SAP - Ariba is an SAP company
You can access Ariba here (Internet Explorer 9 or above is recommended for accessing Ariba).
Implementing SAP Ariba is part of our effort to continuously improve our operational efficiencies. SAP Ariba integrates purchasing processes from requisition to invoice payment into a one-stop-shop:
- The tool facilitates approval workflow processing which simplifies our PO and Invoice approval processes.
- Documents from requisitions, to purchase orders to invoices are linked together electronically and shared between suppliers and Thomson Reuters over the Ariba platform streamlining our internal processes.
- As a result of these processes we expect improvements to invoice payment times.
If the transactions require a purchase order, or if the suppliers are hosting purchasing catalog for us, then they do have to be on the Ariba Network. Once a supplier has been on-boarded they can register for the no fee Ariba Light Account offering.
The Ariba Network is a primary approved purchasing channel for Thomson Reuters. In addition to Ariba, there are other alternative payment methods based on the type of goods/ services we procure – including American Express Card Solutions and Fieldglass. Please contact your Global Sourcing Contact or business partner to learn more.