NI Launches 10-Year Strategy and Goals for Advancing Diversity, Equity and Sustainability
February 03 2021 - 9:00AM
Business Wire
Company also makes $3.4 million commitment to advancing
diversity in STEM education
NI (NASDAQ: NATI) today released Engineering Hope, its 2030
Corporate Impact Strategy, outlining the company’s vision and
aspirational goals for making a measurable, positive impact on
society and the environment by 2030. The long-term plan to advance
diversity, equity and sustainability furthers NI’s promise to
Engineer Ambitiously™, connecting people, ideas and technology to
take on the world’s greatest challenges.
“The world is facing pressing challenges, from climate change to
inequality. Engineering will play a pivotal role in confronting
these issues, which is why we must collectively lead the change we
hope to see in society,” said NI President and CEO Eric Starkloff.
“We are focusing our efforts in areas like sustainability,
diversity and equity - areas in which we can drive important,
meaningful impact at NI, in the engineering field and in society at
large."
Over the next decade, NI is dedicated to creating impact in
three areas by working toward a set of 15 goals and commitments,
including two “moonshot” diversity goals. The strategy reflects a
yearlong process to assess NI’s environmental impact and the
priorities of employees, customers and other stakeholders. See the
full strategy and goal list at ni.com/engineeringhope2030.
- Changing the faces of engineering: NI is committed to
increasing diversity and inclusion across its workforce and
management teams and throughout the engineering industry. NI’s
“moonshot” goals are based on the aspiration for its workforce to
mirror society overall. With that in mind, NI has set specific 2030
goals to increase the representation of women and people of color
in its workforce and in management roles, based on global and U.S.
demographics.
Achieving this goal, particularly in
technical fields, will require focus not just within NI, but also
on educational opportunities for underserved communities. NI will
continue supporting the future generation of engineers by giving to
and volunteering with STEM education initiatives. NI will invest
$3.4 million globally over the next four years in STEM education
initiatives that serve underrepresented or economically
disadvantaged students. Its first grantees, Code2College and
Project Lead The Way, will each receive $100,000 per year for the
next four years to expand their hands-on learning programs.
- Building a thriving and equitable society: By 2030, NI’s
goal is for 16% of its suppliers to be small or diverse businesses.
This is part of NI’s commitment to increasing equity and well-being
among its employees and in the communities where they live and
work. The company will also work toward achieving pay equity,
advancing comprehensive well-being programs and supporting economic
opportunity initiatives through giving and volunteering.
- Engineering a healthy planet: By 2030, NI’s goal is to
achieve Zero Waste at NI-owned buildings and reduce waste at leased
facilities worldwide. The company will also work to reduce
greenhouse gas emissions, conserve resources and design all new
buildings to LEED and WELL standards. NI will also pursue circular
design improvements to its products and packaging and donate or
discount NI products to organizations developing green
technologies.
To further progress toward these goals, NI has issued a 2+1
Giving Pledge: By 2030, the company will increase giving from 1% to
2% of annual, pre-tax profits in the form of monetary and product
donations. And NI employees will have the opportunity to spend 1%
of their work hours volunteering in their communities.
“This strategy builds upon NI’s culture of caring and long
legacy of corporate citizenship,” said NI Head of Corporate Impact
Tabitha Upshaw. “At the same time, it goes beyond philanthropy to
integrate corporate impact into most every aspect of our business,
especially the way we empower our customers, educators and
innovators to use NI products for good.”
The strategy is also designed to be iterative, and NI may scale
its commitments and goals as its programs evolve and mature. NI
will publish an annual corporate impact report that measures
against its 2019 baseline data.
Forward-Looking Statements
This release contains certain forward-looking statements of NI,
including statements about our strategy; what our goals are, how we
plan to attain them, and our efforts to attain them; and our
commitments. These statements are subject to a number of risks and
uncertainties, including risks and uncertainties related to our
ability to attain or make significant progress toward attaining our
goals; the COVID-19 virus and further economic and market
disruptions resulting from COVID-19; further adverse changes or
fluctuations in the global economy; further adverse fluctuations in
our industry; changes in the current regulatory environment; our
budgets; our ability to effectively manage our operating expenses;
expense overruns; the availability of materials and resources; our
ability to attract and retain employees; our employee restructuring
plans; manufacturing inefficiencies and the level of capacity
utilization; the impact of any recent or future acquisitions or
divestitures by NI (including the ability to retain and integrate
the acquired company’s employees into NI); and adverse effects of
tax treatment and effective tax rates. Actual results may differ
materially from the expected results. NI directs readers to its
Form 10-K for the year ended Dec. 31, 2019, its Form 10-Q for the
quarter ended Sept. 30, 2020 and the other documents it files with
the SEC for other risks associated with the company’s future
performance. These documents contain and identify important factors
that could cause our actual results to differ materially from those
contained in our forward-looking statements. All information in
this release is as of the date above. NI undertakes no duty to
update any forward-looking statement to conform the statement to
actual results or changes in NI’s expectations.
About NI
At NI, we bring together the people, ideas and technology so
forward thinkers and creative problem solvers can take on
humanity’s biggest challenges. From data and automation to research
and validation, we provide the tailored, software-connected systems
engineers and enterprises need to Engineer Ambitiously™ every
day.
National Instruments, NI, ni.com and Engineer Ambitiously are
trademarks of National Instruments Corporation. Other product and
company names listed are trademarks or trade names of their
respective companies.
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version on businesswire.com: https://www.businesswire.com/news/home/20210203005190/en/
NI Corporate Media Relations Amy Grabein amy.grabein@ni.com
pr@ni.com
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