Penguin Solutions Releases 2023 Environmental, Social, and Governance Report
October 31 2024 - 5:55PM
Business Wire
Tech innovator continues progress toward
meaningful long-term sustainability goals
Penguin Solutions, Inc. (“Penguin”) (Nasdaq: PENG) today
released the 2023 Penguin Solutions Environmental, Social, and
Governance Report, the fourth annual record of the company’s
progress on its environmental, social, and governance (ESG) goals.
The report provides a transparent account of the company’s ongoing
commitment to maintaining high standards of safety and ethical
conduct, cultivating a workplace culture that champions diversity,
equity, and inclusion, and giving back to the global communities in
which it operates.
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the full release here:
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The Penguin Solutions 2023 ESG Report,
the fourth annual record of the company’s progress, shows how the
company is working to fulfill its long-term aims by building on
progress made in previous years. (Photo: Business Wire)
Over the past four years, Penguin Solutions has established a
suite of meaningful ESG goals. The 2023 ESG Report shows how the
company is working to fulfill these long-term aims by building on
progress made in previous years. In 2023, Penguin Solutions:
- Reduced total Scope 1 and Scope 2 greenhouse gas (GHG)
emissions by 76% and converted a second site to run on 100%
renewable energy, achieving 78% of its energy from this renewable
(Penguin Solutions’ first site went 100% renewable in 2021.);
- Conducted a global study of gender pay parity that expands on
last year’s U.S.-only review;
- Stayed engaged with industry peers on sustainability concerns
by maintaining membership in the Responsible Business Alliance;
and
- Streamlined and fortified its global information security
program to help stay ahead of current and emerging risks.
“During the last calendar year, we made great strides on our ESG
initiatives,” said Mark Adams, president and CEO of Penguin
Solutions. “I am incredibly proud of our team, our unwavering
commitment to corporate responsibility across the company, and the
progress we are making toward a sustainable future.”
In 2024, Penguin Solutions conducted its first formal double
materiality assessment, which involved interviews with key
stakeholders on a range of ESG topics. This assessment drew on best
practices from the Global Reporting Initiative (GRI), the UN
Sustainable Development Goals (SDGs), the UN Global Compact (UNGC),
the Task Force on Climate-Related Financial Disclosures (TCFD), and
the European Sustainability Reporting Standards (ESRS).
To read the full report, click here: 2023 Penguin Solutions ESG
Report.
Penguin Solutions is a trademark owned within the family of
companies owned by Penguin Solutions, Inc. All other trademarks are
the property of their respective owners.
About Penguin Solutions
The most exciting technological advancements are also the most
challenging for companies to adopt. At Penguin Solutions, we
support our customers in achieving their ambitions across our
computing, memory, and LED business segments. With our expert
skills, experience, and partnerships, we turn our customers’ most
complex challenges into compelling opportunities.
For more information, visit
https://www.penguinsolutions.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20241031918061/en/
Investor Contact Suzanne Schmidt Investor Relations for
Penguin Solutions (510) 360-8596 ir@penguinsolutions.com
PR Contact Maureen O’Leary Penguin Solutions Corporate
Communications (602) 330-6846 pr@penguinsolutions.com
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