Xerox Shares 2023 Corporate Social Responsibility Report
October 19 2023 - 11:30AM
Business Wire
The company provides an update on its net zero by 2040 roadmap
and outlines details of recent double materiality assessment.
Xerox Holdings Corporation (NASDAQ: XRX) today published its
2023 Global Corporate Social Responsibility (CSR) Report detailing
Xerox’s continued CSR accomplishments and underscoring its
continued pioneering leadership in delivering measurable
environmental, social, and governance (ESG) impact work.
“For more than 60 years, Xerox has made sustainability
work—demonstrating that environmental stewardship and corporate
social responsibility programs also lead to increased profits,
improved employee engagement and great client satisfaction. As the
world continues to fight climate change and identify ways to
improve our collective societal well-being, we have doubled our CSR
efforts and reignited our ESG initiatives,” said Steven
Bandrowczak, Chief Executive Officer at Xerox. “While we recognize
that our CSR work is never done, I am proud of our colleagues'
commitment to building a more sustainable, equitable and inclusive
future for all.”
To ensure Xerox and its more than 20,000 global employees
understand their role in mitigating climate change, in 2022, 97% of
employees completed Xerox’s Net Zero training. This ongoing
initiative was designed to educate employees on the basics of
climate change, the company’s plan to reduce emissions, and to
communicate opportunities to participate in emissions reduction
activities.
Additional highlights from this year’s report include:
- For the past two years, we have differentiated the service
experience through CareAR®, a Xerox company, allowing experts to
visually diagnose and solve client issues remotely. This has
resulted in improved uptime and reduced carbon emissions associated
with dispatching a service technician to a client site. In one
year, CareAR has enabled Xerox to reduce client site visits by more
than 57,000, with more than 594 metric tons of CO2 avoided as a
result.
- This year, Xerox conducted a third-party double materiality
assessment with Business for Social Responsibility, which
interviewed key internal and external stakeholders to ensure that
the company’s CSR strategies are centered around the most critical
areas of focus and have the maximum positive impact on people and
the planet. Through this assessment, high-priority material topics
such as climate change, emerging technologies and ethics, and data
privacy and responsible data use were identified, among
others.
- A new partnership with A Better Chance to create an endowment
called the John Visentin Scholarship Fund, which has raised more
than $450,000 to provide scholarships to A Better Chance scholars
interested in pursuing a science, technology, engineering, and math
(STEM) education.
Xerox remains focused on improving operational efficiency with
key stakeholders across the value chain to continue tracking
towards its net zero by 2040 goal. To ensure Xerox meets its
commitments, the company is focused on implementing new third-party
verifiable ESG reporting solutions enabling, better transparency
and collecting comprehensive GHG data from across the
enterprise.
Download Xerox’s full 2023 Global Corporate Social
Responsibility Report here.
About Xerox Holdings Corporation (NASDAQ: XRX)
About Xerox Holdings Corporation (NASDAQ: XRX) For more than 100
years, Xerox has continually redefined the workplace experience.
Harnessing our leadership position in office and production print
technology, we’ve expanded into software and services to
sustainably power the hybrid workplace of today and tomorrow.
Today, Xerox is continuing its legacy of innovation to deliver
client-centric and digitally-driven technology solutions and meet
the needs of today’s global, distributed workforce. From the office
to industrial environments, our differentiated business and
technology offerings and financial services are essential workplace
technology solutions that drive success for our clients. At Xerox,
we make work, work. Learn more at www.xerox.com and explore our
commitment to diversity and inclusion.
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Xerox® is a trademark of Xerox in the United States and/or other
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version on businesswire.com: https://www.businesswire.com/news/home/20231019188405/en/
Media: Justin Capella, Xerox, +1-203-258-6535,
Justin.Capella@xerox.com
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