Keysight Technologies Releases 2019 Corporate Social Responsibility Report — Surpasses Social Impact Goals
May 21 2020 - 11:00AM
Business Wire
Report details company’s environmental, social
and governance impact in helping build a better planet
Keysight Technologies, Inc. (NYSE: KEYS), a leading technology
company that helps enterprises, service providers and governments
accelerate innovation to connect and secure the world, has released
its 2019 Corporate Social Responsibility (CSR) report detailing the
company’s environmental, social and governance initiatives
worldwide.
Amid the COVID-19 pandemic, now more than ever Keysight is
demonstrating its commitment to corporate social responsibility.
The company's response efforts — focused on the health and safety
of employees and their families, customer support and business
continuity, as well as community prosperity — have been managed in
accordance with Keysight policies and in-line with government
actions around the world.
As Keysight continues to monitor the COVID-19 situation and
evolve its response accordingly, the company announced it has
surpassed its social impact goals in community and student
engagement and has made progress in its governance and remaining
environmental goals, targeted for the end of fiscal year 2020.
Below provides an overview of the company’s key impact goal results
as of the end of its fiscal year 2019.
- In the social impact space, Keysight has engaged upwards of
670,000 students in science, technology, engineering and math
(STEM) education, 100,000 students more than the goal target. In
addition, the company has committed approximately $1.4 billion in
value to strengthening communities through philanthropic,
volunteerism and community engagement actions, beating the
company’s updated goal of committing $1.25 billion in value that
was set at the end of fiscal year 2018 when the original goal was
surpassed. As a result, the company has closed on all social impact
goals targeted for completion by the end of fiscal year 2020.
Keysight will not set new or updated goals at this time but will
track continued progress in these areas as the world navigates
COVID-19 impacts and next steps while preparing post-2020 key
impact goal targets.
- In the environmental space, the company has recognized 17.89%
water conservation and 7.44% energy conservation (based on fiscal
year 2015 baseline). While water conservation results surpassed the
15% conservation goal, the company will continue to make progress
toward its energy conservation target of 10% by the end of fiscal
year 2020.
- Keysight’s governance approach continued to ensure there were
no material negative impact to the Income Statement or to
institutional investment levels from CSR-related topics, and thus
this key impact goal remains on track.
“Corporate social responsibility is part of Keysight’s DNA,”
said Ron Nersesian, chairman and CEO, Keysight. “Our commitment to
act responsibly and ethically permeates every aspect of our
operations. While we are tremendously proud of the progress we’ve
made, we are committed to continuing to advance in this important
area.”
Keysight’s CSR performance resulted in the company receiving
multiple recognitions as well, such as those detailed on the
company's CSR News, Awards and Recognition page. Moving forward,
the company expects to continue to make progress in helping build a
better planet through a continuous improvement approach to its CSR
efforts and COVID-19 response and recovery, while supporting
stakeholder expectations and business commitments.
"The COVID-19 pandemic has highlighted the critical role
corporations play in supporting community prosperity," said Hamish
Gray, senior vice president for Keysight. "From employee and
community health and prosperity, to maintaining business continuity
in support of customer and shareholder expectations, Keysight
remains committed to supporting our global communities, while
enabling our customers to deliver their innovative breakthroughs
that help connect and secure the world."
Additional information
- Keysight Corporate Social Responsibility Web site
- Keysight 2019 CSR Report
- Keysight CSR Resources
- Keysight CSR News, Awards & Recognitions
- Keysight’s Response to Coronavirus (COVID-19)
About Keysight Technologies
Keysight Technologies, Inc. (NYSE: KEYS) is a leading technology
company that helps enterprises, service providers and governments
accelerate innovation to connect and secure the world. Keysight's
solutions optimize networks and bring electronic products to market
faster and at a lower cost with offerings from design simulation,
to prototype validation, to manufacturing test, to optimization in
networks and cloud environments. Customers span the worldwide
communications ecosystem, aerospace and defense, automotive,
energy, semiconductor and general electronics end markets. Keysight
generated revenues of $4.3B in fiscal year 2019. More information
is available at www.keysight.com.
Additional information about Keysight Technologies is available
in the newsroom at https://www.keysight.com/go/news and on
Facebook, LinkedIn, Twitter and YouTube.
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version on businesswire.com: https://www.businesswire.com/news/home/20200521005462/en/
Geri Lynne LaCombe, Americas/Europe +1 303 662 4748
geri_lacombe@keysight.com
Fusako Dohi, Asia +81 42 660-2162 fusako_dohi@keysight.com
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