Intel Editorial: 2018-19 Corporate Responsibility Report – Creating Value Through Transparency
May 16 2019 - 12:30PM
Business Wire
How Intel Evolves Its Reporting Strategy So
It’s Meaningful to Investors, Customers and Employees
The following is an opinion editorial by Suzanne Fallender of
Intel Corporation:
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20190516005108/en/
Intel Corporation released its 2018-19
Corporate Social Responsibility Report on Thursday, May 16, 2019.
(Credit: Intel Corporation)
In the two decades that Intel has been releasing environmental
and corporate social responsibility (CSR) reports, the CSR
reporting landscape has changed dramatically. Once a topic reserved
for specialists, today 85% of S&P 500 companies1 regularly
publish CSR reports and many reporters cover CSR for major media
organizations.
Today, Intel released its latest CSR report, highlighting the
progress made over the past year toward our 2020 goals. But do
these reports really matter?
Intel’s Corporate Responsibility Report: Highlights (Fact
Sheet) | Full Report (Intel.com)
We at Intel think they do – more than ever, in fact – because of
how important they are to our stakeholders, including investors,
customers and employees. These groups demand more accountability
than ever, and companies have an obligation to be transparent with
them.
Investors
Investors are increasingly focused on environmental, social and
governance (ESG) issues. From 2016 to 2018, sustainable investment
assets – including portfolios screened for ESG issues, investors
integrating ESG factors into their investment and/or engaging in
shareholder advocacy activities – grew 38 percent in the U.S. As of
2018, such assets totaled $12 trillion, accounting for $1 of every
$4 under professional management.2 This increase is largely driven
by mainstream investors integrating ESG issues into their
strategies.
At Intel, we have expanded our year-round outreach to investors
on ESG issues to obtain regular feedback on our reporting and
performance. In response, we aligned our reporting to new external
frameworks used most by investors, further increased integration
across our annual report/10-K, proxy statement and corporate
responsibility report and expanded disclosure on how our approach
affects our financial results. For example, since 2012 we have
invested more than $200 million in energy conservation projects in
our global operations, resulting in more than 4 billion
kilowatt-hours conserved and approximately $500 million saved
through the end of 2018.
Customers
More companies are driving responsibility programs throughout
their global supply chains and looking for improved data to help
them evaluate supplier performance. Intel’s major customers are
other large global companies that have their own commitments to
corporate responsibility and sustainability, including formal
supplier expectations. Our report helps them quantify their
indirect environmental footprint and better understand how possible
labor risks are assessed in the extended supply chain. We earned a
leadership score in CDP’s 2018 Supplier Engagement Rating for our
work to encourage improved climate and water reporting by our
suppliers. We also made significant progress toward our goal to
restore 100 percent of our global water use by 2025, and we’re on
track to achieve our 2020 water-use reduction goal. Also, as a
result of our work to prevent forced and bonded labor in our supply
chain, our suppliers have returned over $14 million in fees to
workers since 2014.
Employees
Research indicates that an employer’s corporate responsibility
reputation and programs are often very important to employees.
Intel’s success depends on our ability to attract and retain top
talent by making Intel an employer of choice and fostering a strong
and inclusive culture. In 2018, we reached full representation in
our U.S. workforce, two years ahead of our original goal. And in
early 2019, Intel achieved global gender pay equity. Eighty-five
percent of our employees surveyed reported that Intel’s corporate
responsibility efforts contribute to their pride in the company.
And our employees are more involved in their communities than ever,
with 68,000 employees volunteering 1.5 million hours last year.
For CSR reporting to serve our investors, customers and
employees well, we must get the right data to the right audiences
at the right time. This requires use of technology to enable
real-time data collection, insights and reporting, and it requires
processes such as independent report assurance, to improve data
quality, reliability and comparability. It requires further
integration with financial reporting teams to ensure alignment to
the business and relevance to investors. And, most importantly, it
requires ongoing conversations with stakeholders as their needs
evolve.
Intel’s leaders believe in the value of transparency to our key
stakeholders, and these reports are a critical part of that
transparency. As we work toward our next generation of corporate
responsibility and sustainability goals, we will continue to work
to make our CSR reporting better, timelier and more useful, and we
hope that others companies do the same.
Suzanne Fallender is director of Corporate Responsibility at
Intel Corporation.
About Intel
Intel (NASDAQ: INTC), a leader in the semiconductor industry, is
shaping the data-centric future with computing and communications
technology that is the foundation of the world’s
innovations. The company’s engineering expertise is helping
address the world’s greatest challenges as well as helping secure,
power and connect billions of devices and the infrastructure of the
smart, connected world – from the cloud to the network to the edge
and everything in between. Find more information about Intel at
newsroom.intel.com and intel.com.
1 Governance and Accountability Institute2 US SIF Foundation,
Report on U.S. Sustainable, Responsible, and Impact Investing
Trends 2018.
Intel and the Intel logo are trademarks of Intel Corporation in
the United States and other countries.
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version on businesswire.com: https://www.businesswire.com/news/home/20190516005108/en/
Patricia
Oliverio-Lauderdale408-623-0411patricia.oliverio-lauderdale@intel.com
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