Kyndryl Releases First Corporate Citizenship Report
September 07 2023 - 9:00AM
Business Wire
Reiterates 2040 net zero greenhouse gas
emissions goal and highlights the company’s commitment to building
a more sustainable future
Kyndryl (NYSE: KD), the world’s largest IT infrastructure
services provider, today released its first Corporate Citizenship
Report. The report provides details on the company's progress
across three pillars — the Environment, Our People and Communities,
and Trust — articulating the company’s commitment to address
environmental, social and governance priorities, while also
building long-term value for stakeholders.
“As a purpose-driven company, we’ve committed to operate at the
heart of progress, where innovation, environmental stewardship and
social impact converge,” said Martin Schroeter, Chairman and Chief
Executive Officer, Kyndryl. “We know we can make a positive impact
with our employees, and on our communities and environment, to
deliver a more inclusive and sustainable future. We’re also proud
to be working with our customers to help them achieve their
environmental, social and governance goals.”
Below are the pillars of Kyndryl’s environmental, social and
governance (ESG) program, including highlights of its achievements
to date:
The Environment. The company’s sustainability program
focuses on reducing its environmental impact and helping
stakeholders meet regulatory, customer and investor requirements.
Since its inception, Kyndryl:
- Committed to achieving net zero greenhouse gas emissions by
2040 and aims to achieve 100% renewable energy by 2030.
- Developed its scope 1, 2 and 3 greenhouse gas baseline and
committed to validating its net zero targets through the Science
Based Targets initiative.
- Built a responsible supply chain program aligned with the
Responsible Business Alliance and EcoVadis standards.
Our People and Communities. Kyndryl’s people and social
strategy focuses on building a diverse and highly skilled workforce
with the underlying goal of becoming an employer of choice.
Kyndryl:
- Established The Kyndryl Way culture that is based on
collaboration, mutual responsibility and excellence. As a result of
its commitment to its employees, the company achieved a 75.5%
engagement score — above industry benchmarks — which demonstrates
the level of employee commitment, passion and connection to
Kyndryl.
- Launched more than 70 Kyndryl Inclusion Networks to support an
inclusive, equitable culture.
- Focused on training and upskilling its talent. In fiscal year
2023, Kyndryls completed an average of 98 hours of training per
employee and received over 35,000 hyperscaler certifications – a
100% year-over-year increase.
Trust. Kyndryl’s trust and governance strategy focuses on
maintaining a world-class, diverse Board of Directors, and helps to
ensure the company’s employees operate ethically every day. The
company also implemented rigorous practices for data privacy and
protection.
- 50% of Kyndryl’s Board of Directors are gender, racially and/or
ethnically diverse.
- Kyndryl launched its Human Rights Policy and established
policies to govern corporate behavior around labor, health and
safety, community engagement, and to address modern day slavery
risks — setting a high standard for human rights in all countries
where the company operates.
ESG reporting within Kyndryl’s Corporate Citizenship Report
aligns to the Sustainability Accounting Standards Board and the
Task Force on Climate-related Financial Disclosures frameworks, as
well as the Global Reporting Initiative. Kyndryl also aligns its
programming to the United Nations Sustainable Development Goals —
17 connected goals to address climate change, improve health and
education, reduce inequities and inspire economic growth.
In 2023, Kyndryl submitted its first CDP (formerly Carbon
Disclosure Project) Climate Change questionnaire to outline its
environmental performance. The company also received an EcoVadis
Silver rating in its first full fiscal year, placing Kyndryl in the
top 25% of all participating companies.
To learn more about the company’s progress, visit Corporate
Citizenship at Kyndryl.
About Kyndryl
Kyndryl (NYSE: KD) is the world’s largest IT infrastructure
services provider, serving thousands of enterprise customers in
more than 60 countries. The company designs, builds, manages and
modernizes the complex, mission-critical information systems that
the world depends on every day. For more information, please visit
www.kyndryl.com.
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