Keysight Releases 2021 Corporate Social Responsibility Report
May 16 2022 - 11:00AM
Business Wire
Report highlights company’s progress in environmental, social,
and governance efforts worldwide
Keysight Technologies, Inc. (NYSE: KEYS), a leading technology
company that delivers advanced design and validation solutions to
help accelerate innovation to connect and secure the world, has
released its 2021 Corporate Social Responsibility (CSR) Report
detailing the company's environmental sustainability, social impact
and ethical governance initiatives worldwide. In this report,
Keysight highlights its progress toward key impact goals,
contributions to purposeful technology, and continued transparency
alignment with key environmental, social, governance (ESG)
reporting frameworks — including the addition of more robust Task
Force on Climate-Related Financial Disclosures (TCFD) data.
"CSR remains core to Keysight’s purpose of accelerating
innovation to connect and secure the world,” said Satish
Dhanasekaran, Keysight president and CEO. “We are excited about the
opportunity to favorably impact the communities and customer
ecosystems we serve through a continual focus on sustainability and
engineering equality.”
In fiscal year 2021 the company announced new CSR key impact
goals to track its efforts in helping drive positive environmental
and social impact globally. Progress was made across these short-,
mid-, and long-term measures in 2021:
- In the environmental sustainability space, Keysight committed
to net zero emissions in company operations by the end of fiscal
year 2040, in alignment with the Paris Agreement's preferred goal
to limit global warming to 1.5°C. In support of this end goal, and
interim renewable energy and energy reduction targets, the company
also announced its commitment to the Science Based Targets
initiative (SBTi). As such, Keysight will work with the SBTi to
develop approved science-based targets (SBTs) that will enable the
company to measure progress in greenhouse gas emissions reduction
and ensure targets are consistent with the latest climate change
scenarios.
- In the social impact space, Keysight engaged upwards of 145,000
students in science, technology, engineering and math (STEM)
education to help support future technologist skills development.
In addition, the company committed approximately $315 million in
value to strengthening communities through philanthropic,
volunteerism, and community engagement actions. Both results
surpassed Keysight’s original fiscal year 2021 goal targets,
supported by focused adjustments to address global community needs
related to the continued pandemic response and other societal
impacts of the year.
- Specifically in the diversity, equity, and inclusion (DEI)
space, Keysight announced its first publicly communicated diversity
hire goals for fiscal year 2021 with targets of 45% of U.S. new
hires being from underrepresented minority (URM)1 groups and 35%
global new hires being women. The company announced that it
exceeded its URM goal with a result of 46.4% representation of U.S.
new hires. And, while progress was made on the global female new
hire front, Keysight fell slightly short of its 2021 goal with
34.4% female representation of global new hires.
In addition to progress being made toward the company’s key
impact goals, Keysight’s corporate purpose of accelerating
innovation to connect and secure the world further exemplifies how
the company’s core competencies help build a better planet.
Increasingly negative impacts on the global community from the
effects of climate change, social unrest, and a prolonged pandemic,
makes the company’s mission as relevant today as ever. As
highlighted in the Keysight 2021 CSR Report, the company’s
sustainably developed, leading-edge design, test, manufacture, and
optimization solutions help customers deliver breakthrough
purposeful innovations in areas such as clean technology, social
impact and wellness, and safety and security. All of which are
critical components of building a better planet.
As a measurement company, Keysight is also acutely aware of the
need to maintain transparency of the company’s progress in the CSR
space. As such, this 2021 CSR Report continues to provide data
disclosures aligned with the Global Reporting Initiative (GRI) and
the Sustainability Accounting Standards Board (SASB) reporting
frameworks. In addition, this year’s report is the first to
integrate reporting aligned with key data points of the TCFD.
These CSR efforts and results continue to garner multiple
recognitions for Keysight, such as those detailed on the company's
CSR News, Awards and Recognition page.
Looking forward, the company expects to continue making progress
toward its mid- and long-term targets in support of its goal of net
zero emissions in operations by the end of fiscal year 2040, and
has announced another set of new measures to track progress in
social impact and ethical governance throughout 2022 and into
2023.
- California Assembly Bill 979 defines underrepresented minority
as Black, African American, Hispanic, Latino, Asian, Pacific
Islander, Native American, Native Hawaiian, or Alaska native, or as
gay, lesbian, bisexual, or transgender.
Additional information
- Keysight 2021 CSR Report
- Keysight CSR Editorial Backgrounder
- Keysight Corporate Social Responsibility Web site
- Keysight CSR Resources Hub
- Keysight CSR News, Awards & Recognitions
About Keysight Technologies
Keysight delivers advanced design and validation solutions that
help accelerate innovation to connect and secure the world.
Keysight’s dedication to speed and precision extends to
software-driven insights and analytics that bring tomorrow’s
technology products to market faster across the development
lifecycle, in design simulation, prototype validation, automated
software testing, manufacturing analysis, and network performance
optimization and visibility in enterprise, service provider and
cloud environments. Our customers span the worldwide communications
and industrial ecosystems, aerospace and defense, automotive,
energy, semiconductor, and general electronics markets. Keysight
generated revenues of $4.9B in fiscal year 2021. For more
information about Keysight Technologies (NYSE: KEYS), visit us 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/20220516005648/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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