Meets key environmental milestone ahead of
schedule
PLANO,
Texas, Aug. 12, 2024 /PRNewswire/ -- Ribbon
Communications Inc. (Nasdaq: RBBN), a global provider of real
time communications technology and IP optical networking solutions
to many of the world's largest service providers, enterprises, and
critical infrastructure operators to modernize and protect their
networks, today released its 2023 sustainability report. The report
highlights Ribbon's continued efforts in achieving its
sustainability initiatives, and its success in delivering enhanced
access, connectivity, and network security to customers in more
than 140 countries.
"Customers are increasingly taking ESG objectives, which include
social, compliance and environmental factors, into consideration
when making purchasing decisions," said Patrick Macken, CLO and EVP, Ribbon. "I'm proud
of the work the team has done to make improvements in several
areas, many of which also positively impact our operational
expenses."
Ribbon was able to achieve its emissions reduction target seven
years early, facilitated by a deliberate 26% cut in electricity
consumption over six years and boosting its renewable electricity
consumption to 10% of total electricity use.
As always, the company reported on the latest status of its
'Three by 30' targets:
- Reduce direct carbon emissions by 30% by 2030 (Scope 1+2 CO2e,
from a base year of 2018)
- 33% reduction in Scope 1+2 CO2e emissions compared to
2018.
- Increase women in management to 30% of all management roles to
be held by women by 2025
- 17% of management roles were held by women in 2023.
- Achieve 30% of our Tier 1 suppliers audited with zero major
non-conformances against Ribbon's Supplier Audit Protocol by 2025.
- 21% of our Tier 1 suppliers were audited against our Supplier
Code of Conduct in 2023 by independent external auditors.
"We are making good progress towards our 'Three by 30' targets
although more progress is needed against our diversity goals. Last
year, 26% of our new hires were women, including Chief Marketing
Officer Joni Roberts, and we
promoted a number of women into management or into higher positions
within management," Mr. Macken added. "We continue to work on
accelerating our velocity in hiring more women and elevating them
into leadership positions."
About Ribbon
Ribbon Communications (Nasdaq: RBBN)
delivers communications software, IP and optical networking
solutions to service providers, enterprises and critical
infrastructure sectors globally. We engage deeply with our
customers, helping them modernize their networks for improved
competitive positioning and business outcomes in today's smart,
always-on and data-hungry world. Our innovative, end-to-end
solutions portfolio delivers unparalleled scale, performance, and
agility, including core to edge software-centric solutions,
cloud-native offers, leading-edge security and analytics tools,
along with IP and optical networking solutions for 5G. We maintain
a keen focus on our commitments to Environmental, Social and
Governance (ESG) matters, offering an annual Sustainability Report
to our stakeholders. To learn more about Ribbon, please visit
rbbn.com.
Important Information Regarding Forward-Looking
Statements
The information in this release contains
forward-looking statements regarding future events that involve
risks and uncertainties. All statements other than statements of
historical facts contained in this release, including those
regarding the expected benefits from use of Ribbon Communication's
products, are forward-looking statements. The actual results of
Ribbon Communications may differ materially from those contemplated
by the forward-looking statements. For further information
regarding risks and uncertainties associated with Ribbon
Communications' business, please refer to the "Risk Factors"
section of Ribbon Communications' most recent annual or quarterly
report filed with the SEC. Any forward-looking statements represent
Ribbon Communications' views only as of the date on which such
statement is made and should not be relied upon as representing
Ribbon Communications' views as of any subsequent date. While
Ribbon Communications may elect to update forward-looking
statements at some point, Ribbon Communications specifically
disclaims any obligation to do so.
Investor Contact
+1 (978) 614-8050
ir@rbbn.com
Media Contact
Catherine
Berthier
+1 (646) 741-1974
cberthier@rbbn.com
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SOURCE Ribbon Communications Inc.