Elastic Issues Inaugural ESG Report
July 12 2022 - 4:25PM
Business Wire
Elastic (NYSE: ESTC), the company behind Elasticsearch, has
released its inaugural environmental, social, and governance (ESG)
report. The report details the ways in which the company is
addressing today's challenges with transparency and accountability
to enhance the lives of its employees, customers, and society at
large. In addition to outlining Elastic’s four ESG pillars, social
impact, governance, environmental, and product societal impact, the
inaugural report provides Elastic’s ESG data for the period January
1, 2021, through December 31, 2021.
“This report reflects our ongoing commitment to deepening the
integration of ESG into the fabric of our corporate strategy—not
simply because we need to, but because it’s the right thing to do,”
said Ash Kulkarni, CEO, Elastic.
Social Impact
As a globally distributed company, Elastic focuses on recruiting
top, diverse talent to reflect the global nature of its customers.
The company is committed to engaging, supporting, developing, and
retaining its employees with a flexible and inclusive workplace,
and fair and consistent pay practices. Elastic prioritizes engaging
with the communities in which its employees live and work,
primarily through the company’s philanthropic initiative, Elastic
Cares, which is available to all permanent employees and
consultants.
Governance
Elastic is dedicated to pursuing strong governance and ethical
business conduct as well as safeguarding its customers’ data. This
includes board-level and management-level ESG oversight committees,
a business integrity program to promote better governance and the
highest standards of ethical and professional conduct, and data
security and privacy policies to ensure compliance with key
information security standards and regulations.
Environmental
Elastic’s commitment to sustainable operations includes an open
reporting culture and agile responses to environmental impacts as
they arise. The company currently collaborates with specialists to
provide gap analyses on where it stands among international
environmental sustainability standards and is in the process of
creating a minimum standard of global environmental sustainability
initiatives, as well as environmental design and construction
guidelines for new offices.
Product Societal Impact
Elastic’s open source roots enable the company to build products
that create a positive societal impact and provide its solutions to
a large community of users for free. This encourages innovation and
efficiency to operate at scale for both non-profit organizations
and for-profit customers.
Click here to read the full Elastic 2021 ESG report.
About Elastic:
Elastic (NYSE: ESTC) is a leading platform for search-powered
solutions. We help organizations, their employees, and their
customers accelerate the results that matter. With solutions in
Enterprise Search, Observability, and Security, we enhance customer
and employee search experiences, keep mission-critical applications
running smoothly, and protect against cyber threats. Delivered
wherever data lives, in one cloud, across multiple clouds, or
on-premise, Elastic enables 18,000+ customers and more than half of
the Fortune 500, to achieve new levels of success at scale and on a
single platform. Learn more at elastic.co.
Elastic and associated marks are trademarks or registered
trademarks of Elastic N.V. and its subsidiaries. All other company
and product names may be trademarks of their respective owners.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220712006078/en/
Adrian Eyre PR-Team@elastic.co
Elastic NV (NYSE:ESTC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Elastic NV (NYSE:ESTC)
Historical Stock Chart
From Apr 2023 to Apr 2024