New Relic Releases Inaugural ESG Impact Report for Fiscal Year 2022
July 13 2022 - 10:00AM
Business Wire
New Relic (NYSE: NEWR), the observability company, published its
inaugural environmental, social, and governance (ESG) 2022 Impact
Report. The report encompasses New Relic’s approach to ESG,
including making significant achievements in pay equity across race
and gender, obtaining HITRUST certification to strengthen data
security and privacy, measuring Scope 1, 2 and 3 greenhouse gas
emissions, and providing more than $6.5 million in product and
discounts to nonprofits and students to expand equitable access to
technology.
“As a leader in observability, New Relic is proud to deepen our
commitment to ESG so that we can continue to tackle the challenges
and seize the opportunities facing our industry,” said New Relic
CEO Bill Staples. “Our ESG program and inaugural report have
been woven into the fabric of our company strategy, culture, and
vision. We aim to build upon our commitment to ESG with even
greater transparency and accountability and to inspire our peers
across the industry to do the same.”
ESG initiatives have long been an organizational priority for
New Relic. The launch of the 2022 Impact Report and formal ESG
practice represents the culmination of years of this work. As a
data-driven organization, New Relic has incorporated ESG into its
technology, people, and business strategies, deepening transparency
and rigor around ESG in order to remain accountable to steady
improvement. Highlights from the Fiscal Year 2022 report
include:
- Embracing diversity, equity, and inclusion: A commitment
to recruiting, hiring and promoting team members from diverse
backgrounds resulted in significant achievements in pay equity
across gender and race. Additionally, New Relic made progress
increasing workforce representation across Black and Hispanic
employees in the U.S., and of women company-wide.
- Building a privacy and security culture: HITRUST
certification adds to the company’s growing number of relevant data
security standards and certifications we adhere to, including ISO
27001, SOC2, FedRAMP Moderate and TISAX.
- Increasing affordable access to technology: Donated $6.5
million in free and discounted products to nonprofits and charities
around the world. Additional actions taken include the launch of
New Relic Student Edition — a program offering an expanded free
tier of New Relic for students — and continued investments and
contributions to the open source community.
- Advancing sustainability: Implemented environmental
management software and undertook a GhG Emissions review of the
last three years in order to benchmark Scope 1, 2, and 3 emissions
from pre-pandemic to present day. Through this process the company
aims to better understand operational impacts and create a strategy
to measure carbon emissions.
Looking ahead
New Relic is committed to furthering its ESG commitments and
expects to:
- Increase representation, development, and retention of
underrepresented Relics in the workforce and provide ongoing
education that promotes inclusion, including “Building a Better New
Relic for Transgender Relics,” an on-demand workshop that educates
managers and employees on inclusive language, behaviors, and tools
needed to successfully support transitioning Relics.
- Continue to provide data privacy and sector-specific compliance
programs across our product suite as privacy and related
regulations evolve globally.
- Continue to focus on software supply chain security and
protecting services on the platform.
- Grow employee participation in social impact efforts to 70% in
fiscal 2023, as well as launch a grantmaking program to distribute
$100,000 of unrestricted funding for nonprofits to use in building
their technological capacity.
- Develop a climate strategy and move completely out of data
centers to become entirely cloud-based.
Additional Information:
- Learn more about New Relic’s ESG practice and hear additional
insights from New Relic CEO Bill Staples
- First annual Global Impact Report 2022
About New Relic
As a leader in observability, New Relic empowers engineers with
a data-driven approach to planning, building, deploying, and
running great software. New Relic delivers the only unified data
platform that empowers engineers to get all telemetry—metrics,
events, logs, and traces—paired with powerful full stack analysis
tools to help engineers do their best work with data, not opinions.
Delivered through the industry’s first usage-based consumption
pricing that’s intuitive and predictable, New Relic gives engineers
more value for the money by helping improve planning cycle times,
change failure rates, release frequency, and mean time to
resolution. This helps the world’s leading brands including
American Red Cross, Australia Post, Banco Inter, Chegg, Gojek,
Signify Health, TopGolf, World Fuel Services (WFS), and Zalora
improve uptime, reliability, and operational efficiency to deliver
exceptional customer experiences that fuel innovation and growth.
www.newrelic.com.
Forward-looking statements
This press release contains “forward-looking” statements, as
that term is defined under the federal securities laws, including
but not limited to statements regarding New Relic’s ESG initiatives
and future goals. The achievement or success of the matters covered
by such forward-looking statements are based on New Relic’s current
assumptions, expectations, and beliefs and are subject to
substantial risks, uncertainties, assumptions, and changes in
circumstances that may cause New Relic’s actual results,
performance, or achievements to differ materially from those
expressed or implied in any forward-looking statement. Further
information on factors that could affect New Relic’s financial and
other results and the forward-looking statements in this press
release is included in the filings New Relic makes with the SEC
from time to time, including in New Relic’s most recent Form 10-K,
particularly under the captions “Risk Factors” and “Management’s
Discussion and Analysis of Financial Condition and Results of
Operations.” Copies of these documents may be obtained by visiting
New Relic’s Investor Relations website at http://ir.newrelic.com or
the SEC's website at www.sec.gov. New Relic assumes no obligation
and does not intend to update these forward-looking statements,
except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20220713005262/en/
Kerry Baker New Relic, Inc. PR@newrelic.com Peter Goldmacher New
Relic, Inc. 503-336-9280 IR@newrelic.com
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