Pitney Bowes Releases ESG (Environmental, Social and Governance) Report
July 26 2022 - 10:00AM
Business Wire
Pitney Bowes Inc. (NYSE: PBI), a global shipping and mailing
company that provides technology, logistics, and financial
services, today released its 2021 ESG Report. Since 2008, the
company has reported annually on environmental, social and
governance matters in its Corporate Responsibility Report. The
report’s new title reflects the company’s commitment to responsible
citizenship through the way it conducts business, creates
meaningful impact in local communities, achieves environmental
sustainability, focuses on safety and strengthens its commitment to
a diverse and inclusive company culture.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20220726005369/en/
2021 Pitney Bowes ESG Report (Graphic:
Business Wire)
“We remain committed to safeguarding our colleagues while
delivering quality and value for our clients and a good return for
our investors,” said Marc B. Lautenbach, Pitney Bowes President and
CEO. “At the same time, we are steadily raising the bar on
environmental, social and governance matters in keeping with our
responsibilities as employer, neighbor and corporate citizen.”
Among the many ESG initiatives this report covers, key
highlights from the past year include:
Progress towards Carbon Neutrality: Since announcing our
commitment to achieve carbon neutrality by 2040, we have taken
further steps to reduce energy consumption, accelerate our move to
renewable energy sources and increase the transparency of our
reporting. Starting with this 2021 report, our coverage of CO2
emissions will include not only direct Scope 1 and 2 emissions from
our operations, but also indirect Scope 3 emissions across our
entire value chain. We recognize that a critical component in the
growth of our logistics operations will require the diversification
of sources of energy and use of alternative energies. In 2021, we
continued to turn toward more sustainable fuel for our fleet, e.g.,
fuel with 2 and 11 percent biodiesel and diesel blend.
Increase Use of Renewable Energy in our Sites: We are
proud of the significant increase in the number of our sites
procuring electricity from renewable sources through our Green
Retail program of electrical contracts with bundled Renewable
Energy Certificates (REC). In 2019, we set a goal of procuring at
least 20 percent of our energy from renewable sources by the year
2025. We surpassed this goal in 2021, reaching 29.7 percent, and
have now made the further commitment to source renewable energy in
all sites located in deregulated energy market states (where it is
readily available), which will bring us to approximately 50 percent
renewable energy by 2025.
Reimagining the Way We Work: In 2021, Pitney Bowes
reexamined the ways we work together, driving new modes of onsite
and remote collaboration under a unified system we call PB@Work.
This approach capitalizes on our rich culture of diversity and
inclusion, encouraging and supporting everyone in our organization
to be their authentic selves.
Deepening our Long-term Diversity and Inclusion Efforts:
The company’s long record of advocacy and commitment to diversity
and inclusion was recognized in 2021 with numerous awards including
Forbes’ Best Employers (2021), Best Employers for Diversity (2020,
2021, 2022), and Best Employers for Women (2018, 2019, 2020, 2021);
Human Rights Campaign’s 100 percent Corporate Equality Index (2021,
2022); Women’s Forum of New York’s Breakfast of Corporate Champions
2019 and 2021, for higher-than-average gender representation on
Board of Directors – 50% of the independent directors on the Pitney
Bowes board of directors are women. The company’s efforts have
resulted in a U.S. workforce that is 52 percent people of color and
a global workforce that is 43 percent women. As of 2022, people of
color comprise 21 percent of Pitney Bowes senior management, have
key roles on the executive team and constitute 33 percent of
overall management.
Continuing Pitney Bowes Commitment to Supplier Diversity:
In keeping with the company’s enterprise-wide commitment to
diversity and inclusion, Pitney Bowes is committed to growing its
business using diverse suppliers. The company believes diverse
businesses enhance its global supply base, providing innovative
strategies and solutions while meeting or exceeding expectations in
the areas of cost, quality and delivery.
Bringing the same commitment to the communities where we
operate: Last year, the company’s signature volunteer program,
Dedication to Education, mobilized teams in seven countries for
programs that advanced childhood literacy and educational
opportunity. Closer to home, the Fairfield County Business
Collaborative for Education Equity (a joint venture with other
nearby business leaders) raised more than $1.4 million for use in
programs dealing with early childhood education, summer learning,
college readiness, and food insecurity.
Pitney Bowes measures its performance against the highest ESG
standards and increasingly aligns its reporting with leading
international benchmarks. The 2021 ESG Report was prepared in
accordance with the Global Reporting Index, the United Nations
Sustainable Development Goals, and the Task Force on
Climate-Related Financial Disclosures. To learn more about Pitney
Bowes ESG efforts, visit pb.com/responsibility.
About Pitney Bowes
Pitney Bowes (NYSE:PBI) is a global shipping and mailing company
that provides technology, logistics, and financial services to more
than 90 percent of the Fortune 500. Small business, retail,
enterprise, and government clients around the world rely on Pitney
Bowes to remove the complexity of sending mail and parcels. For the
latest news, corporate announcements and financial results visit
https://www.pitneybowes.com/us/newsroom.html. For additional
information visit Pitney Bowes at www.pitneybowes.com.
About Pitney Bowes Foundation
The Pitney Bowes Foundation is a private entity with a mission
to support literacy and education and the diverse community
interests of Pitney Bowes employees. We commit our resources to
supporting students and families from underserved communities,
closing the opportunity gap and preparing the workforce of
tomorrow. For information about these programs and other Pitney
Bowes Global Corporate Citizenship and Philanthropy initiatives,
please visit pb.com/community.
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John Spadafora Pitney Bowes M +1 518 708 3466
john.spadafora@pb.com
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