- Reports highlight progress in environmental, social, and
governance efforts worldwide and details achievements in fostering
an inclusive environment
- Keysight significantly surpassed many 2022 Corporate Social
Responsibility key impact goals
Keysight Technologies, Inc. (NYSE: KEYS) released its 2022
Corporate Social Responsibility (CSR) Report and 2022 Diversity,
Equity, and Inclusion (DEI) Report, highlighting the company’s
recent environmental, social impact, ethical governance, diversity,
and equity achievements.
Surpassing many CSR key impact goals for fiscal year
2022
Keysight’s 2022 CSR Report showcases how the company progressed
and exceeded its key impact goals as well as its contributions to
purposeful technology and continued transparency with
environmental, social, and governance (ESG) reporting
frameworks.
The company made progress in environmental sustainability
related to its commitment to net zero emissions for business
operations by the end of fiscal year 2040, aligning with the Paris
Agreement's preferred goal of limiting global warming to 1.5°C.
Highlights include:
- Increasing its global renewable electricity portfolio,
including the installation of a 5.8 megawatt (MW) peak rooftop
solar array at the company's largest facility in Penang,
Malaysia.
- Continuing progress toward its energy reduction goal, including
the completion of an estimated 3500 megawatt hours (MWh) of annual
energy reduction projects.
- Preparing the company’s science-based targets (SBTs) across all
scopes of emissions in 2023 and submitting those targets for
validation to the Science Based Targets initiative (SBTi) in early
2023.
Keysight significantly surpassed its goals for positive social
impact by focusing on community and education, including:
- Initiating new partnerships, which increased its science,
technology, engineering, and math (STEM) education reach and equity
to engage more than 798,000 students, up from 145,000 in fiscal
year 2021. Many of these efforts focused on under-resourced
communities to support future diverse technology skill sets.
- Committing more than $284 million in value to strengthen
communities through philanthropic, volunteerism and community
engagement actions, which surpassed its $250 million goal for the
fiscal year.
The company met its ethical governance goals by not incurring
any material negative impacts to its income statement from
CSR-related matters in fiscal year 2022. This achievement aligns to
Keysight’s ethical operations and business commitments through the
company’s robust governance, which is provided by its Standards of
Business Conduct (SBC), corporate policies, board and risk
oversight, and environmental, health, and safety programs to name a
few.
Fostering an equitable and inclusive environment
The Keysight 2022 DEI Report highlights the company’s progress
in fostering an equitable and inclusive environment within Keysight
and its communities. The company’s goals centered around advancing
representation in STEM, increasing the diversity of its workforce
worldwide, fostering inclusion, and providing equitable access to
development opportunities and other programs to enable its
employees to thrive at every stage of their career.
For the second year in a row, the company set goals to improve
representation of women and underrepresented minorities in its
workforce. Accomplishments included:
- Hiring more than 600 women globally and 300 underrepresented
minorities1 (URMs) in the U.S., surpassing its URM goal by 1.7
percentage points but falling short of its hiring target for women
by 2.8 percentage points. These diversity targets are also a
significant aspect of the company’s CSR key impact goals related to
positive social impact.
- Increasing representation of women and URMs on the Keysight
Board of Directors to its highest rate to date at more than 50%
combined. Keysight also achieved its largest ever increase of women
in executive roles and improved the overall percentage of women and
URMs in leadership roles.
- Hosting 52 women-led university teams worldwide for the
Keysight Innovation Challenge competition.
- Continuing partnerships with Historically Black Colleges and
Universities (HBCU) through scholarships, internship opportunities,
corporate advisory engagements with company executives, and
engineering lab equipment grants.
- Fostering more than 600 mentoring relationships internally,
representing nearly 5,000 mentoring hours as well as increasing DEI
visibility, training resources and requirements, and opportunities
for connection.
Continuing its quest to build a better planet
The Keysight 2022 CSR and DEI Reports demonstrate the company’s
mission of accelerating innovation to connect and secure the world
to help build a better planet through sustainably developed,
leading-edge design, emulation, and test solutions. By providing
these solutions, Keysight helps customers deliver breakthrough
innovations in clean technology, social impact and wellness, and
safety and security.
Looking forward, Keysight remains committed to its mid- and
long-term targets supporting net zero emissions in its operations
by the end of fiscal year 2040 and has announced another set of new
metrics tracking progress in social impact — including DEI — and
ethical governance throughout 2023 and into 2024.
Ingrid Estrada, Senior Vice President, Chief People and
Administrative Officer, and Chief of Staff, Keysight, said: “At
Keysight, diversity, equity, and inclusion remain key pillars of
our culture, fueling our success. Our inclusive, high-performance
culture is an enduring competitive advantage as we focus on
continuous learning, innovation, and outcomes that aim to empower
every employee to achieve their full potential and deliver
exceptional value to our customers.”
Satish Dhanasekaran, President and Chief Executive Officer,
Keysight, said: "Our entire organization remains steadfast in
our commitment to environmental sustainability, social impact,
ethical governance, and enabling customers to bring purposeful
technology to the global community. Our solutions and services help
customers develop innovations that support a more sustainable
future in areas such as clean technology, positive social impact,
wellness, safety, and security. We are excited to build on momentum
on all fronts of CSR and remain steadfast in our dedication to
helping build a better planet.”
Resources
- Keysight 2022 CSR Report
- Keysight 2022 DEI Report
- Keysight CSR Website
- Keysight DEI Website
- Keysight CSR Resources Hub
- Keysight CSR News, Awards & Recognitions
1Keysight uses the following definition of underrepresented
minorities (URM): employees in the U.S. who identify as Black,
African American, Hispanic, Latino, Asian, Pacific Islander, Native
Hawaiian, Native American, Alaska native, or two or more races, or
as lesbian, gay, bisexual, or transgender.
About Keysight Technologies
At Keysight (NYSE: KEYS), we inspire and empower innovators to
bring world-changing technologies to life. As an S&P 500
company, we’re delivering market-leading design, emulation, and
test solutions to help engineers develop and deploy faster, with
less risk, throughout the entire product lifecycle. We’re a global
innovation partner enabling customers in communications, industrial
automation, aerospace and defense, automotive, semiconductor, and
general electronics markets to accelerate innovation to connect and
secure the world. Learn more at Keysight Newsroom and
www.keysight.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230511005490/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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