Investing in the Future: Why Keysight Is a Leader in Environmental, Social & Corporate Governance
At Keysight, we believe that our business and Environmental, Social and Governance (ESG) goals are synergistic. We’re committed to building a better world through our solutions and services, and through ethical, responsible and sustainable operations. That commitment has now been recognized by Investor’s Business Daily (IBD), which placed Keysight at #18 in the first annual 50 Best ESG companies listing.
The listing ranks companies with high ratings for their ESG practices, and high IBD Composite Ratings which reflect their strengths in price performance. It also spotlights the fast-growing awareness that companies with a strong focus on ESG tend to be more successful overall. They are better able to respond to the changing business landscape, and to emerging risks such as cyber-security challenges.
It’s particularly gratifying to be rated by IBD as a top 20 ESG company, especially as it follows our recent ranking at #21 in Forbes’ and Just Capital's Just 100 2019 listing. The Just 100 initiative assessed nearly 900 of the largest listed companies in America, rating which show the most responsibility to their employees, customers, partners, communities and the environment.
For us, the idea of running a successful, innovative business that is also dedicated to sustainability, equality and diversity is nothing new. It’s been integral to our culture for 80 years, since Bill Hewlett and David Packard founded their company with a set of guiding principles now known as the ‘HP Way.’ We continue to honor those principles every day, by conducting business with uncompromising integrity and a constant focus on ESG practices.
For example, back in 2017 we set ourselves key environmental impact goals to achieve by the end of 2020. We aimed for 10% energy conservation, and 15% water conservation compared to our fiscal year 2015 baseline.
At the end of FY2018, we had achieved over 6% energy conservation, and exceeded our water conservation target two years ahead of schedule.
Strengthening the social fabric
We also focus on creating a diverse, inclusive work environment that sustains a culture of innovation, ownership, passion, and respect. We’re officially a Great Place to Work, as certified by the leading global authority on high-trust workplace cultures. We’re also among Fortune Magazine’s 100 Best Workplaces for Diversity.
We extend these values outside the workplace too, supporting local communities through financial support, education and volunteering. At the end of FY2018, we had committed $1.02 billion in value to strengthening communities, already exceeding the goal we had set for the end of FY2020. This support also extends to direct emergency action to help save lives and restore communities in crisis, such as during the Tubbs wildfires in 2017, and during the October 2019 fires.
We achieve all of this through our ethical business governance and operational practices worldwide. We’re committed to conducting business responsibly, with all our procedures and values supporting transparency, sustainability and compliance. This is because we believe the purpose of ESG is not just to look good, but to do good for our customers, shareholders, employees, our global communities and the environment.
To find out more about our approach to ESG and CSR, and our progress towards our CSR impact goals, download our latest CSR report here.