VMware Drives Positive Change through People and Technology
(3BL Media/Justmeans) -- Social and economic shifts occurring in the US and around the world have made sustainability one of the focal points for business organizations. An enduring culture of corporate responsibility and sound business fundamentals are essential for navigating what lies ahead.
VMware recognizes its responsibility to contribute to the creation of a better future for all. The company has now released an update on their progress towards their Sustainability 2020 goals. The update shows that by leveraging the power of people, products and operations, VMware is driving positive change.
The Global Impact Report Update reflects the strides VMware is making across three pillars of impact: Product, Planet and People. The report also includes VMware’s annual disclosure of ESG performance and confirms its commitment to transparency and good governance.
Investing in a Low Carbon Strategy
Throughout 2016, VMware innovated ways to get closer to its ambitious 2020 environmental goals—carbon neutrality and 100 percent renewable energy for its operations. The company reduced its emissions intensity by 15 percent in 2016. It experienced 8 percent financial growth while reducing its absolute Scope 2emissions by 4 percent. The company also undertook numerous environment-friendly infrastructure projects in 2016.
Equitable Work Environment
One of the ways VMware is living its EPIC2 values is by nurturing an inclusive and diverse culture through its employee-driven Power of Difference communities (PODs). In 2016, the company broadened its internal focus on culture change and engagement by launching 19 new POD chapters. PODs can be focused on key demographic groups, such as Black, Chinese, Latino, LGBTQA, veterans, women, or around driving site-specific inclusion strategies.
An independent 2016 analysis performed by athird party showed that at VMware women earn 99% of their male counterparts’ salaries globally and racial and ethnic minority employees earn 100% of their white counterparts’ salaries in the US.
In 2016, VMware moved from static performance ratings and lengthy annual reviews toward dialogue centered on regular manager and employee conversations, frequent feedback to align expectations and flexible goal setting.
By innovating new performance norms, the company believes that it can not only build stronger human relationships and improve communication between employees and managers, but also stay agile and responsive to the changes that naturally occur in the business environment.
Source: 3BL Media