Check Point Software Releases its 2023 Environment, Social, and Governance (ESG) Report

Rhea-AI Summary

Check Point Software Technologies (NASDAQ: CHKP) has released its 2023 ESG Report, highlighting progress in environmental, social, and governance areas. Key achievements include:

1. Environmental: Set framework for 100% renewable energy at International HQ starting 2024; Improved power efficiency of Quantum Force security gateways.

2. Social: Trained ~190,000 people in cybersecurity; Partnered with 37 new SecureAcademy institutions; Increased corporate donations by 29%.

3. Governance: 40% of senior leadership positions held by women; 33% female board members; No pay gaps in Israel for third consecutive year.

Check Point aims to achieve carbon neutrality by 2040 and remains committed to making the world safer and better through its ESG initiatives.

Report reflects Check Point’s progress to secure a shared future across ESG pillars

REDWOOD CITY, Calif., July 15, 2024 (GLOBE NEWSWIRE) -- Check Point Software Technologies Ltd. (NASDAQ: CHKP), a leading AI-powered, cloud-delivered cyber security platform provider, today released its 2023 ESG Report: Security through Sustainability and Action. This annual ESG report outlines the company’s approach, commitments, and progress made on the environmental, social, and governance issues that matter most to Check Point and our stakeholders.

“Throughout 2023 we made significant progress on our ESG commitments to our customers, society and the planet, from more efficient power consumption per throughput for our Quantum Force security gateways to training the next generation in cyber security and more,” said Gil Shwed, Founder and CEO, Check Point Software Technologies. “I am proud of our achievements in the past year, and we remain committed to continuing our focus on sound corporate responsibility and ESG action in 2024 in service of our goal of making the world safer, while also making it better.”

Report highlights include:

Sustainable Environment and Product Innovation with Goal of Achieving Carbon Neutrality by 2040

• In 2023, we set the framework to begin offsetting our electrical consumption with 100% renewable energy at our International Headquarters, beginning in 2024
• Designed new innovations, enabling our Quantum Force security gateways to deliver AI-powered threat prevention, with a power efficient design that outperforms the industry standard

Cyber Security Awareness for a Safer Digital World

• Globally trained approximately 190,000 people in cyber security skills via Check Point MIND, SecureAcademy, and other programs
• Partnered with 37 new SecureAcademy academic institutions and non-profits, for a total number of 179 partners around the world

Corporate Responsibility Through Education and Philanthropy

• Increased corporate donations and charitable giving by 29% compared to 2022
• Launched the Center for High-Tech Professions in partnership with the Tel Aviv Municipality and the Tel Aviv Foundation, to promote technical education for disadvantaged youth
• Welcomed nearly 10,000 visitors at the Check Point Cyber Center to educate students, government and business leaders and the public about cyber security
  

Dedication to Diversity and Inclusion

• Women comprised 40% of senior leadership positions and oversaw 71% of global workforce
• 33% of Check Point’s Board Members are women
• Annual Equal Pay Report for Israel found no pay gaps for the third consecutive year
• Established a new employee resource group for military veterans and active-duty officers in the United States

Check Point’s 2023 ESG report is available here: https://engage.checkpoint.com/2023-esg-report

To learn more about Check Point’s ESG program, visit: https://www.checkpoint.com/about-us/esg/

Follow Check Point via:

LinkedIn: https://www.linkedin.com/company/check-point-software-technologies

Twitter: https://www.twitter.com/checkpointsw

Facebook: https://www.facebook.com/checkpointsoftware

Blog: https://blog.checkpoint.com

YouTube: https://www.youtube.com/user/CPGlobal

About Check Point Software Technologies Ltd.

Check Point Software Technologies Ltd. (www.checkpoint.com) is a leading AI-powered, cloud-delivered cyber security platform provider protecting over 100,000 organizations worldwide. Check Point leverages the power of AI everywhere to enhance cyber security efficiency and accuracy through its Infinity Platform, with industry-leading catch rates enabling proactive threat anticipation and smarter, faster response times. The comprehensive platform includes cloud-delivered technologies consisting of Check Point Harmony to secure the workspace, Check Point CloudGuard to secure the cloud, Check Point Quantum to secure the network, and Check Point Infinity Platform Services for collaborative security operations and services.

MEDIA CONTACT: Liz Wu Check Point Software Technologies press@checkpoint.com

INVESTOR CONTACT: Kip E. Meintzer Check Point Software Technologies ir@checkpoint.com

FAQ

What are the key highlights of Check Point Software's 2023 ESG Report?

Check Point's 2023 ESG Report highlights progress in environmental sustainability, cybersecurity education, corporate philanthropy, and diversity. Key achievements include setting a framework for 100% renewable energy use, training 190,000 people in cybersecurity, increasing corporate donations by 29%, and maintaining gender diversity in leadership positions.

How is Check Point (CHKP) addressing environmental sustainability?

Check Point (CHKP) is addressing environmental sustainability by setting a goal to achieve carbon neutrality by 2040. They've established a framework to offset electrical consumption with 100% renewable energy at their International Headquarters starting in 2024, and have designed more power-efficient Quantum Force security gateways.

What initiatives has Check Point (CHKP) taken for cybersecurity education in 2023?

In 2023, Check Point (CHKP) trained approximately 190,000 people in cybersecurity skills through programs like Check Point MIND and SecureAcademy. They partnered with 37 new SecureAcademy academic institutions and non-profits, bringing their total partners to 179 worldwide. Additionally, they welcomed nearly 10,000 visitors to the Check Point Cyber Center for education.

How has Check Point (CHKP) improved its diversity and inclusion efforts in 2023?

Check Point (CHKP) improved diversity and inclusion in 2023 by ensuring women comprised 40% of senior leadership positions and oversaw 71% of the global workforce. 33% of board members are women, and they maintained no pay gaps in Israel for the third consecutive year. They also established a new employee resource group for military veterans and active-duty officers in the United States.

What was Check Point Software's (CHKP) increase in corporate donations for 2023?

According to the 2023 ESG Report, Check Point Software (CHKP) increased its corporate donations and charitable giving by 29% compared to 2022.