IBM Releases IBM Impact Report 2022

Rhea-AI Summary

IBM has released its 2022 Impact Report, highlighting its commitments to environmental, social, and governance (ESG) initiatives. The report features three main pillars: Environmental Impact, Equitable Impact, and Ethical Impact. Notably, IBM exceeded its goal by training over 1,000 tech ethics partners and committing to train 1,000 suppliers by 2025. IBM also initiated a $250 million investment in skills training, employing over 900 apprentices, with 90% progressing to full-time roles. More than 7 million learners participated in free IBM courses aimed at skilling 30 million people by 2030. Additionally, the company reported a 61.6% reduction in operational greenhouse gas emissions since 2010 and diverted 93.8% of nonhazardous waste from landfills.

Positive

• IBM trained over 1,000 partners in technology ethics, exceeding its target.
• IBM has invested $250 million in skills training, hiring over 900 apprentices with a 90% full-time conversion rate.
• Over 7 million learners enrolled in free courses as part of IBM's goal to upskill 30 million people by 2030.
• Achieved a 61.6% reduction in operational greenhouse gas emissions since 2010.
• Diverted 93.8% of nonhazardous waste from landfills.

Negative

• None.

NORTHAMPTON, MA / ACCESSWIRE / April 12, 2023 / IBM (NYSE:IBM) today announced the release of its 2022 IBM Impact report, which includes the company's information about its environmental, social and governance efforts.

In 2022, IBM launched the IBM Impact framework -its strategy on ESG- with its Environmental Impact, Equitable Impact, and Ethical Impact pillars that reflect IBM's achievements, and strategies to build a future that is more sustainable, equitable, and ethical.

Highlights from the 2022 IBM Impact report include:

• IBM exceeded our target to train 1,000 ecosystem partners in technology ethics. We are also launching a new commitment to train 1,000 suppliers in technology ethics by 2025.
• We are making progress on our commitment to invest $250 million in IBM's skills-first transformation with a focus on multiple pathways to employment. We have hired over 900 apprentices through our apprenticeship program in the U.S. and more than 90% of past program graduates have become full-time IBM employees.
• Advancing on our goal to skill 30 million people by 2030, over 7 million learners have enrolled in free IBM courses through our combined education initiatives. For example, we are collaborating with over 20 historically black colleges and universities (HBCUs) on IBM Cybersecurity Leadership Centers.
• IBM's diversity practices have resulted in a year-over-year increase in representation for women globally and Black, Hispanic, Native American and Pan-Asian employees in the U.S.
• IBM made progress towards our goal of net-zero operational greenhouse gas emissions by 2030. In 2021, we reported a 61.6% reduction in emissions since 2010. Over the last two years, IBM completed a total of 1,455 energy conservation projects. As a result of the conservation projects implemented in 2022, we avoided 71,000 MWh of energy consumption and 25,600 metric tons of CO₂ emissions.
• IBM diverted 93.8% (by weight) of IBM's total nonhazardous waste from landfill or incineration.

"While we are proud of the progress we have made, we are mindful that advancing our environmental, social, and governance goals is a continuous journey of improvement," said Arvind Krishna, IBM Chairman and Chief Executive Officer. "I am always inspired by IBMers' constant dedication to this essential work and their pursuit of a better future for all."

As a 111 year-old-company, IBM has a long history of commitments that align business goals with broader societal and environmental impact. For example, IBM's first environmental report was released in 1990, and the company has championed diverse hiring practices for more than 50 years.

The IBM Impact Report 2022 report can be accessed at this link.

Media contact:
Carmen San Segundo
Global Marketing and Communications Director for ESG and CSR at IBM

About IBM
IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. More than 4,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to effect their digital transformations quickly, efficiently and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM's legendary commitment to trust, transparency, responsibility, inclusivity and service.

Visit www.ibm.com for more information.

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SOURCE: IBM

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FAQ

What are the key highlights from IBM's 2022 Impact Report?

IBM's 2022 Impact Report highlights include training over 1,000 partners in technology ethics, investing $250 million in skills training, and achieving a 61.6% reduction in greenhouse gas emissions since 2010.

How many people has IBM trained in technology ethics as of 2022?

As of 2022, IBM has trained over 1,000 partners in technology ethics.

What is IBM's commitment regarding skills training by 2030?

IBM has committed to upskilling 30 million people by 2030 through various educational initiatives.

What reduction in greenhouse gas emissions has IBM achieved since 2010?

IBM has reported a 61.6% reduction in operational greenhouse gas emissions since 2010.

What percentage of IBM's nonhazardous waste was diverted from landfills?

IBM successfully diverted 93.8% of its total nonhazardous waste from landfills.