Keysight Releases 2021 Corporate Social Responsibility Report
Keysight Technologies (NYSE: KEYS) has released its 2021 Corporate Social Responsibility (CSR) Report, highlighting its advancements in environmental sustainability, social impact, and governance. The company aims for net zero emissions by 2040 and committed $315 million to community engagement. It exceeded its diversity hiring goal with 46.4% representation of underrepresented minorities among U.S. new hires. The report aligns with key ESG frameworks, including TCFD, and emphasizes the importance of innovation and transparency in addressing climate change and social issues.
- Committed to net zero emissions in operations by 2040.
- Engaged 145,000 students in STEM education.
- Allocated $315 million to strengthen communities.
- Exceeded diversity hiring goal with 46.4% representation of U.S. new hires.
- Fell short of its 2021 goal with 34.4% female representation of global new hires.
Report highlights company’s progress in environmental, social, and governance efforts worldwide
"CSR remains core to Keysight’s purpose of accelerating innovation to connect and secure the world,” said
In fiscal year 2021 the company announced new CSR key impact goals to track its efforts in helping drive positive environmental and social impact globally. Progress was made across these short-, mid-, and long-term measures in 2021:
- In the environmental sustainability space, Keysight committed to net zero emissions in company operations by the end of fiscal year 2040, in alignment with the Paris Agreement's preferred goal to limit global warming to 1.5°C. In support of this end goal, and interim renewable energy and energy reduction targets, the company also announced its commitment to the Science Based Targets initiative (SBTi). As such, Keysight will work with the SBTi to develop approved science-based targets (SBTs) that will enable the company to measure progress in greenhouse gas emissions reduction and ensure targets are consistent with the latest climate change scenarios.
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In the social impact space, Keysight engaged upwards of 145,000 students in science, technology, engineering and math (STEM) education to help support future technologist skills development. In addition, the company committed approximately
$315 million -
Specifically in the diversity, equity, and inclusion (DEI) space, Keysight announced its first publicly communicated diversity hire goals for fiscal year 2021 with targets of
45% ofU.S. new hires being from underrepresented minority (URM)1 groups and35% global new hires being women. The company announced that it exceeded its URM goal with a result of46.4% representation ofU.S. new hires. And, while progress was made on the global female new hire front, Keysight fell slightly short of its 2021 goal with34.4% female representation of global new hires.
In addition to progress being made toward the company’s key impact goals, Keysight’s corporate purpose of accelerating innovation to connect and secure the world further exemplifies how the company’s core competencies help build a better planet. Increasingly negative impacts on the global community from the effects of climate change, social unrest, and a prolonged pandemic, makes the company’s mission as relevant today as ever. As highlighted in the Keysight 2021 CSR Report, the company’s sustainably developed, leading-edge design, test, manufacture, and optimization solutions help customers deliver breakthrough purposeful innovations in areas such as clean technology, social impact and wellness, and safety and security. All of which are critical components of building a better planet.
As a measurement company, Keysight is also acutely aware of the need to maintain transparency of the company’s progress in the CSR space. As such, this 2021 CSR Report continues to provide data disclosures aligned with the
These CSR efforts and results continue to garner multiple recognitions for Keysight, such as those detailed on the company's
Looking forward, the company expects to continue making progress toward its mid- and long-term targets in support of its goal of net zero emissions in operations by the end of fiscal year 2040, and has announced another set of new measures to track progress in social impact and ethical governance throughout 2022 and into 2023.
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California Assembly Bill 979 defines underrepresented minority as Black,
African American , Hispanic, Latino, Asian, Pacific Islander, Native American, Native Hawaiian, orAlaska native, or as gay, lesbian, bisexual, or transgender.
Additional information
- Keysight 2021 CSR Report
- Keysight CSR Editorial Backgrounder
- Keysight Corporate Social Responsibility Web site
- Keysight CSR Resources Hub
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Keysight CSR News , Awards & Recognitions
About
Keysight delivers advanced design and validation solutions that help accelerate innovation to connect and secure the world. Keysight’s dedication to speed and precision extends to software-driven insights and analytics that bring tomorrow’s technology products to market faster across the development lifecycle, in design simulation, prototype validation, automated software testing, manufacturing analysis, and network performance optimization and visibility in enterprise, service provider and cloud environments. Our customers span the worldwide communications and industrial ecosystems, aerospace and defense, automotive, energy, semiconductor, and general electronics markets. Keysight generated revenues of
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