Keysight Releases the Company’s First Taskforce on Climate-related Financial Disclosures Report

Rhea-AI Summary

Keysight Technologies, Inc. (NYSE: KEYS) released its first standalone Taskforce on Climate-related Financial Disclosures (TCFD) Report, recognizing climate-related risks and opportunities. The report follows the TCFD framework, covering governance, strategy, risk management, and metrics and targets. It includes the company's first quantitative climate-scenario analysis, identifying potential physical risks, transition risks, and opportunities related to climate change. Keysight aims for net zero emissions in company operations by the end of fiscal year 2040.

Positive

• Keysight Technologies, Inc. is taking proactive steps to address climate-related risks and opportunities, aligning with the TCFD framework. The completion of the first quantitative climate-scenario analysis demonstrates the company's commitment to understanding and addressing potential climate-related impacts on its operations.

Negative

• None.

• First standalone Taskforce on Climate-related Financial Disclosures Report
• Report identifies climate-related risks and opportunities with the potential to impact the company
• Keysight’s report covers the four core recommendations for climate-related disclosures including governance, strategy, risk management, and metrics and targets

SANTA ROSA, Calif.--(BUSINESS WIRE)-- Keysight Technologies, Inc. (NYSE: KEYS) released the company’s first standalone Taskforce on Climate-related Financial Disclosures (TCFD) Report. The report recognizes the impacts of climate change and highlights the company’s commitment to mitigate and adapt to the identified risks and opportunities by ensuring they are addressed within its business strategy.

Keysight’s 2023 TCFD Report follows the recommended TCFD framework, including governance, strategy, risk management, and metrics and targets. In 2023, the company completed its first quantitative climate-scenario analysis, covering a range of warming trajectories from 1.5°C to 3.3°C. The analysis helped the company identify potential physical risks, transition risks, and opportunities related to climate change. Keysight’s TCFD Report provides a response to the identified risks and opportunities and outlines the company’s climate-related targets, including net zero emissions in company operations by the end of fiscal year 2040 and near-term science-based targets.

Utilizing the framework of the TCFD, Keysight can communicate the impacts associated with climate-related risks and opportunities to our stakeholders including investors, customers, employees, and others who value company assets. The TCFD was created by the Financial Stability Board (FSB) to develop recommendations and a disclosure framework to increase market transparency for investors, lenders, and insurance underwriters.

Jason Kary, Vice President, Treasurer and Investor Relations, Keysight said: “It is important for companies to understand and disclose the potential risks and opportunities associated with climate change. We aligned with the TCFD recommendations and framework to transparently report on potential climate-related impacts and our risk management strategies.”

Resources

• Keysight’s Task Force on Climate-related Financial Disclosures (TCFD) Report
• Keysight CSR Website
• Keysight’s Response to Climate Change

About Keysight Technologies

At Keysight (NYSE: KEYS), we inspire and empower innovators to bring world-changing technologies to life. As an S&P 500 company, we’re delivering market-leading design, emulation, and test solutions to help engineers develop and deploy faster, with less risk, throughout the entire product lifecycle. We’re a global innovation partner enabling customers in communications, industrial automation, aerospace and defense, automotive, semiconductor, and general electronics markets to accelerate innovation to connect and secure the world. Learn more at Keysight Newsroom and www.keysight.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231117221679/en/

Keysight Media Contacts

Paul Erwin

Americas

+1 248 430 9075

paul.erwin@keysight.com

Fusako Dohi

Asia

+81 42 660-2162

fusako_dohi@keysight.com

Jenny Gallacher

Europe

+44 (0) 7800 737 982

jenny.gallacher@keysight.com

Source: Keysight Technologies, Inc.

FAQ

What is the purpose of Keysight's TCFD Report?

Keysight's TCFD Report aims to identify and address climate-related risks and opportunities that may impact the company.

What are the key components covered in Keysight's TCFD Report?

The report covers governance, strategy, risk management, and metrics and targets, following the TCFD framework.

What are Keysight's climate-related targets outlined in the TCFD Report?

Keysight aims for net zero emissions in company operations by the end of fiscal year 2040.

What is the significance of the quantitative climate-scenario analysis in the TCFD Report?

The analysis helps identify potential physical risks, transition risks, and opportunities related to climate change, demonstrating the company's proactive approach to understanding and addressing climate-related impacts.