STOCK TITAN

Doing Our Part To Protect the Planet

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Gen announces its commitment to environmental sustainability as part of its corporate responsibility program. Despite being a software company with a minor environmental footprint, Gen has significantly reduced its GHG emissions by 60% over the past three years, aided by operational efficiencies and a shift to a flexible work environment. The company emphasizes action over mere commitments, focusing on energy efficiency, renewable energy use, and reducing high-emission refrigerants. Initiatives include the launch of the Sustainable Home Improvement Program for employees, promoting a climate-conscious culture. Gen also collaborates with eco-friendly organizations to extend its positive impact.

Positive
  • Reduced GHG emissions by 60% over the last three years.
  • Implemented the Sustainable Home Improvement Program for employees, encouraging sustainable practices.
  • Commits to operational efficiencies and renewable energy use to further reduce emissions.
Negative
  • None.

NORTHAMPTON, MA / ACCESSWIRE / January 19, 2023 / Gen Blog

By Vincent Pilette, CEO

Gen, Thursday, January 19, 2023, Press release picture

Our corporate responsibility program supports our business mission to empower people to live their digital lives freely and safely. As we work towards a safe and sustainable future for our employees, consumers, and communities, it is important that we do our part to protect our planet.

As a software company, Gen's business model does not have a large impact on the environment. Despite this, we will not bury our heads about what is happening across the globe with climate change. I believe that it is important that we remain committed to key elements driving the changes in our climate: GHG emissions reductions and operating a low-carbon business.

Between 2018 and 2019, before the pandemic hit we reduced our global GHG emissions by 18%. Over the last three years, we reduced our GHGs by 60%. While part of this was due to the pandemic, we also took significant steps to reduce our carbon footprint. We did this not by buying credits but by looking inside our house: achieving operational efficiencies, shifting to a flexible work environment, and collaborating with our employees, suppliers, and nonprofit partners.

To reduce future emissions, we will look at everything, but only make commitments that are underscored with action and impact. We will evaluate our offices, supply chain, and products to find more energy efficient solutions, use more renewable energy, and eliminate the use of high-emission refrigerants.

Addressing climate change requires help from everyone. It's important that we cultivate a climate-conscious culture throughout the organization. Our newest employee resource group, Terra, does just that, inspiring, educating, and encouraging employees to act to protect the planet.

In 2022, we also launched a new employee benefit - the Sustainable Home Improvement Program - through which we provide financial incentives to employees who green their homes. We will continue to provide opportunities for awareness and education to help our employees choose sustainability every day.

Finally, we are looking at areas we can positively influence outside of our own operations. A large portion of our vendors have climate targets, and we continue to amplify our impact through partnerships with organizations like GRID Alternatives, Barefoot College International, and Planet Water Foundation.

To learn more about our ongoing environmental sustainability efforts, read our ESG Report.

View additional multimedia and more ESG storytelling from Gen on 3blmedia.com.

Contact Info:
Spokesperson: Gen
Website: https://www.3blmedia.com/profiles/gen
Email: info@3blmedia.com

SOURCE: Gen



View source version on accesswire.com:
https://www.accesswire.com/735929/Doing-Our-Part-To-Protect-the-Planet

FAQ

What is Gen's GHG emissions reduction progress?

Gen has reduced its GHG emissions by 60% over the last three years.

What initiatives has Gen taken for sustainability in 2022?

In 2022, Gen launched the Sustainable Home Improvement Program to incentivize employees to green their homes.

How does Gen plan to manage its environmental impact?

Gen plans to enhance energy efficiency, utilize renewable energy, and eliminate high-emission refrigerants.

What is Terra at Gen?

Terra is an employee resource group at Gen that promotes climate-conscious culture and sustainability education.

How does Gen collaborate with other organizations for sustainability?

Gen partners with organizations like GRID Alternatives and Barefoot College International to amplify its sustainability impact.

NLOK

:NLOK

NLOK Rankings

NLOK Latest News

NLOK Stock Data

14.42B
523.27M
8.36%
84.96%
2.31%
Software—Infrastructure
Technology
Link
United States
Tempe