OpenText Zeroes-In as Recognized Leader in Sustainability

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OpenText (OTEX) has received prestigious Environmental, Social, and Governance (ESG) recognitions and achievements, including being a constituent of the Dow Jones Sustainability North America Index (DJSI) for the second year and receiving a second consecutive 'AAA' rating from MSCI. The company's long-term commitment to sustainability is reflected in its efforts to achieve net zero by 2040, 50/50 gender parity in key roles, and alignment with six of the United Nation's Sustainable Development Goals (UN SDGs). OpenText has also been recognized on various lists and received several awards, demonstrating its path to inclusive and sustainable growth.

Several achievements earned as a result of environmental, social, and governance commitments and progress

WATERLOO, ON, Feb. 7, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announced its receipt of several prestigious Environmental, Social, and Governance (ESG) recognitions and achievements, including qualifying as a constituent of the Dow Jones Sustainability North America Index (DJSI) for the second year in a row as well as receiving its second consecutive "AAA" rating from MSCI. Both achievements demonstrate the company's long-term commitment to sustainability.  

"Climate change is the greatest global challenge of our time," said Mark J. Barrenechea, CEO & CTO of OpenText. "Our future depends on our individual and collective actions to drive real change. We must stand united to combat climate change and take concrete actions to reduce emissions, transition to a low carbon economy and protect the environment we share. At OpenText, we believe technology innovation plays a critical role, and we are committed to growth that is both inclusive and sustainable."

The DJSI North America Index is comprised of sustainability leaders as identified by S&P Global. The index evaluates corporate ESG progress across industries on several Corporate Social Responsibility (CSR) forefronts – ethical business conduct, shareholder transparency, corporate governance, gender equality, workplace safety, social reporting, and climate action strategy. OpenText secured its spot as one of nine software companies across North America to be included in the DJSI.

OpenText also received its second consecutive "AAA" rating from MSCI, positioning the company as a leader among more than 500 companies evaluated in the software & services industry. MSCI ESG Ratings measure a company's management of financially relevant ESG risks and opportunities using rules-based methodology. The AAA rating, which for OpenText includes top recognition in the categories of Corporate Behavior, Human Capital Development, Privacy & Data Security, Opportunities in Clean Tech, and Carbon Emissions, reflects the company's dedication to continuous improvement and commitment to sustainability as well as excellence in ESG practices.

In 2022, OpenText unveiled the OpenText Zero-In Initiative, the company's guiding framework for achieving its global impact goals relating to ESG commitments and programs. Defined by three main pillars – Zero Footprint, Zero Barriers and Zero Compromise – the Zero-In Initiative is characterized by commitments relating to achieving net zero by 2040, achieving 50/50 gender parity in key roles, maintaining the highest degree of transparency, and more. Last year, OpenText shared its plans to zero-in even further, aligning its Corporate Citizenship and DE&I efforts with six of the United Nation's Sustainable Development Goals (UN SDGs): Zero Hunger, Good Health and Well-Being, Quality Education, Gender Equality, Reduced Inequalities, and Climate Action.

Recognizing the company's path to inclusive and sustainable growth

Over the last several months, OpenText has continued to be recognized as an ESG industry leader, celebrating milestones and the receipt of several prominent awards and acknowledgements including:

• Placement on Time World's Best Companies 2023 list.
• Being named to Forbes' 2023 lists recognizing World's Top Companies for Women, World's Best Employers, Canada's Best Employers for Diversity, and most recently, Canada's Best Employers for 2024.
• Recognition as one of Canada's Top 100 Employers, Canada's Top Employers for Young People, and Canada's Best Employers for Recent Grads.
• A Silver Stevie Award for Achievement in Diversity & Inclusion 2023.
• A Silver Medal from EcoVadis, the world's most trusted provider of business sustainability ratings. Placing in the 88^th percentile, this is the fifth consecutive medal that OpenText has been awarded from EcoVadis, with the highest score achieved to-date.
• Raising over $2.5 million and providing more than 10 million meals to those in need over the last four years as part of the OpenText Holiday Food Bank campaign, helping to combat food insecurity around the world.
• Expanding the number of OpenText Employee Network groups which now include Worldwide OpenText Women, Black Empowerment & Excellence, Indigenous & Allies, Queer Pride & Allies, TruABILITY, Salute, InspirASIAN, Planet, and Familia, and focus on supporting women, members of the LGBTQ+ community, Veterans, people with disabilities, the environment, and more.

"At OpenText, we know that our path to inclusive and sustainable growth requires continued and ongoing commitment," said Julie Millard, VP of Corporate Citizenship at OpenText. "We are extremely proud of our efforts to-date, and we are excited to continue to embrace every opportunity to reduce our footprint, remove barriers and create a lasting impact for years to come."

Learn more about the progress OpenText is making towards its Zero-In Initiative goals, as well its ongoing commitments to OpenText customers, employees, and communities, by reading the company's most recent Corporate Citizenship Report: https://www.opentext.com/about/corporate-citizenship. 

About OpenText  
OpenText, The Information Company™, enables organizations to gain insight through market leading information management solutions, powered by OpenText Cloud Editions. For more information about OpenText (NASDAQ: OTEX, TSX: OTEX) visit opentext.com.  

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SOURCE Open Text Corporation

FAQ

What is the significance of OpenText being a constituent of the Dow Jones Sustainability North America Index?

OpenText being a constituent of the Dow Jones Sustainability North America Index reflects its leadership in sustainability as identified by S&P Global, evaluating ESG progress across industries.

What does the 'AAA' rating from MSCI signify for OpenText?

The 'AAA' rating from MSCI reflects OpenText's leadership among more than 500 companies evaluated in the software & services industry in managing financially relevant ESG risks and opportunities using rules-based methodology.

What is the OpenText Zero-In Initiative?

The OpenText Zero-In Initiative is the company's guiding framework for achieving its global impact goals relating to ESG commitments and programs, characterized by commitments relating to achieving net zero by 2040, 50/50 gender parity in key roles, and alignment with six of the United Nation's Sustainable Development Goals (UN SDGs).

What are some of the notable awards and recognitions received by OpenText?

OpenText has received awards such as being named to Forbes' 2023 lists recognizing World's Top Companies for Women, World's Best Employers, Canada's Best Employers for Diversity, and Canada's Best Employers for 2024, as well as placement on Time World's Best Companies 2023 list.

What are some of the efforts made by OpenText towards inclusive and sustainable growth?

OpenText has expanded the number of OpenText Employee Network groups, raised over $2.5 million and provided more than 10 million meals to those in need, and received a Silver Stevie Award for Achievement in Diversity & Inclusion 2023 and a Silver Medal from EcoVadis.