Sumo Logic Releases Inaugural Environmental, Social and Governance Report

Rhea-AI Summary

Sumo Logic (Nasdaq: SUMO) has released its inaugural Environmental, Social and Governance (ESG) Report, highlighting commitments to ethics, security, and sustainability. Key focuses include alignment with the United Nations Sustainable Development Goals and the Sustainability Accounting Standards Board (SASB) standards. The report emphasizes board oversight of ESG initiatives, diversity and inclusion training for employees, and a comprehensive environmental assessment of corporate operations.

Positive

• Alignment with United Nations Sustainable Development Goals enhances company reputation.
• Establishment of diversity and inclusion training shows commitment to employee welfare.
• ESG report aligns with SASB standards, indicating transparency to investors.

Negative

• None.

Company Highlights Dedication to its Stakeholders Through Initiatives Focused on Ethics, Security, the Environment, and Diversity and Inclusion

REDWOOD CITY, Calif., Sept. 27, 2021 (GLOBE NEWSWIRE) -- Sumo Logic (Nasdaq: SUMO), a pioneer in continuous intelligence, today released its inaugural Environmental, Social and Governance (ESG) Report that highlights the ways in which Sumo Logic is enabling progress and sustainable growth in communities across the world. The report details the progress Sumo Logic has made on its ESG priorities over the past year and is communicated to the company’s investor community in alignment with the Sustainability Accounting Standards Board’s (SASB) standards.

“Sumo Logic’s commitment to investing in our employees, communities, and environmental leadership, while continuing to deliver value to our customers and stockholders, are the core drivers for our ESG agenda,” said Ramin Sayar, president and CEO for Sumo Logic. “We believe ESG is not a standalone initiative, but fundamental to our operational success, growth strategy, and financial priorities. We’re excited to share our progress in this inaugural report and look forward to furthering these efforts to have greater impact in the future.”

Among the many focus areas this report covers, key highlights from the past year include:

• Alignment with the United Nations Sustainable Development Goals including Zero Hunger, Gender Equality, Decent Work, and Economic Growth, Industry, Innovation and Infrastructure, and Climate Action.
• Alignment with the Sustainability Accounting Standards Board (SASB) disclosure recommendations for Software and IT Services.
• Board oversight of ESG as specified in the Nominating and Corporate Governance Committee’s charter.
• Diversity and Inclusion training for all Sumo Logic employees and three new employee resource groups.
• Comprehensive environmental assessment of Sumo Logic’s corporate headquarters energy, water, and waste footprint.
  

To learn more about Sumo Logic’s ESG efforts and to view the report in full, visit the company’s investor relations page: https://investor.sumologic.com/

Additional Resources

• Sign up for a free trial of Sumo Logic
  

About Sumo Logic
Sumo Logic Inc. (Nasdaq: SUMO) is the pioneer in continuous intelligence, a new category of software, which enables organizations of all sizes to address the data challenges and opportunities presented by digital transformation, modern applications, and cloud computing. The Sumo Logic Continuous Intelligence Platform™ automates the collection, ingestion, and analysis of application, infrastructure, security, and IoT data to derive actionable insights within seconds. More than 2,100 customers around the world rely on Sumo Logic to build, run, and secure their modern applications and cloud infrastructures. Only Sumo Logic delivers its platform as a true, multi-tenant SaaS architecture, across multiple use-cases, enabling businesses to thrive in the Intelligence Economy. For more information, visit www.sumologic.com.

Sumo Logic is a trademark or registered trademark of Sumo Logic in the United States and in foreign countries. All other company and product names may be trademarks or registered trademarks of their respective owners.

Any information regarding offerings, updates, functionality, or other modifications, including release dates, is subject to change without notice. The development, release, and timing of any offering, update, functionality, or modification described herein remains at the sole discretion of Sumo Logic, and should not be relied upon in making a purchase decision, nor as a representation, warranty, or commitment to deliver specific offerings, updates, functionalities, or modifications in the future.

Media Contact
Melissa Liton
Sumo Logic
mliton@sumologic.com
(650) 814-3882

FAQ

What is the significance of Sumo Logic's ESG Report released in 2021?

The ESG Report highlights Sumo Logic's commitment to sustainable practices and aligns with global standards, enhancing its reputation with investors.

How does Sumo Logic align with the United Nations Sustainable Development Goals?

Sumo Logic's ESG report outlines its commitments to various UN Sustainable Development Goals, including Zero Hunger and Gender Equality.

What initiatives are included in Sumo Logic's ESG efforts?

Key initiatives include board oversight of ESG, diversity and inclusion training, and comprehensive environmental assessments.

How does the ESG Report impact Sumo Logic's investors?

The report enhances transparency and demonstrates Sumo Logic's dedication to sustainable growth, potentially attracting socially responsible investors.

What are the main highlights from Sumo Logic's ESG Report?

Main highlights include alignment with SASB standards, establishment of employee resource groups, and a focus on environmental sustainability.