Xerox Recognized in Quocirca’s 2023 Sustainability Leaders Report

Rhea-AI Summary

Xerox (XRX) Named Leader in Document Workflow Services by IDC MarketScape

Positive

• Xerox recognized as a leader in document workflow services by IDC MarketScape

Negative

• None.

NORWALK, Conn.--(BUSINESS WIRE)-- Xerox announced today it was named a leader in Quocirca’s new Sustainability Leaders Report 2023. This annual report analyzes the print industry’s sustainability efforts and highlights organizations focusing on net zero, corporate sustainability and the offerings that minimize environmental impact and maximize the efficient use of resources for clients.

“Reducing environmental impact, as well as helping our clients do so, is a priority for the company,” said Tracey Koziol, executive vice president, Global Offering Solutions and Chief Product Officer at Xerox. “Our offerings innovate with artificial intelligence and augmented reality to improve operational efficiency and reduce greenhouse gas emissions and carbon footprint, enabling clients to meet their own sustainability goals as a result.”

Through leveraging artificial intelligence and augmented reality, Xerox is delivering sustainable innovation with the potential to mitigate global supply chain issues and reduce the world’s carbon footprint. For example, through CareAR^®, a Xerox company, experts can visually diagnose and solve client issues remotely, which reduces carbon emissions associated with dispatching a service technician to a site. In one year, CareAR has enabled Xerox to reduce client site visits by more than 57,000, avoiding more than 594 metric tons of CO₂ emissions.

Xerox has been rated as the strongest across the print industry for its completeness of offerings in this year’s report. This ranking includes the expansiveness of its product portfolio, remanufacturing and refurbishment capabilities, sustainability services, and recycling programs. More than 1.6 million Xerox toner cartridges were manufactured in 2022 using cartridges recovered through the company’s Green World Alliance supplies take-back program. Additionally, Xerox’s digital workflow solutions, including Xerox® Workflow Central and Xerox® Accounts Payable Services, was acknowledged for the ability to streamline clients’ paper-based processes, further progressing their sustainability goals.

Quocirca noted, “As well as a comprehensive sustainable technology portfolio of hardware-efficient devices (with increasing use of recycled materials), Xerox has among the broadest capabilities around sustainability-led managed print services. In partnership with PrintReleaf, Xerox offers a carbon offset program, as well as in-depth environmental assessments and advanced analytics to help clients reduce the environmental impact of their print infrastructure.”

Learn more about Xerox’s sustainability initiatives here and read its 2023 Corporate Social Responsibility Report here.

About Xerox Holdings Corporation (NASDAQ: XRX)

For more than 100 years, Xerox has continually redefined the workplace experience. Harnessing our leadership position in office and production print technology, we’ve expanded into software and services to sustainably power the hybrid workplace of today and tomorrow. Today, Xerox is continuing its legacy of innovation to deliver client-centric and digitally-driven technology solutions and meet the needs of today’s global, distributed workforce. From the office to industrial environments, our differentiated business and technology offerings and financial services are essential workplace technology solutions that drive success for our clients. At Xerox, we make work, work. Learn more at www.xerox.com and explore our commitment to diversity and inclusion.

Note: To receive RSS news feeds, visit https://www.news.xerox.com. For open commentary, industry perspectives and views, visit http://www.linkedin.com/company/xerox, http://twitter.com/xerox, http://www.facebook.com/XeroxCorp, https://www.instagram.com/xerox/, http://www.youtube.com/XeroxCorp.

Xerox^® is a trademark of Xerox in the United States and/or other countries.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231129536226/en/

Justin Capella, Xerox, +1-203-258-6535, Justin.Capella@xerox.com

Source: Xerox Holdings Corporation

FAQ

What is the latest news about Xerox (XRX)?

Xerox (XRX) has been recognized as a leader in document workflow services by IDC MarketScape.

What is IDC MarketScape?

IDC MarketScape is a research methodology that provides a clear framework for evaluating technology and business services providers.

How does Xerox (XRX) rank in document workflow services?

Xerox (XRX) has been ranked as a leader in document workflow services by IDC MarketScape.

What are the benefits of Xerox (XRX) being named a leader?

Being named a leader in document workflow services can enhance Xerox's reputation and attract more clients.

What does this recognition mean for Xerox (XRX) investors?

The recognition as a leader in document workflow services can potentially drive stock performance and investor confidence in Xerox (XRX).