Keysight Technologies 2024 CSR Report: Sustainability, Ethics & Social Impact
Keysight Technologies, Inc. has published its 2024 Corporate Social Responsibility (CSR) Progress Report, outlining the company’s recent accomplishments in ethical business practices, environmental sustainability, and social contributions. This report, accompanied by the 2024 CSR Data Report, details Keysight’s CSR performance for the fiscal year 2024 and covers global operations unless specified otherwise. The data provided follows the Global Reporting Initiative (GRI) revised universal topic standards and aligns with the Sustainability Accounting Standards Board (SASB) frameworks, including additional human capital metrics beyond these frameworks.
The 2024 CSR Progress Report highlights Keysight’s success in achieving its goals related to ethical governance, advancing sustainability targets, and surpassing several short-term impact objectives. These milestones were reached while continuing to support purposeful technology development and maintaining transparency aligned with major international environmental, social, and governance (ESG) reporting standards.
Ethical Business and Governance Achievements in FY2024
Keysight fulfilled its ethical governance objectives by avoiding any significant negative financial impacts related to CSR during fiscal year 2024. This outcome reflects the company’s strong commitment to ethical operations, supported by its Standards of Business Conduct (SBC), corporate policies, board and risk oversight, and environmental, health, and safety programs.
Advancements Toward Environmental Sustainability
Progress was made toward the company’s environmental goal of achieving net zero emissions in business operations by 2040. Notably, Keysight entered into a virtual power purchase agreement (VPPA) with Southern Power to secure renewable energy credits from a 39 MW expansion at the Millers Branch Solar Facility. Starting in early fiscal year 2027, this agreement is expected to generate sufficient renewable electricity to meet 100% of Keysight’s electricity needs in the U.S. and Canada.
Exceeding Social Impact and Community Goals
Keysight notably exceeded its social impact targets through its focus on community involvement and education initiatives. Key achievements include:
The 2024 CSR Progress Report highlights Keysight’s success in achieving its goals related to ethical governance, advancing sustainability targets, and surpassing several short-term impact objectives. These milestones were reached while continuing to support purposeful technology development and maintaining transparency aligned with major international environmental, social, and governance (ESG) reporting standards.
Ethical Business and Governance Achievements in FY2024
Keysight fulfilled its ethical governance objectives by avoiding any significant negative financial impacts related to CSR during fiscal year 2024. This outcome reflects the company’s strong commitment to ethical operations, supported by its Standards of Business Conduct (SBC), corporate policies, board and risk oversight, and environmental, health, and safety programs.
Advancements Toward Environmental Sustainability
Progress was made toward the company’s environmental goal of achieving net zero emissions in business operations by 2040. Notably, Keysight entered into a virtual power purchase agreement (VPPA) with Southern Power to secure renewable energy credits from a 39 MW expansion at the Millers Branch Solar Facility. Starting in early fiscal year 2027, this agreement is expected to generate sufficient renewable electricity to meet 100% of Keysight’s electricity needs in the U.S. and Canada.
Exceeding Social Impact and Community Goals
Keysight notably exceeded its social impact targets through its focus on community involvement and education initiatives. Key achievements include:
- Committing over $295 million in resources to support community engagement, citizenship, STEM education, and university partnerships.
- Employees contributing 1,225 volunteer hours to CSR and community activities.
- Reaching more than 4.4 million students and future technology professionals worldwide through STEM education programs and partnerships.
Sustaining a Positive Workplace Environment
During fiscal year 2024, Keysight nurtured an inclusive and engaging workplace culture, offering opportunities for employees to grow and contribute. This included employee network groups, educational support and training, flexible working arrangements, informal discussion sessions, surveys, and feedback mechanisms. The company continuously evaluates its initiatives to enhance employee engagement globally.
Delivering Sustainable Solutions for Purposeful Technology
The CSR reports illustrate Keysight’s mission to drive innovation through sustainable solutions that support meaningful technological advancements. These solutions assist customers in pioneering innovations in clean technology, social impact, wellness, and security, while also addressing evolving energy efficiency standards and regulations.
Setting New Impact Objectives
Looking ahead, Keysight reaffirms its dedication to achieving net zero emissions by 2040 and has introduced new targets to monitor progress in societal impact and ethical governance for 2025 and 2026.
Satish Dhanasekaran, Keysight’s President and CEO, stated: “I am proud of our ongoing dedication to creating a better world. From developing technologies that connect and protect to upholding a CSR framework founded on integrity and responsibility, Keysight remains committed to making a meaningful difference and fostering innovations that contribute to a more sustainable future.”
During fiscal year 2024, Keysight nurtured an inclusive and engaging workplace culture, offering opportunities for employees to grow and contribute. This included employee network groups, educational support and training, flexible working arrangements, informal discussion sessions, surveys, and feedback mechanisms. The company continuously evaluates its initiatives to enhance employee engagement globally.
Delivering Sustainable Solutions for Purposeful Technology
The CSR reports illustrate Keysight’s mission to drive innovation through sustainable solutions that support meaningful technological advancements. These solutions assist customers in pioneering innovations in clean technology, social impact, wellness, and security, while also addressing evolving energy efficiency standards and regulations.
Setting New Impact Objectives
Looking ahead, Keysight reaffirms its dedication to achieving net zero emissions by 2040 and has introduced new targets to monitor progress in societal impact and ethical governance for 2025 and 2026.
Satish Dhanasekaran, Keysight’s President and CEO, stated: “I am proud of our ongoing dedication to creating a better world. From developing technologies that connect and protect to upholding a CSR framework founded on integrity and responsibility, Keysight remains committed to making a meaningful difference and fostering innovations that contribute to a more sustainable future.”
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