Xerox Reports Progress on Environmental and Societal Roadmap
21 October 2022 - 1:00AM
Business Wire
The company implemented climate change awareness training for
all Xerox employees worldwide as part of its commitment to Net Zero
2040
Xerox Holdings Corporation (NASDAQ: XRX) today published its
2022 Global Corporate Social Responsibility (CSR) Report outlining
progress, data and goals tied to the company’s ongoing societal,
governance and environmental impact work.
“Xerox has long been devoted to its role as a responsible
corporate citizen, doing its part to create a more sustainable
future. This dedication goes beyond the company borders as our
teams work to do what’s best for all people, the environment, and
our society. Our colleagues lead by example, operating with
integrity and fostering a culture that upholds the highest ethical
standards, and their accomplishments this year lay the foundation
for us to reach our net zero goal by 2040,” said Steven
Bandrowczak, chief executive officer at Xerox.
As part of the company’s goal to reach net zero emissions by
2040, Xerox implemented climate change awareness training for all
employees worldwide to educate them on the company’s net zero goal
and how they can personally contribute. The company also reduced
energy consumption in its operations, which accounts for a majority
of its GHG emissions, by 12.8% in 2021 compared to 2020.
Additional highlights from the report include:
- Launching Xerox Volunteer Days in which more than 500 employees
volunteered more than 7,000 hours in their local communities.
- Executing on the company’s robust Diversity, Inclusion, and
Belonging roadmap, leading to an increase in the diversity and
inclusivity of Xerox’s workforce.
- Integrating Environment, Social, and Governance metrics in the
compensation criteria for senior management.
- Collaborating with the EPA on the development and roll out of
ENERGY STAR criteria for remanufactured products and launching
three new remanufactured models that certified to the new
standards.
The initiatives included in the 2022 Global CSR Report align
with Xerox’s legacy of innovation by leveraging emerging technology
to solve real-world challenges. Xerox leveraged CareAR to
differentiate its service experience, avoiding more than 269,000
metric tons of Co2 by reducing client site visits by more than
21,000 in just one year thanks to CareAR’s remote support
capabilities. Xerox also received a grant from the Department of
Energy’s building technology office to advance the company’s
efforts in the Cleantech space to reduce humankind’s negative
environmental impact.
Xerox prepared the 2022 CSR report according to Global Reporting
Initiative (GRI) standards and the United Nations Sustainable
Development Goals (SDGs). In addition, Xerox continues to disclose
its CSR metrics using the Sustainability Accounting Standards Board
(SASB) and the Task Force on Climate-related Financial Disclosures
(TCFD) standards to ensure our stakeholders have full transparency
into our CSR progress. For more information about Xerox’s CSR
activities and our SASB & TFCD reports visit
www.xerox.com/csr.
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 today's workforce. From the office to
industrial environments, our differentiated business solutions and
financial services are designed to make every day work better for
clients — no matter where that work is being done. Today, Xerox
scientists and engineers are continuing our legacy of innovation
with disruptive technologies in digital transformation, augmented
reality, robotic process automation, additive manufacturing,
Industrial Internet of Things and cleantech. Learn more at
xerox.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20221020005756/en/
Media: Justin Capella, Xerox, +1-203-258-6535,
Justin.Capella@xerox.com
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