Elastic Releases Third Annual Sustainability Report
21 June 2024 - 2:12AM
Business Wire
The latest report highlights a year of progress
at Elastic, including an increased focus on working with customers
and suppliers on shared sustainability goals
Elastic (NYSE: ESTC), the Search AI Company, today released its
third annual sustainability report, highlighting its progress in
2023 and commitment to embedding environmental, social, and
governance (ESG) principles across its business to create long-term
sustainable value. Initiatives include reducing its environmental
impact through workplace efficiency measures and implementing a
supplier engagement strategy to collaborate with vendors on carbon
reduction opportunities.
“We strive to use our expertise in search, AI and data analytics
to help us and our customers drive impactful change in the world,”
said Ash Kulkarni, CEO, Elastic. “When customers choose to
work with Elastic, they can be confident that they’re partnering
with a company that offers innovative technology solutions and does
so with meticulous care and purpose. As such, we’ve increased focus
on engaging more meaningfully with customers and suppliers on
shared sustainability goals and aspirations.”
Report highlights include:
- Environmental: As part of ongoing data improvement, we
onboarded a new corporate sustainability data management tool to
improve data accuracy and analysis. The platform will help advance
our carbon management plan and ensure we are ready for future
reporting requirements. We are distributed by design, and our
purposeful office site selections prioritize space and energy
efficiency, as demonstrated by our recent office openings and
relocations into buildings with globally recognized sustainability
accreditations.
- Social: Elastic formally launched our “Beehive” model.
This comprehensive framework provides a consistent approach to
talent management, with mindsets and ideals that we encourage
Elasticians to take on to achieve success. In addition, we exceeded
$1 million in total charitable donations, a result of both
corporate contributions and global employee giving, while
collectively contributing over 6,500 employee volunteer hours.
- Governance: We relaunched Elastic's Trust site as the
new Elastic Trust Center. This centralized hub for information on
security, compliance, privacy, and resiliency ensures our key
stakeholders can find vital information easily. We also made
significant strides in formalizing and expanding the governance of
sustainability at Elastic through refined oversight structures and
practices.
To view and download the full 2023 Sustainability Report, click
here.
About Elastic
Elastic (NYSE: ESTC), the Search AI Company, enables everyone to
find the answers they need in real-time using all their data, at
scale. Elastic’s solutions for search, observability, and security
are built on the Elastic Search AI Platform, the development
platform used by thousands of companies, including more than 50% of
the Fortune 500. Learn more at elastic.co.
Elastic and associated marks are trademarks or registered
trademarks of Elastic N.V. and its subsidiaries. All other company
and product names may be trademarks of their respective owners.
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