Google purchases 200,000 tons of carbon removal credits from startup Terradot
Google announced a long-term purchase agreement and equity investment in carbon removal startup Terradot to help catalyze ...
Xerox managed to cut over 594 metric tons of CO2 by reducing 57,000 client site visits in one year in addition about 97% of employees completed Xerox’s Net Zero training in 2022, according to Xerox’s 2023 Global Corporate Social Responsibility (CSR) Report.
Xerox detailed in its 2023 report its continued CSR accomplishments and underscoring its continued pioneering leadership in delivering measurable environmental, social, and governance (ESG) impact work.
To ensure Xerox and its more than 20,000 global employees understand their role in mitigating climate change, in 2022, 97% of employees completed Xerox’s Net Zero training. This ongoing initiative was designed to educate employees on the basics of climate change, the company’s plan to reduce emissions, and to communicate opportunities to participate in emissions reduction activities.
In one year, CareAR, a Xerox company, has enabled Xerox to reduce client site visits by more than 57,000, with more than 594 metric tons of CO2 avoided as a result.
This year, Xerox conducted a third-party double materiality assessment with Business for Social Responsibility, which interviewed key internal and external stakeholders to ensure that the company’s CSR strategies are centered around the most critical areas of focus and have the maximum positive impact on people and the planet. Through this assessment, high-priority material topics such as climate change, emerging technologies and ethics, and data privacy and responsible data use were identified, among others.
A new partnership with A Better Chance to create an endowment called the John Visentin Scholarship Fund, which has raised more than $450,000 to provide scholarships to A Better Chance scholars interested in pursuing a science, technology, engineering, and math (STEM) education, the report said.
Xerox remains focused on improving operational efficiency with key stakeholders across the value chain to continue tracking towards its net zero by 2040 goal. To ensure Xerox meets its commitments, the company is focused on implementing new third-party verifiable ESG reporting solutions enabling, better transparency and collecting comprehensive GHG data from across the enterprise.
“For more than 60 years, Xerox has made sustainability work—demonstrating that environmental stewardship and corporate social responsibility programs also lead to increased profits, improved employee engagement and great client satisfaction. As the world continues to fight climate change and identify ways to improve our collective societal well-being, we have doubled our CSR efforts and reignited our ESG initiatives,” said Steven Bandrowczak, Chief Executive Officer at Xerox. “While we recognize that our CSR work is never done, I am proud of our colleagues’ commitment to building a more sustainable, equitable and inclusive future for all.”
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