Calix Upgraded to Rating of AA From MSCI Due to Industry-Leading Sustainability Programs and Results
18 April 2024 - 3:00PM
Business Wire
Calix earns an AA rating from the
environmental, social, and governance ratings agency MSCI—a
distinction shared by only 18 percent of companies
evaluated—recognizing the company’s exemplary sustainability
practices, including leadership in attracting and retaining top
talent
Calix, Inc. (NYSE: CALX) announces it has achieved an AA rating
from the environmental, social, and governance ratings agency MSCI.
This represents a notable achievement just one year after Calix
formally established its office of sustainability, tapping Martha Galley to lead as chief
sustainability officer. As of 2024, Calix has earned a cumulative
“Industry-Adjusted” score of 7.3 to achieve an AA rating from
MSCI—up from a score of 6.8 and an A rating in 2023. This
recognizes Calix as an industry leader in sustainability, a
distinction shared by only 18 percent of the approximately 8,500
companies evaluated by MSCI.
MSCI conducts comprehensive research, ratings, and analysis of
the environmental, social, and governance practices of thousands of
global companies, offering institutional investors essential
insights into risks and opportunities beyond traditional investment
analysis.
The company maintained or grew its score in every category, with
its strongest performance in social responsibility. Calix earned a
social score of 5.2 compared to an industry average score of 4.4.
This increase was driven by the company's leadership in human
capital development, including its highly effective strategy for
attracting and retaining top talent. Over the past two years, the
Calix workforce has grown over 60 percent, operating under a fully
remote work policy since 2016.
Calix continually innovates for the Calix Broadband Platform,
which enables broadband service providers (BSPs) to build
energy-efficient networks and easily deliver an array of broadband
services that positively impact their communities. Calix-partnered
BSPs can deploy broadband networks with up to 50 percent less power
consumption and data center space than traditional networks.
Additionally, the Calix Platform and extensive portfolio of Wi-Fi
systems help subscribers cut broadband power consumption in half by
reducing power usage and extending home Wi-Fi coverage.
"Earning an AA rating from MSCI underscores the purpose-driven
innovation that informs everything we do at Calix," said Galley.
"As we continue our mission to help our customers simplify
operations, innovate for subscribers, and grow their businesses and
the communities they serve, we remain committed to transparency and
environmental stewardship. We also invest in growing a highly
skilled workforce to collaborate with customers and partners so we
can continue to make positive societal contributions.”
Learn more about the Calix commitment to a sustainable business
future.
About Calix
Calix, Inc. (NYSE: CALX)—Calix is a cloud and appliance-based
platform and managed services company. Broadband service providers
leverage the Calix broadband platform, cloud, and managed services
to simplify operations, engagement, and service, innovate for their
consumer, business, and municipal subscribers, and grow their
business and the communities they serve.
Our end-to-end platform and managed services democratize the use
of data enabling our customers of any size to operate efficiently,
acquire subscribers, and deliver exceptional experiences. Calix is
dedicated to driving continuous improvement in partnership with our
growing ecosystem to support the transformation of our customers
and their communities.
This press release contains forward-looking statements that are
based upon management’s current expectations and are inherently
uncertain. Forward-looking statements are based upon information
available to us as of the date of this release, and we assume no
obligation to revise or update any such forward-looking statement
to reflect any event or circumstance after the date of this
release, except as required by law. Actual results and the timing
of events could differ materially from current expectations based
on risks and uncertainties affecting Calix’s business. The reader
is cautioned not to rely on the forward-looking statements
contained in this press release. Additional information on
potential factors that could affect Calix’s results and other risks
and uncertainties are detailed in its quarterly reports on Form
10-Q and Annual Report on Form 10-K filed with the SEC and
available at www.sec.gov.
Calix and the Calix logo are trademarks or registered trademarks
of Calix and/or its affiliates in the U.S. and other countries. A
listing of Calix’s trademarks can be found at
https://www.calix.com/legal/trademarks.html. Third-party trademarks
mentioned are the property of their respective owners.
Category: Financial
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240418039919/en/
Press Inquiries: Alison Crisci 919-353-4323
alison.crisci@calix.com Investor Inquiries: Jim Fanucchi
investorrelations@calix.com
Calix (NYSE:CALX)
Historical Stock Chart
Von Apr 2024 bis Mai 2024
Calix (NYSE:CALX)
Historical Stock Chart
Von Mai 2023 bis Mai 2024