Several achievements earned as a result of environmental,
social, and governance commitments and progress
WATERLOO, ON, Feb. 7, 2024
/PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today
announced its receipt of several prestigious Environmental, Social,
and Governance (ESG) recognitions and achievements, including
qualifying as a constituent of the Dow Jones Sustainability North
America Index (DJSI) for the second year in a row as well as
receiving its second consecutive "AAA" rating from MSCI. Both
achievements demonstrate the company's long-term commitment to
sustainability.
"Climate change is the greatest global challenge of our time,"
said Mark J. Barrenechea, CEO &
CTO of OpenText. "Our future depends on our individual and
collective actions to drive real change. We must stand united to
combat climate change and take concrete actions to reduce
emissions, transition to a low carbon economy and protect the
environment we share. At OpenText, we believe technology innovation
plays a critical role, and we are committed to growth that is both
inclusive and sustainable."
The DJSI North America Index is comprised of sustainability
leaders as identified by S&P Global. The index evaluates
corporate ESG progress across industries on several Corporate
Social Responsibility (CSR) forefronts – ethical business conduct,
shareholder transparency, corporate governance, gender equality,
workplace safety, social reporting, and climate action strategy.
OpenText secured its spot as one of nine software companies across
North America to be included in
the DJSI.
OpenText also received its second consecutive "AAA" rating from
MSCI, positioning the company as a leader among more than 500
companies evaluated in the software & services industry. MSCI
ESG Ratings measure a company's management of financially relevant
ESG risks and opportunities using rules-based methodology. The AAA
rating, which for OpenText includes top recognition in the
categories of Corporate Behavior, Human Capital Development,
Privacy & Data Security, Opportunities in Clean Tech, and
Carbon Emissions, reflects the company's dedication to continuous
improvement and commitment to sustainability as well as excellence
in ESG practices.
In 2022, OpenText unveiled the OpenText Zero-In Initiative, the
company's guiding framework for achieving its global impact goals
relating to ESG commitments and programs. Defined by three main
pillars – Zero Footprint, Zero Barriers and Zero Compromise – the
Zero-In Initiative is characterized by commitments relating to
achieving net zero by 2040, achieving 50/50 gender parity in key
roles, maintaining the highest degree of transparency, and more.
Last year, OpenText shared its plans to zero-in even further,
aligning its Corporate Citizenship and DE&I efforts with six of
the United Nation's Sustainable Development Goals (UN SDGs): Zero
Hunger, Good Health and Well-Being, Quality Education, Gender
Equality, Reduced Inequalities, and Climate Action.
Recognizing the company's path to inclusive and sustainable
growth
Over the last several months, OpenText has continued to be
recognized as an ESG industry leader, celebrating milestones and
the receipt of several prominent awards and acknowledgements
including:
- Placement on Time World's Best Companies 2023 list.
- Being named to Forbes' 2023 lists recognizing World's Top
Companies for Women, World's Best Employers, Canada's Best Employers for Diversity, and
most recently, Canada's Best
Employers for 2024.
- Recognition as one of Canada's
Top 100 Employers, Canada's Top
Employers for Young People, and Canada's Best Employers for Recent Grads.
- A Silver Stevie Award for Achievement in Diversity &
Inclusion 2023.
- A Silver Medal from EcoVadis, the world's most trusted
provider of business sustainability ratings. Placing in the
88th percentile, this is the fifth consecutive medal
that OpenText has been awarded from EcoVadis, with the highest
score achieved to-date.
- Raising over $2.5 million and
providing more than 10 million meals to those in need over the last
four years as part of the OpenText Holiday Food Bank campaign,
helping to combat food insecurity around the world.
- Expanding the number of OpenText Employee Network groups
which now include Worldwide OpenText Women, Black Empowerment &
Excellence, Indigenous & Allies, Queer Pride & Allies,
TruABILITY, Salute, InspirASIAN, Planet, and Familia, and focus on
supporting women, members of the LGBTQ+ community, Veterans, people
with disabilities, the environment, and more.
"At OpenText, we know that our path to inclusive and sustainable
growth requires continued and ongoing commitment," said Julie
Millard, VP of Corporate Citizenship at OpenText. "We are extremely
proud of our efforts to-date, and we are excited to continue to
embrace every opportunity to reduce our footprint, remove barriers
and create a lasting impact for years to come."
Learn more about the progress OpenText is making towards its
Zero-In Initiative goals, as well its ongoing commitments to
OpenText customers, employees, and communities, by reading the
company's most recent Corporate Citizenship Report:
https://www.opentext.com/about/corporate-citizenship.
About OpenText
OpenText, The Information Company™, enables organizations to gain
insight through market leading information management solutions,
powered by OpenText Cloud Editions. For more information about
OpenText (NASDAQ: OTEX, TSX: OTEX) visit
opentext.com.
Connect with us:
Twitter | LinkedIn
OTEX-G
View original content to download
multimedia:https://www.prnewswire.com/news-releases/opentext-zeroes-in-as-recognized-leader-in-sustainability-302055305.html
SOURCE Open Text Corporation