We are proud of the progress we have made, and the impact we have had over the last 10 years—even as we continue to embed sustainability practices throughout our company and value chain.
As the private sector adopts climate disclosure standards established by the Task Force on Climate-Related Financial Disclosures (TCFD), the oil and gas industry faces increasing pressure from its investors to disclose how it is managing climate risk, including emissions of methane from oil and gas.
We have dedicated the past two years to transforming our business. During that time, we have quickly built up our market-leading portfolio through internal innovation, as well as through the acquisition of several strategic cyber security companies.
Over the last twelve months, we also took a step back to validate Symantec’s corporate responsibility strategy and our approach to disclosure. We re-assessed key concerns of external stakeholders and met with a broad range of internal leaders to inform our thinking. Based on these conversations, we restructured our priorities and reconfirmed our support for the United Nations Global Compact’s 10 principles to protect human rights, uphold ethical labor conditions, protect the environment, and combat corruption.
Attaining environmental benefits and lower cost of ownership are driving more commercial fleets to electrify, according to a UPS (NYSE: UPS) and GreenBiz study released today. In the “Curve Ahead: The Future of Fleet Electrification” report, industry leaders identify the main motivations and barriers to electrification, as well as strategies to move the commercial electric vehicle market from niche to mainstream.
We still have a chance of reaching the aspirational goal, but we need to move quickly. I urge you not to lose hope. Losing hope is futile, especially when what we need now is action.
As part of its commitment to climate action, Symantec set a goal in 2016 to reduce Scope 1 and 2 greenhouse gas (GHG) emissions by 30 percent over a 10-year period (FY16 to FY25 with a FY15 baseline). Through investments in energy conservation and more efficient use of space the company has achieved a 32 percent reduction in GHG emissions in just three years.
According to a Nielsen global survey, 39% of American consumers are working to incorporate more plant-based foods in their diets. Sodexo, a food services and facilities management company committed to improving Quality of Life, launched its new plant-based menus in hundreds of accounts across its Universities, Healthcare, and Corporate Services segments. The new menus featuring 200 plant-based recipes were created in partnership with the Humane Society of the United States (HSUS) and the World Resource Institute-Better Buying Lab (WRI), to meet consumer demand for plant-based options and reduce the environmental impact of food offerings.
The benefits of improved occupational health and safety are far-reaching. The new reporting standard from the Global Reporting Initiative puts the worker in the center, and can help companies drive improvements in the lives of millions of workers worldwide.
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