How Keysight Is Helping the Planet Thrive Through Environmental, Social, and Governance Efforts

Keysight’s key impact measures provide a framework to track the company’s progress and commitment to supporting environmental sustainability, strengthening global communities, and employing ethical business governance and operational practices worldwide.

Results in Fiscal Year 2021

In fiscal year 2021, we announced our commitment to net zero emissions in operations by 2040, including interim mid-term goals, and have made progress with efforts that included our commitment to implement science-based targets (SBTs). We also expanded our greenhouse gas reporting boundary to include all sites within our operational control.

Keysight’s social impact and governance goals for fiscal year 2021 were focused on short-term, one-year measures in support of continuous progress toward helping build a better planet while mitigating the effects of the continued pandemic and other challenges.

Fiscal Year 2021 Results

• $315M+ In Value Committed to Strengthening Communities
• 145K+ Students & Future Engineers Engaged through STEM Education
• 34.4% Global New Hires were Women
• 46.4% U.S. New Hires were Underrepresented Minorities (URM)¹
• ZERO Material Negative Impacts to the Income Statement from CSR-related Topics
• Progress Made Toward Net Zero Emissions in Company Operations by End Fiscal Year 2040, Committed to Science Based Targets initiative (SBTi)

Environmental Sustainability Fiscal Year 2021 Results

Keysight recognizes that climate change is an economic, environmental, and social crisis. The private sector needs to take a comprehensive approach to combat climate change and reduce greenhouse gas (GHG) emissions.

In 2021 we launched our commitment to net zero emissions in company operations by end fiscal year 2040. To track progress, we also established mid-term renewable energy and energy reduction goals for end fiscal year 2030. These commitments provide certainty about the company’s strategic direction in environmentally sustainable operations. In 2021, we also announced our commitment to the Science Based Targets initiative (SBTi) to develop approved SBTs in line with limiting global warming to 1.5 degrees Celsius. Utilizing the SBTi framework to develop, track, and report on these corporate ambitions will enable Keysight to measure progress in GHG emissions reduction and ensure targets are consistent with the latest climate change scenarios. In initiating alignment with the SBTi framework, we expanded our GHG reporting boundaries to include all sites within our operational control and recalculated emissions from our new fiscal year 2019 baseline through end of fiscal year 2021.

We have already begun implementing our strategy in this space. For example, Keysight announced the installation of a 5.8 megawatt peak rooftop solar array at the company’s largest site, located in Penang, Malaysia, with completion estimated for spring 2022. The project is expected to reduce more than 95,000 metric tons of carbon dioxide equivalents over 20 years.

In addition, as part of our efforts in energy conservation and reduction, we implemented infrastructure projects such as heating, ventilation and air conditioning (HVAC) efficiency improvements, and lighting system upgrades. 

Social Impact Fiscal Year 2021 Results

Community

With a focus on strengthening local and global communities, Keysight ended its fiscal year 2021 having surpassed its annual community goal by contributing more than $315 million in value through philanthropic giving, volunteerism, sponsorships, and university engagement programs.

In 2021, our community-based efforts maintained support for employee-selected charitable donation matching through our Giving Program in addition to targeted endeavors such as continued pandemic response, university technology donations, and health and human services support. On the pandemic response front, Keysight partnered with local civic bodies and non-governmental organizations (NGOs) to provide critical medical supplies, testing, education, and human services support, including community vaccination clinics at some Keysight campuses.

Education

With the intent to inspire and nurture future engineers, our education goal collectively included all students that Keysight and employee volunteers engaged in support of science, technology, engineering, and math (STEM) education across primary, secondary and university-levels. We surpassed our annual goal, having engaged more than 145,000 students in fiscal year 2021.

Efforts in 2021 included expansion of partnership pilots focused on engaging students remotely with online mentoring and learning opportunities for girls and underrepresented minorities. We are pleased to have increased the reach of STEM engagements beyond our original target to support students through the ongoing pandemic impact on educational systems.

Diversity, Equity, & Inclusion

Spanning the career journey, Keysight’s Diversity, Equity, and Inclusion (DEI) program endeavors to create a more inclusive and diverse workplace. As we nurture our DEI programs, implement new initiatives, and continue to engage employees in these efforts, we recognize the need to provide transparency of our progress. While Keysight has always set and tracked aggressive DEI goals internally, in 2021 we publicly communicated diversity hire targets for our fiscal year.

We set aggressive goals for 2021 of 45% of U.S. new hires being from URM groups and 35% global new hires being women. We are pleased to report that Keysight exceeded the URM goal with a result of 46.4% representation of U.S. new hires in 2021. And, while we made progress on the global female new hire front, Keysight fell slightly short of our 2021 goal with 34.4% female representation of global new hires.

As a CEO-level priority with quantifiable goals and actions tracked by the leadership team and Keysight Board of Directors, the company looks forward to continuous improvement and progress in our DEI results.

Ethical Governance Fiscal Year 2021 Results

This target has supported alignment to ethical operations and business commitments through robust governance provided by the company’s Standards of Business Conduct (SBC), corporate policies, Board and risk oversight, and environmental, health, and safety programs, for example. As a result, Keysight did not incur any material negative impacts to the income statement or institutional investment levels from CSR-related topics in fiscal year 2021, and thus met this goal as planned.

Forward Looking Key Impact Goals

As Keysight continues to make progress on mid- and long-term targets in support of our goal of net zero emissions in operations by the end of fiscal year 2040, we are excited to present our latest targeted measures in social impact and ethical governance.

• $250M In Value Committed to Strengthening Communities by End of Fiscal Year 2022
• 35.4% Global New Hires are Women by End of Fiscal Year 2022
• 47.4% U.S. New Hires are Underrepresented Minorities by End of Fiscal Year 2022
• ZERO Material Negative Impacts to the Income Statement from CSR-related Topics Annually
• > 1M Students, Future Engineers, and Technology Skill Learners Engaged through STEM Education by End of Fiscal Year 2023

Read more in Keysight's 2021 Corporate Social Responsibility Report

^{1 California Assembly Bill 979 defines underrepresented minority as Black, African American, Hispanic, Latino, Asian, Pacific Islander, Native American, Native Hawaiian, or Alaska native, or as gay, lesbian, bisexual, or transgender.}