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  • Professor Andrea M. Armani, University of Southern California
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Keysight Releases 2024 Corporate Social Responsibility Progress Report and Disclosures

By: via Business Wire
  • Progress Report highlights achievements in ethical business and governance, environmental sustainability, and positive social impact efforts worldwide while disclosures provide valuable stakeholder insights into the effectiveness of these efforts
  • Keysight surpassed many 2024 Corporate Social Responsibility key impact goals

Keysight Technologies, Inc. (NYSE: KEYS) released its 2024 Corporate Social Responsibility (CSR) Progress Report, highlighting the company’s recent achievements across ethical business and governance, environmental sustainability, and positive social impact. The progress report, with its accompanying 2024 CSR Data Report, encompasses Keysight’s CSR performance in fiscal year 2024 and includes operations worldwide, unless otherwise noted. Data includes disclosures that have been prepared with reference to the Global Reporting Initiative (GRI) revised universal topic standards and aligned to the Sustainability Accounting Standards Board (SASB) frameworks, as well as additional human capital metrics not included in the mentioned frameworks.

Keysight’s 2024 CSR Progress Report showcases how the company met its ethical business and governance goals, progressed toward long-term sustainability goals, exceeded some short-term key impact goals. These results were attained while continuing to make positive contributions to purposeful technology and transparency with key international environmental, social, and governance (ESG) disclosure frameworks.

Met stated goals for ethical business and governance in fiscal year 2024

The company met its ethical governance goals by not incurring any material negative impacts to its income statement from CSR-related matters in fiscal year 2024. This achievement aligns to Keysight’s ethical operations and business commitments through the company’s robust governance, which is provided by its Standards of Business Conduct (SBC), corporate policies, board and risk oversight, and environmental, health, and safety programs to name a few.

Made progress toward environmental sustainability goals

The company made progress in environmental sustainability related to its commitment to net zero emissions in business operations by the end of fiscal year 2040. For example, Keysight signed a virtual power purchase agreement (VPPA) with Southern Power to acquire renewable energy credits from a 39 MW expansion at the Millers Branch Solar Facility. This agreement is expected to start in the first quarter of fiscal year 2027 and will generate enough renewable electricity to cover 100% of Keysight's electricity consumption in the US and Canada.

Surpassed citizenship, community engagement, and education goals for fiscal year 2024

Keysight significantly surpassed its goals for positive social impact by focusing on community and education. Progress noted includes:

  • Committing more than $295 million in value to strengthen communities through citizenship, giving, STEM education, and university engagements.
  • Employees volunteered 1,225 hours in CSR and community engagement activities.
  • Through direct support and partnerships, engaged more than 4.4 million students, future engineers, and technology skill learners through STEM education programs worldwide.

Maintained commitment to a positive work environment for all employees

In fiscal year 2024 the company fostered a positive and engaged work environment with opportunities for all employees to participate and thrive, including through employee network groups, educational assistance and training programs, flexible work schedules, coffee talks, employee surveys, and internal feedback platforms. The company continually assesses the efficacy of its efforts, implementing new initiatives, and actively engaging employees across its global workforce.

Continued providing sustainably developed solutions that support development of purposeful technologies

The Keysight 2024 CSR Progress and Data Reports showcase the company’s mission of accelerating innovation to connect and secure the world through sustainably developed solutions that enable purposeful technologies. Through the company’s solutions, Keysight helps customers deliver breakthrough innovations in areas such as clean technology, social impact and wellness, and safety and security, all while helping address emerging energy efficiency measurement and regulatory requirements.

New impact goals announced

Looking forward, Keysight remains committed to its mid- and long-term targets supporting net zero emissions in its operations by the end of fiscal year 2040 and has announced a new set of targets tracking progress in positive societal impact and ethical governance throughout 2025 and into 2026.

Satish Dhanasekaran, President and Chief Executive Officer, Keysight, said: "I take great pride in our enduring commitment to building a better planet. From pioneering solutions that connect and secure the world to our global CSR framework rooted in integrity and responsibility, Keysight remains dedicated to making a meaningful impact and driving breakthroughs that help create a better, more sustainable world.”

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About Keysight Technologies

At Keysight (NYSE: KEYS), we inspire and empower innovators to bring world-changing technologies to life. As an S&P 500 company, we deliver market-leading design, emulation, and test solutions to help engineers develop and deploy faster, with less risk, throughout the entire product life cycle. We’re a global innovation partner enabling customers in communications, industrial automation, aerospace and defense, automotive, semiconductor, and general electronics markets to accelerate innovation to connect and secure the world. Learn more at Keysight Newsroom and www.keysight.com.

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