OpenText announced the launch of the OpenText Zero-In Initiative, the company’s guiding framework to achieving global impact goals related to its Environmental, Social, and Governance (ESG) commitments and programs. Affirming the OpenText promise of harnessing the power of technology for the greater good, the OpenText Zero-In Initiative is focused on specific, measurable goals that will leverage data to enable the organization to help move the dial on critical global challenges.
“At OpenText, we believe the future of growth is both sustainable and inclusive,” said Mark J. Barrenechea, OpenText CEO and CTO. “The OpenText Zero-In Initiative defines our long-term aspirations and outlines our tangible plans and programs to achieving our bold aspirations. OpenText is in a unique position to enable our customers to be climate innovators through digital transformation, as well as by leading by example. And we intend to do just that.”
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The OpenText Zero-In Initiative is centered around three pillars:
- Zero Footprint: OpenText is committed to an emissions reduction target of 50% by 2030 and net zero by 2040 for scope 1, 2, and 3 emissions from a baseline of fiscal year 2022 as well as zero-waste to landfill from operations by 2030. The company is also prioritizing helping customers move to the cloud.
- Zero Barriers: OpenText is focused on the advancement of Equity, Diversity, and Inclusion (ED&I), by committing to having a majority ethnically diverse workforce by 2030, 50/50 gender parity within key roles by 2030, and 40% women in leadership positions at all management levels by 2030.
- Zero Compromise: OpenText is committed to achieving its Zero Footprint and Zero Barrier goals via a values-based approach that is rooted in science, transparency, and integrity, supporting accountability, and continuing to help foster a culture of ‘tech for good’.
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OpenText recently released its annual Corporate Citizenship Report which outlines the OpenText Zero-In Initiative in detail and provides a baseline for tracking the business’ success against its ESG aspirations. The OpenText Zero-In Initiative includes ambitious targets that OpenText believes will help drive real and lasting impact.
“The launch of the OpenText Zero-In Initiative enables us to continue to give back to our employees, our customers, and our communities, while zeroing-in on what matters most,” added Barrenechea. “We intend to bring software and innovative technologies to market to enable our customers and ourselves to have a significant and immediate impact on ESG and climate goals.”
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