Kyndryl Champions Sustainable Practices in New Report
Kyndryl Unveils Fiscal Year 2024 Corporate Citizenship Report
Kyndryl (NYSE: KD), a global leader in IT infrastructure services, has recently released its Corporate Citizenship Report for fiscal year 2024. This comprehensive report underscores the company's commitment to sustainability, innovation, and social responsibility, showcasing its efforts to drive meaningful progress for stakeholders worldwide.
A Commitment to Sustainability
The report outlines how Kyndryl has focused on sustainable practices while addressing the needs of its clients. Through significant investments in environmental stewardship, the company is working diligently to meet regulatory and stakeholder expectations, ensuring that its operations are environmentally responsible.
Environmental Initiatives
Kyndryl has committed to managing its environmental impacts through innovative strategies to enhance supply chain resiliency. The company achieved noteworthy reductions in emissions, including:
- Aim to meet a net-zero target by 2040, with a 9% reduction in scope 1 emissions and an 8% decrease in scope 2 emissions compared to the previous fiscal year.
- Obtaining global certifications for its Environmental and Energy Management Systems, specifically ISO 14001 and ISO 50001.
- Diverting nearly all IT electronic waste from landfills while reducing water consumption in high-stress areas.
Kyndryl also partnered with various stakeholders to offer sustainability and advisory services to its clients. These initiatives guide businesses in modernizing their IT infrastructure, effectively creating energy-efficient operational footprints.
Empowering People and Communities
Recognizing the importance of its workforce, Kyndryl places a strong emphasis on personal and professional development within its corporate culture, aptly named The Kyndryl Way. In fiscal year 2024, the company has accomplished:
- Over 2.3 million hours of training completed, enabling employees to achieve over 78,000 digital credentials.
- Elevated employee engagement scores that remain above the industry average, alongside the launch of Kyndryl Be Well, a global wellness strategy to foster employee well-being.
- Introduction of the Kyndryl Foundation, delivering grants to 11 nonprofits across various countries to address pressing social issues.
These initiatives highlight Kyndryl's dedication to cultivating a thriving workforce while uplifting the communities where they operate.
Integrity and Governance
Kyndryl's corporate governance framework emphasizes building trust through integrity, accountability, and transparency. The company reported a 100% completion rate for mandatory Code of Conduct and cybersecurity training among eligible staff, showcasing its commitment to compliance and ethical practices.
Responsible AI Development
In alignment with advancing technologies, Kyndryl developed an Artificial Intelligence Management System, implementing principles for Responsible AI. This initiative indicates Kyndryl's readiness to empower its customers with innovative AI solutions while maintaining ethical guidelines.
Recognitions and Future Outlook
This year, Kyndryl was awarded the Silver EcoVadis Award, placing the company in the top 15% of organizations evaluated for sustainability practices. According to Faith Taylor, Senior Vice President of Global Citizenship and Sustainability, this accolade reflects the company’s significant advancements and ongoing commitment to driving economic, social, and environmental improvements.
Kyndryl's engagement strategy aligns with its overarching business goals, setting a robust foundation for a sustainable and inclusive future. With the dedication of its people and the continuous support of its stakeholders, Kyndryl is poised to maintain and amplify its positive impact across the globe.
Frequently Asked Questions
What is Kyndryl's focus in its Corporate Citizenship Report?
Kyndryl's focus is on sustainability, social responsibility, and innovation in IT infrastructure services.
What goals did Kyndryl set regarding environmental impact?
Kyndryl aims for a net-zero target by 2040, achieving notable reductions in emissions and resource consumption.
How does Kyndryl support its employees?
Through extensive training programs and initiatives that foster well-being and engagement within the workforce.
What recognition did Kyndryl receive for its sustainability efforts?
Kyndryl was awarded the Silver EcoVadis Award, reflecting its position among the top 15% of participating organizations.
How does Kyndryl ensure integrity in its operations?
The company maintains a strict Code of Conduct and training regimen to promote accountability and ethical behavior among employees.
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