Xerox Launches 2024 Corporate Social Responsibility Insights
Xerox's 2024 Corporate Social Responsibility Report Released
Xerox Holdings Corporation (NASDAQ: XRX) is proud to announce the release of its latest Corporate Social Responsibility (CSR) Report, titled “Leading Responsibly.” This comprehensive report highlights the company’s achievements throughout the past year in areas such as workplace sustainability, community engagement, and operational efficiency.
Commitment to Environmental Sustainability
In today's rapidly changing world, companies like Xerox recognize the importance of sustainability. The report emphasizes Xerox's commitment to achieving net zero emissions by 2040. The company is making significant progress toward its 2030 greenhouse gas reduction goals, targeting a 60% decrease in scopes 1 and 2 emissions and a 35% reduction in scope 3 emissions compared to their 2016 baseline.
Major Highlights of the CSR Report
The 2024 CSR Report details several important initiatives and achievements that showcase Xerox’s dedication to improving environmental and social outcomes.
Workplace Technology Innovations
Xerox continues to push the boundaries of workplace technology. The company has introduced innovative print technologies and digital solutions that align with clients' sustainability objectives. Over the past three years, Xerox's CareAR platform has facilitated remote issue resolution, significantly boosting operational efficiency. In 2023 alone, this approach helped avoid around 93,400 engineer site visits, resulting in more than 850 metric tons of prevented greenhouse gas emissions.
Acknowledgment for Sustainability and Diversity
Xerox has received prestigious recognition for its sustainability efforts. The 2023 Quocirca Sustainability Report placed Xerox among the leaders in sustainability. Additionally, Xerox was honored with the ENERGY STAR® 2024 Partner of the Year Award, further highlighting its commitment to energy efficiency and environmental stewardship. The company also earned a spot on the Human Rights Campaign Foundation’s Equality 100 list for the 21st consecutive year, underlining Xerox's commitment to diversity and inclusion in the workplace.
Community Engagement and Support
Community support remains a vital component of Xerox's corporate values. In 2023, the company invested more than $2.4 million in nonprofit initiatives, with employees contributing over 42,000 volunteer hours globally. Each year, Xerox runs a two-month campaign from Earth Day through June 30, encouraging staff to participate in causes that resonate with their commitment to community development, education, and sustainability.
Introduction of Verified Carbon Neutrality Service
To further its commitment to sustainability, Xerox recently launched a Verified Carbon Neutrality Service. This initiative is designed to assist clients in creating more sustainable work environments. Stakeholders can access the full details of the Xerox 2024 Global Corporate Social Responsibility Report directly through the company’s official website.
About Xerox Holdings Corporation
With over a century of innovation, Xerox has transformed the workplace experience through its cutting-edge office and production print technologies. Moving beyond traditional roles, Xerox has expanded into software and services that support the hybrid work model, catering to the needs of today’s diverse workforce. The company's offerings are essential tools that empower clients to succeed in an ever-evolving business landscape. For more information about Xerox and its initiatives, visit their official website.
Frequently Asked Questions
What is the focus of the Xerox 2024 CSR Report?
The report outlines Xerox’s achievements in sustainability, community support, and technology innovation over the past year.
What sustainability goals is Xerox pursuing?
Xerox aims for net zero emissions by 2040, with significant greenhouse gas reductions targeted for 2030.
How does Xerox support its community?
In 2023, Xerox donated over $2.4 million to nonprofits and encouraged employee volunteering that totaled over 42,000 hours.
What awards has Xerox received for its sustainability efforts?
Xerox was recognized in the 2023 Quocirca Sustainability Report and received the ENERGY STAR® 2024 Partner of the Year Award.
What initiatives has Xerox introduced to aid clients in sustainability?
The company has launched a Verified Carbon Neutrality Service to help businesses foster sustainable work environments.
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