Submitted by VIAVI
September 1, 2022 /CSRwire/ - Viavi Solutions Inc. (VIAVI) (NASDAQ: VIAV) has released its 2022 Environmental, Social, and Governance (ESG) Report, covering the company’s global operations for fiscal year 2022. The 2022 ESG Report follows the company’s inaugural sustainability report in 2020 and the second report in 2021, and describes the ways in which VIAVI continues to work to integrate and embed sustainability into its strategy and operations. The 2022 ESG Report contains the results of the company’s inaugural ESG Priority Assessment, which guides VIAVI’s overall ESG strategy by identifying the environmental, social, and governance topics that have the greatest impact on its business strategy, success, and ability to generate long-term value. The 2022 ESG Report also includes the company’s disclosures aligned with the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) and additional data regarding carbon dioxide (CO2) emissions, energy consumption, human capital management, and other relevant topics.
VIAVI promotes environmentally friendly practices and strives to conduct its business in a sustainable manner.
The VIAVI culture is made up of the diverse contributions of 3,600 employees worldwide representing more than 30 self-identified nationalities working across 30 countries. VIAVI is committed to promoting and maintaining a diverse and inclusive work environment and offering equal opportunities to everyone.
VIAVI furthered its commitment to the highest standards of business ethics and corporate governance through the implementation of business practices, tools, training, and communications.
“Over the past few years, and through the uncertainties of the COVID-19 pandemic, VIAVI has taken steps to further strengthen our ESG initiatives, including embracing the practices and behaviors that create the right environment for people to succeed,” said Oleg Khaykin, President and CEO, VIAVI. “We will remain focused on helping our customers succeed, creating a more inclusive workforce, and making our business more sustainable in the years ahead, and believe that steadfast focus on our ESG initiatives accelerates our ability to deliver on these promises,” said Richard Belluzzo, Board Chair, VIAVI.
About The Report
The 2022 ESG Report covers VIAVI global operations for fiscal year 2022, which began on July 4, 2021 and ended on July 2, 2022, unless otherwise noted, and includes the activities of the Company and its wholly owned subsidiaries. Throughout the report, VIAVI defines ESG as a way of categorizing the non-financial factors which impact the company’s long-term performance, as well as a strategy for integrating relevant and priority ESG factors into its business to operate in a sustainable manner and realize long-term value. In 2022, VIAVI deepened its approach to ESG by conducting its inaugural ESG Priority Assessment. The ESG Priority Assessment is a governance measure that guides overall ESG strategy, as the process is designed to identify the environmental, social, and governance topics having the greatest impact on VIAVI’s business strategy, success, and ability to generate long-term value. VIAVI aims to regularly assess a wide range of ESG topics to inform its strategy, and plan to increase the scope of its priority assessment and the level of involvement by internal and external stakeholders in subsequent iterations.
VIAVI (NASDAQ: VIAV) is a global provider of network test, monitoring and assurance solutions for communications service providers, enterprises, network equipment manufacturers, original equipment manufacturers, government and avionics. We help these customers harness the power of instruments, automation, intelligence and virtualization. VIAVI is also a leader in light management solutions for the anti-counterfeiting, consumer electronics, industrial, government and automotive markets.
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