Keysight Releases the Company’s First Taskforce on Climate-related Financial Disclosures Report
November 17 2023 - 8:00AM
Business Wire
- First standalone Taskforce on Climate-related Financial
Disclosures Report
- Report identifies climate-related risks and opportunities with
the potential to impact the company
- Keysight’s report covers the four core recommendations for
climate-related disclosures including governance, strategy, risk
management, and metrics and targets
Keysight Technologies, Inc. (NYSE: KEYS) released the company’s
first standalone Taskforce on Climate-related Financial Disclosures
(TCFD) Report. The report recognizes the impacts of climate change
and highlights the company’s commitment to mitigate and adapt to
the identified risks and opportunities by ensuring they are
addressed within its business strategy.
Keysight’s 2023 TCFD Report follows the recommended TCFD
framework, including governance, strategy, risk management, and
metrics and targets. In 2023, the company completed its first
quantitative climate-scenario analysis, covering a range of warming
trajectories from 1.5°C to 3.3°C. The analysis helped the company
identify potential physical risks, transition risks, and
opportunities related to climate change. Keysight’s TCFD Report
provides a response to the identified risks and opportunities and
outlines the company’s climate-related targets, including net zero
emissions in company operations by the end of fiscal year 2040 and
near-term science-based targets.
Utilizing the framework of the TCFD, Keysight can communicate
the impacts associated with climate-related risks and opportunities
to our stakeholders including investors, customers, employees, and
others who value company assets. The TCFD was created by the
Financial Stability Board (FSB) to develop recommendations and a
disclosure framework to increase market transparency for investors,
lenders, and insurance underwriters.
Jason Kary, Vice President, Treasurer and Investor Relations,
Keysight said: “It is important for companies to understand and
disclose the potential risks and opportunities associated with
climate change. We aligned with the TCFD recommendations and
framework to transparently report on potential climate-related
impacts and our risk management strategies.”
Resources
- Keysight’s Task Force on Climate-related Financial Disclosures
(TCFD) Report
- Keysight CSR Website
- Keysight’s Response to Climate Change
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’re delivering market-leading design, emulation, and
test solutions to help engineers develop and deploy faster, with
less risk, throughout the entire product lifecycle. 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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Keysight Media Contacts
Paul Erwin Americas +1 248 430 9075 paul.erwin@keysight.com
Fusako Dohi Asia +81 42 660-2162 fusako_dohi@keysight.com
Jenny Gallacher Europe +44 (0) 7800 737 982
jenny.gallacher@keysight.com
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