Business
VIAVI Describes Initiatives to Continue to Operate Sustainably and to Generate Long-Term Value in 2022 Environmental, Social, and Governance Report
CHANDLER, Ariz., Sept. 1, 2022 /PRNewswire/ -- Viavi Solutions Inc. (VIAVI) (NASDAQ: VIAV) has released its 2022 Environmental, Social, and Governance (ESG)
About this update from Viavi Solutions Inc.
[{"type":"text","content":"CHANDLER, Ariz., Sept. 1, 2022 /PRNewswire/ -- 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.\n\n \n \n \n \n \n \n\n \nEnvironmentVIAVI promotes environmentally friendly practices and strives to conduct its business in a sustainable manner.\nVIAVI's Scope 1, Scope 2, and Scope 3 CO2 emissions are 42% lower than they were in 2015, and CO2 emissions intensity has decreased between 2017 and 2021 on both a headcount Full Time Equivalent (FTE) and a revenue basis.By running cloud-based test software for customers on the company's centralized servers, VIAVI reduces the potential CO2 emissions compared to each customer hosting the software themselves. VIAVI optical filters used in smartphone facial recognition systems save over 1 million metric tons of CO2 per year. GEOoptimize allows service providers to optimize their mobile networks so they use less power.VIAVI is engaged in a number of sustainability projects across its global sites, including the use of reclaimed water for an evaporative cooling system at VIAVI's new global headquarters in Chandler, Arizona and transitioning its Suzhou, China site to 100% renewable electricity within the next two years, which VIAVI expects will result in a reduction in annual Scope 2 CO2 emissions by over 3,000 metric tons.SocialThe VIAVI culture is made up of the diverse contributions of 3,600 employees worldwide representing more than 30 s...