Discover Workday’s 2024 Impact Report, highlighting ESG solutions, environmental commitments, social initiatives, and governance practices. Explore their strides in sustainability and innovation. Read the entire report here.
Workday has recently released its 2024 Global Impact Report, detailing its commitment to environmental, social, and governance (ESG) principles. Covering the fiscal year that ended January 31, 2024 (FY24), the report showcases how Workday is integrating sustainability into its business model. Here are the key takeaways:
ESG Solutions and Customer Success: Innovating Together 🚀
- Managing ESG Reporting: Workday has enhanced its technology to help customers track and report ESG goals. Notable solutions include Deloitte’s Accelerate2zero for capturing emissions, ClimateAdapt for climate risk assessments, and PwC’s Carbon Ledger for simplifying greenhouse gas data.
- Skills for Good: Through Workday Skills Cloud, AI helps organizations understand workforce skills, facilitating reskilling and upskilling. This promotes internal mobility and opens opportunities for people from nontraditional backgrounds.
Environmental Sustainability: Protecting Our Planet 🌱
- Commitments to Sustainability: Workday remains dedicated to science-based emissions reduction targets, having met their 100% renewable electricity goal. They are also focusing on reducing business travel emissions and engaging suppliers in setting their own sustainability targets.
- Strategic Partnerships: Collaborations with organizations like Frontier, Lithos Carbon, and Heirloom are part of Workday’s efforts to address climate change. Their partnership with the Sustainable Aviation Buyers Alliance (SABA) supports decarbonization in the aviation industry.
Social and Community Impact: Prioritizing People 💙
- Diversity and Inclusion: Workday’s VIBE™ initiative (Value Inclusion, Belonging, and Equity) supports fair hiring and development processes. New VIBE objectives and expanded self-identification options help understand and meet workforce needs better.
- Skill Development: Workday Skills Cloud and Career Hub facilitate employee growth through new learning opportunities. More than 10,000 employees have accessed these resources, enhancing their skills and career prospects.
- Community Support: The Workday Foundation has granted $7.9 million to workforce development organizations, focusing on reskilling for digital careers and supporting a low-carbon economy.
Governance: Upholding Integrity and Trust 🔒
- Responsible AI: Workday emphasizes ethical AI development through its responsible AI governance program. They advocate for responsible AI use, ensuring innovation is balanced with ethical conduct.
- Transparency and Security: Transparency in data protection and compliance is a priority. Workday employs robust security measures to safeguard customer data and support privacy needs.
Moving Forward 🌟
Carl Eschenbach, CEO at Workday, stated, “We’re proud to share all the ways we’re moving businesses forever forward—fueled by our people, powered by our platform, and supported by our partnerships.”
With a focus on supporting innovation, protecting the planet, prioritizing people, and acting with integrity, Workday is making a significant positive impact on communities and the broader world.
For more detailed insights, read the full report on Workday's website and explore how they are shaping a sustainable future. 🌍🚀