OpenText Zeroes-In on Ambitious ESG Targets and Programs

Company announces new initiative to help advance its environmental, social, and governance goals over the next several decades

OpenText™ (NASDAQ: OTEX), (TSX: OTEX), today announced the launch of the OpenText Zero-In Initiative, the company's guiding framework to achieving global impact goals related to its Environmental, Social, and Governance (ESG) commitments and programs. Affirming the OpenText promise of harnessing the power of technology for the greater good, the OpenText Zero-In Initiative is focused on specific, measurable goals that will leverage data to enable the organization to help move the dial on critical global challenges.

OpenText logo (PRNewsfoto/Open Text Corporation) (PRNewsfoto/Open Text Corporation)

"At OpenText, we believe the future of growth is both sustainable and inclusive," said Mark J. Barrenechea , OpenText CEO and CTO. "The OpenText Zero-In Initiative defines our long-term aspirations and outlines our tangible plans and programs to achieving our bold aspirations. OpenText is in a unique position to enable our customers to be climate innovators through digital transformation, as well as by leading by example. And we intend to do just that."

The OpenText Zero-In Initiative is centered around three pillars:

  • Zero Footprint: OpenText is committed to an emissions reduction target of 50% by 2030 and net zero by 2040 for scope 1, 2, and 3 emissions from a baseline of fiscal year 2022 as well as zero-waste to landfill from operations by 2030. The company is also prioritizing helping customers move to the cloud.
  • Zero Barriers: OpenText is focused on the advancement of Equity, Diversity, and Inclusion (ED&I), by committing to having a majority ethnically diverse workforce by 2030, 50/50 gender parity within key roles by 2030, and 40% women in leadership positions at all management levels by 2030.
  • Zero Compromise: OpenText is committed to achieving its Zero Footprint and Zero Barrier goals via a values-based approach that is rooted in science, transparency, and integrity, supporting accountability, and continuing to help foster a culture of 'tech for good'.

OpenText recently released its annual Corporate Citizenship Report which outlines the OpenText Zero-In Initiative in detail and provides a baseline for tracking the business' success against its ESG aspirations. The OpenText Zero-In Initiative includes ambitious targets that OpenText believes will help drive real and lasting impact.

"The launch of the OpenText Zero-In Initiative enables us to continue to give back to our employees, our customers, and our communities, while zeroing-in on what matters most," added Barrenechea. "We intend to bring software and innovative technologies to market to enable our customers and ourselves to have a significant and immediate impact on ESG and climate goals."

Zeroing-in on stories that made an impact

Throughout the past year, OpenText has brought several initiatives and programs to life that closely align with and support the company's zero-in goals, including:

  • The launch of the (ED&I) Navigator Internship program: This program included a partnership with Lakehead University to offer internship opportunities to Indigenous students enrolled at the university. The company welcomed its first cohort of interns this past spring as the students interned remotely in OpenText's software engineering, marketing, finance, IT, and human resource departments. The ED&I Navigator Internship program was also extended to several students from Howard University in the United States .
  • Sponsoring schools in Poland that welcomed Ukrainian refugee children: OpenText has supported humanitarian efforts in Ukraine since March 2022 and has continued to find new ways to help the people of Ukraine throughout the ongoing crisis. Most recently, the company partnered with five schools in Poznan, Poland who between them, have welcomed more than 600 Ukrainian students into their classrooms. OpenText provided a financial donation to each school to help cover items such as laptops, Ukrainian textbooks, translation software, lockers, and sporting equipment.
  • Enhancing benefits to support the wellbeing of employees: Throughout 2022, OpenText introduced several new employee benefits intended to better support the evolving needs of its employees. Examples of new benefits include enhanced maternity and parental leave, family care leave and adoption allowances for employees in Canada , the U.S., and India , as well as coverage and treatment for abortion, infertility, Gender Reassignment, mental health, and more for U.S. employees, regardless of which U.S. state they live in. Additionally, OpenText signed the HRC business statement earlier this year, which calls for public leaders to abandon or oppose efforts to enact anti-LGBTQ+ legislation.
  • Supporting communities in times of need: Providing support for the communities where employees live and work is a priority for OpenText. As part of its corporate giving pillars, the company provides financial support for global disaster relief and introduces employee matching initiatives to help make a greater impact. Most recently, the company made a $10,000 donation to the Kentucky Region American Red Cross in support of those impacted by the deadly floods in eastern Kentucky .

To complement the Zero-In initiative, OpenText has launched a global campaign titled " Be a Climate Innovator " to raise awareness of how companies can apply Information Management to innovate for a more sustainable future. Together with customers, OpenText is making a bold goal to save 1% of the world's trees over 10 years, through Digital Transformation. The digital world can work to protect the physical one and ensure a thriving planet for future generations.

To learn more about the OpenText Zero-In Initiative, the company's goals, plans, and programs that are already in place in support of those goals, visit Corporate Citizenship Report 2022: Introducing Our Zero-In Initiative - OpenText Blogs .

Read the 2022 Corporate Citizenship Report at this link .

Learn more about how to Be a Climate Innovator at this link .

About OpenText
OpenText, The Information Company™, enables organizations to gain insight through market leading information management solutions, powered by OpenText Cloud Editions. For more information about OpenText (NASDAQ: OTEX, TSX: OTEX) visit opentext.com .

Connect with us:
OpenText CEO Mark Barrenechea's blog
Twitter | LinkedIn

This press release contains forward-looking statements. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, and created under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, the Securities Act ( Ontario ) and Canadian securities legislation in each of the provinces of Canada . All statements other than statements of historical facts are statements that could be deemed forward-looking statements. When we use words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "may," "could," "would", "will" and variations of these words or similar expressions, we do so to identify forward-looking statements. In addition, any statements that refer to expectations, beliefs, plans, projections, objectives, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements, and are based on our current expectations, forecasts and projections about the operating environment, economies and markets in which we operate. Forward-looking statements reflect our current estimates, beliefs and assumptions, which are based on management's perception of historic trends, current conditions and expected future developments, as well as other factors it believes are appropriate in the circumstances. Legislative and regulatory changes, market developments and/or changes in data availability and reliability could materially affect the estimates, beliefs and assumptions used by us, and could materially affect the comparability of the information and data across industries or companies and from one reporting period to a subsequent reporting period. Any commitments, goals and targets discussed in this press release or our Corporate Citizenship Report, including our commitments, goals and targets related to our OpenText Zero-In Initiative, are aspirational and there can be no assurance that any such commitments, goals or targets will be achieved. These forward-looking statements are based on certain assumptions and involve known and unknown risks as well as uncertainties. The actual results that we achieve may differ materially from any forward-looking statements, which reflect management's current expectations and projections about future results only as of the date hereof. We undertake no obligation to revise or publicly release the results of any revisions to these forward-looking statements. Also, while certain matters discussed in this press release or our Corporate Citizenship Report may be of interest to other parties, the use of the terms "material", "significant", "important" or similar words or phrases should not be read as rising to the level of materiality used for purposes of our filings with the Securities and Exchange Commission (SEC) or other securities regulators. No part of this press release or our Corporate Citizenship Report shall be taken to constitute an invitation or inducement to invest in us and shall not be relied upon in any way in connection with any investment decision. For additional information with respect to risks and other factors which could occur, see our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made.

Copyright © 2022 OpenText. All Rights Reserved. Trademarks owned by OpenText.  One or more patents may cover this product(s). For more information, please visit https://www.opentext.com/patents .

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SOURCE Open Text Corporation

News Provided by PR Newswire via QuoteMedia

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Information Management Experts Gather to Explore How AI Elevates Human Potential at OpenText World Europe 2024

OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the information company, is set to host OpenText World Europe 2024 April 15 18, 2024, with a series of in-person customer conferences taking place in London Munich and Paris . The event series will bring together industry leaders, innovators, and customers to discuss how technology can enable global organizations to build for growth, experience, and sustainability.

OpenText logo (PRNewsfoto/Open Text Corporation)

"AI is revolutionizing the business world as a force multiplier for human potential. At the center of this force is trust and authenticity. Our enterprise customers need trusted, governed data to fuel the possibilities of AI. When advanced cloud technologies are applied securely to private data, organizations can get newfound value from their existing IP and begin to build trust with autonomous decisions from AI," said Mark J. Barrenechea , CEO and CTO, OpenText. "At OpenText World Europe, we look forward to showcasing how our OpenText Aviator solutions are empowering organizations to redefine roles and elevate their employees to be their best."

OpenText World Europe will provide an inspiring overview of the company's next generation developments in the cloud and at the edge. From IOT to AI-persona assistants, the innovations to be unveiled will inspire attendees to reimagine their daily work and experiences. From the CIO to the software quality engineer to the IT service manager to insurance claims agent – tomorrow's workplace will be transformed by bringing together automation and AI to disrupt our traditional cultures of knowledge.

Attendees will also learn more about OpenText Aviator – the company's family of generative AI capabilities that leverage large language models (LLMs) and private data sets to solve specific use cases. Attendees will learn first-hand from experts detailing their experiences implementing industry-specific solutions, and challenges they overcame along the way.

Event Dates:

  • London : April 15th , QEII Centre, Central London
  • Munich : April 16-17th , MOC – Event Center Messe Munich
  • Paris : April 18th , Maison de la Chimie, Central Paris

Event Highlights:

  • A keynote from OpenText CEO & CTO Mark J. Barrenechea, on AI as a force multiplier for human potential and how our next generation of information management, Edge, AI, and Security are solving tomorrow's most complex problems.
  • A keynote from Chief Product Officer Muhi Majzoub, who will dive into OpenText's cloud roadmap with Titanium X to showcase how security, trust, and governance are at the center of serving our customers.
  • Distinguished customer speakers including Carsten Trapp , CIO, Carl Zeiss , set to take center stage in Munich , and Leon Van Niekerk , Senior Manager of Test Center of Excellence, Pick-N-Pay, presenting in both London and Paris , will demonstrate how their work with OpenText has propelled their organizations forward and provide their unique industry perspectives on the future challenges and opportunities presented by AI.
  • Guest speaker Bertrand Piccard, the force behind Solar Impulse, the first airplane to fly around the world without a drop of fuel, will highlight the environmental protection goals of his recently launched World Alliance for Efficient Solutions, sharing how he envisions ecology through the lens of profitability, promoting clean and profitable solutions that are "logical" more than just "eco-logical".
  • Breakout sessions featuring updates on the combination of Aviator with each of the OpenText clouds – AI & Analytics, Content Services, Business Network, Digital Experience, Cybersecurity, IT Operations Management (ITOM) and Application Delivery Management (ADM).
  • Turbo talks that dive into the market trends, challenges, and areas of strategic interest that matter most to organizations in Europe.
  • Interactive labs offering the opportunity to experience the latest OpenText innovations, complete training courses, and contribute to product roadmaps.
  • Extensive networking opportunities to connect with OpenText experts, partners and industry peers throughout all the events.

Registration is now open, and the full agendas are available for OpenText World Europe – London , Munich and Paris . Come reimagine work with OpenText and chart your journey to the Future of AI.

About OpenText

OpenText, The Information Company™, enables organizations to gain insight through market leading information management solutions, powered by OpenText Cloud Editions. For more information about OpenText (NASDAQ: OTEX, TSX: OTEX) visit opentext.com

Connect with us:

OpenText CEO Mark Barrenechea's blog

Twitter | LinkedIn

Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText's assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Further, readers should note that we may announce information using our website, press releases, securities law filings, public conference calls, webcasts and the social media channels identified on the Investors section of our website ( https://investors.opentext.com ). Such social media channels may include the Company's or our CEO's blog, Twitter account or LinkedIn account. The information posted through such channels may be material. Accordingly, readers should monitor such channels in addition to our other forms of communication.

Copyright © 2024 OpenText. All Rights Reserved. Trademarks owned by OpenText. One or more patents may cover this product(s). For more information, please visit https://www.opentext.com/patents .

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SOURCE Open Text Corporation

News Provided by PR Newswire via QuoteMedia

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