Corporate ESG Initiatives
IBM Announced its New 'IBM Impact' ESG Reporting Framework
Colin Smith — August 14, 2022
IBM announced the launch of a new internal Environmental Social and Governance (ESG) monitoring and reporting framework named 'IBM Impact.' The IBM Impact program structures its three pillars of analysis around environmental impact, equitable impact, and ethical impact, as the tech giant renames the ESG program to better suit its specific operations.
As part of the environmental impact, IBM announced that it would target sustainability across its entire operations. This includes using reusable energy, reducing consumption of single-use energy, and keeping waste out of hazardous landfills. In terms of the equity impact, IBM has implemented new diversity and inclusion goals that relate to hiring patterns, corporate responsibility, and positive workforce initiatives.
Lastly, IBM will address its ethical impact by leveraging smart technologies to educate suppliers and partners on its ethical business practices. This also includes incentive programs, diversity goals, and more.
