Pega releases 1st impact report highlighting its ESG and CSR progress
Report demonstrates how Pega is making itself more efficient and sustainable, increasing inclusion and diversity, and supporting its entire ecosystem
Software company Pegasystems to lay off 4% of workforce
Hyderabad Pegasystems Inc., a software company, announced the release of its first Impact Report. The report offers a consolidated view of 2021 ESG (Environment, Social, and Governance) and CSR (Corporate Social Responsibility) achievements and programs across the business.
Ken Stillwell, COO and CFO, Pegasystems, said: "Environment, Social, and Governance leadership is becoming increasingly important. We are proud to share how Pega is driving a more efficient and sustainable business, our deep commitment to inclusion and diversity, and how we are supporting our employees, clients, partners, and communities in these remarkable times."
Pega was built on the idea of adaptability. With the world increasingly in flux, Pega and its employees have rallied around regional and global issues to develop solutions and drive positive results for its clients, partners, communities, and each other. Pega's first Impact Report looks at the company's corporate and grassroots efforts across three key areas including Social, Governance and Environmental.
Where under social segment, Pega supports its people and extended communities through commitments and efforts aligned with its six core values like innovative, engaging, adaptable, inclusive, genuine, and passionate. The company achieved a score of 95 out of 100 with it's first-ever submission to the Human Rights Campaign Foundation Corporate Equality Index and made charitable contributions to more than 200 organizations in 20 countries through its PegaCares social impact program. Covid-19 support efforts in India, including establishing the Resource Emergency Action Care Helpline (REACH), have been launched to help Pega staff and families affected by Covid-19 in locating hospital beds and medical supplies. A global network of Employee Resource Groups (ERGs) – Black@Pega, Pride@Pega, Veterans@Pega, and Women@Pega – which grew to include three new ERGs in 2021 – Asian@Pega, Latinx@Pega, and PwD@Pega (Persons with Disabilities) has been taken up.
The company's corporate governance practices reflect Pega's commitment to high standards of excellence and compliance for the company as well as its employees, clients, partners, and other stakeholders. Report includes descriptions of ESG oversight at the committee, leadership, and Board level.
With a commitment to transparency in sustainability, the company has established reliable monitoring and measuring of its environmental impact. A B- rating on its inaugural CDP Report, outperforming the average C rating for U.S.-based companies and achieving Scope 1 and Scope 2 carbon neutrality in eight key Pega offices. Reducing consumption of single-use plastics by 40 per cent and powering its Bangalore office with 70 per cent renewable energy.
