Akamai Technologies Added to ESG Stock Indexes
Akamai Technologies, Inc.
Akamai Technologies is included in the 2021 Dow Jones Sustainability Indices (DJSI) and the FTSE4Good Index. Such indexes offer investors a way to integrate environmental, social and governance factors into their investment decisions. The company's scores improved over last year in all three assessment categories.
Akamai Technologies, Inc., the world’s most trusted solution to power and protect digital experiences, today announces that the company is included in the 2021 Dow Jones Sustainability Indices (DJSI) and the FTSE4Good Index. Such indexes offer investors a way to integrate environmental, social and governance ("ESG") factors into their investment decisions.
The DJSI was one of the first global indexes to track the largest and most sustainable publicly traded companies when it was launched in 1999. After applying a range of financially relevant and industry specific ESG criteria, a total sustainability score is assigned to each company. Based on this score, Akamai once again met the criteria to be included in the DJSI North America, as it has since 2013. The company's scores improved over last year in all three assessment categories: Governance and Economic, Environmental Dimension and Social Dimension.
Also, earlier this year, the FTSE4Good Index Series said that Akamai would be a part of it for the seventh year in a row. FTSE4Good is a global sustainable investment index series, designed to identify companies that demonstrate strong ESG practices measured against international standards. Its tradeable indexes meet the needs of investors who want quick and cheap access to companies like Akamai that care about ESG issues.
“Akamai believes that business can be a greater force for good," said Nicole Fitzpatrick, deputy general counsel and chief ESG officer, Akamai Technologies. "We have taken significant steps to assess, measure, and report on our ESG progress. Inclusion in these two indexes is recognition of Akamai's commitment to creating a company culture that embraces sustainable business practices.”
Akamai continues to make progress in its ESG performance. Giving back to the planet and the community is a big part of the company's identity and a key reason for its success as a business. Since 2015, the company has cut its greenhouse gas emissions by more than 30% and now uses 50% renewable energy to power its edge platform. It has also spent millions of dollars on global STEM education programs for underserved students and encouraged its employees to volunteer and help with disaster relief.
Source: Akamai newsroom