Zayo Pledges Net Zero Emissions by 2030

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by KnowESG
KnowESG_ESG report
Image courtesy of https://climatechampions.unfccc.int/

Zayo Group Holdings, a prominent provider of global communication infrastructure, has published its 2022 Sustainability at Zayo Report, which underscores the company's dedication to integrating its principles into its operational procedures and achieving its environmental, social, and governance (ESG) objectives.

Mike Nold, EVP of Corporate Development and Strategy and head of Zayo's ESG steering committee, stated that "The ESG practices outlined in this report are integral to Zayo's identity as a company and crucial to achieving our business objectives."

Nold added that Zayo's efforts during the past year included developing a plan to achieve net-zero emissions, enhancing diversity within the organisation, and extending broadband access to all. Zayo takes pride in its progress and pledges to continue prioritising ESG initiatives.

Environmental Impact

The escalating risks of climate change pose a significant danger to societies, natural environments, and economies. Zayo recognises this hazard and is investing in efforts to take the lead in addressing it. In 2022, Zayo made a formal commitment to the Science Based Target Initiative (SBTi) by setting challenging, science-based targets to reduce emissions and support environmentally sustainable growth. As part of this pledge, Zayo created a roadmap to achieve net-zero emissions by 2030.

In addition to this, Zayo has implemented other measures to reduce its impact on climate change, such as offsetting its total carbon emissions and encouraging its suppliers to adopt emission reduction strategies.

Social Impact

Zayo's corporate social responsibility is a cornerstone of its culture, and in 2022, the company renewed its commitment to culture, community, and connection through several initiatives:

  • First, Zayo created a community North Star to serve as a shared objective for employees to unite around. The North Star emphasises Zayo's dedication to promoting positive change by investing in the next generation of technology leaders from historically marginalised and underrepresented communities.

  • Second, Zayo introduced a Diversity, Equity, Inclusion, and Belonging (DEIB) statement, emphasising the company's belief that diversity drives innovation and growth and that every employee should feel valued, respected, and empowered to be their most authentic selves.

  • Third, Zayo made progress towards enhancing gender and ethnic diversity across all levels of the organisation, including the Board of Directors.

  • Fourth, Zayo prioritised initiatives to expand broadband access, particularly for low-income students. Following the acquisition of ENA, Zayo now connects more than 19,000 K-12 schools in the US, with 58% of these located in underserved, low-income communities.

  • Finally, Zayo began tracking diversity in its supply chain, demonstrating year-over-year improvements in the number of women and minority-owned suppliers.

Julie Tschida Brown, Chief People & Culture Officer at Zayo, stated that the company is committed to promoting advancement and inclusivity. Zayo actively aims to create a workplace culture that values diversity, equity, and inclusion and holds itself accountable to this goal. The introduction of the community North Star and DEIB statement are integral to this commitment, and Zayo plans to continue developing and evolving in the coming years.

To find out more about Zayo's ESG initiatives or to download the complete report, please visit https://www.zayo.com/environmental-social-governance.

To view and compare company ESG Ratings and Sustainability Reports across sectors, follow our Company ESG Profiles page.

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Source: Zayo

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