Climate Change Data

Versa Networks, Inc

Climate Impact & Sustainability Data (2024)

Reporting Period: 2024

Environmental Metrics

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Implemented an Environmental Management System (EMS) and are ISO 14001 certified
  • Implemented energy-efficient practices (energy-efficient lighting, power management strategies for IT equipment, optimized HVAC systems)
  • Implemented video conferencing and telecommuting options to reduce travel
  • Established a green transportation policy
  • Established a recycling program for paper, cardboard, plastics, batteries, and electronics; composting food waste

Social Achievements

  • Implemented policies and practices to ensure a welcoming and inclusive workplace
  • Comply with all applicable labor laws and regulations
  • Regular audits of labor practices and supply chain
  • Implemented health and safety policies and initiatives, including safety training and emergency response protocols
  • Initiatives to promote diversity and inclusion (unconscious bias training, mentorship programs, employee resource groups)
  • Actively engaged in communities and support social and environmental initiatives

Governance Achievements

  • Established a governance structure to promote transparency, accountability, and ethical conduct
  • Comply with all applicable corporate governance codes and regulations
  • Diverse Board of Directors with independent directors
  • Executive compensation program aligned with long-term business goals, reviewed by an independent Compensation Committee

Climate Goals & Targets

Environmental Challenges

  • Environmental risks related to energy consumption and carbon emissions
  • Social risks related to data privacy and security
  • Governance risks related to compliance with corporate governance codes and regulations
Mitigation Strategies
  • Implemented strategies to reduce environmental impact (renewable energy sources, energy-efficient equipment, sustainable business practices)
  • Implemented strategies to protect customer data and ensure responsible and ethical operations
  • Implemented strategies to ensure compliance with corporate governance codes and regulations and maintain high standards of governance and ethical conduct

Supply Chain Management

Climate-Related Risks & Opportunities