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