At Teradata, corporate social responsibility is a core tenet of how we do business. While integrity remains a cornerstone of our operating principles, we also feel obligated to take a responsible view of how we can and should impact the world we live in.
A strong commitment to Environmental, Social and Governance (ESG) ethos requires an approach that is not only anchored in our core principles but also one that considers how we can provide both short- and long-term sustainable value. Accordingly, we remain focused on making meaningful ESG commitments across our entire value chain.
Corporate Citizenship, a Calling!
When a company and its stakeholders act responsibly no matter the circumstance, it has a high intrinsic value for people wanting to do business with them.
The ongoing integration of social responsibility into every facet of Teradata’s business has been a central element on our path to value creation. Amidst our transformational Cloud-First journey this focus has remained firm, benefiting from full management and board support.
Keeping Focused on What’s Most Meaningful
There are several key stakeholders who inform how we conduct our business. This includes our employees, customers, investors, suppliers, and partners, who each understand that companies focused on corporate citizenship are more likely to achieve long-term sustainable growth.
Our CEO Steve McMillan wrote in his intro to our 2020 ESG report, “we believe that corporate social responsibility is an expression of our purpose to transform how businesses work and people live through the power of data. In addition —it is both our privilege and our duty to support society with conscientious global citizenship that helps build a better world.”
Governance + Compliance = Doing the Right Thing
At Teradata, we are continuously strengthening the structures and processes designed to ensure accountability, broad-based participation, equity and inclusiveness, and empowerment of all our constituents.
Our collective action includes reducing our carbon footprint, creating a workplace that is diverse and inclusive, helping support the communities where we live and work, having strong corporate governance, and acting ethically in all we do, each and every day.
Accordingly, we have pledged our commitment to the UN Global Compact principles to foster ethical behavior and human rights. This echoes what is of the highest concern to our company and stakeholders, and essential to our ability to succeed as a corporation. In fact, we have achieved the UN Global Compact CoP’s Advanced Designation for many years now.
A More Sustainable Future
The Cloud-First focus of our business strategy supports Teradata’s economic future, as well as our ambitions for mitigating climate change.
2020 taught us nothing if not a lesson in sustainability. Our teams stepped up to support one another, our customers, our partners, and the world at large. In 2020, we lowered our energy use by 17% from 2019, and we reduced our physical office footprint globally by 36%. As we transform our business to the cloud, we are establishing a new goal of 100% improvement in our reduction of Scope 1 and Scope 2 Green House Gas emissions by 2033. And, we plan to keep reviewing and iterating to improve our sustainability metrics long-term.
Whether it is doing business efficiently by optimizing our resources, following supply-chain best practices, or volunteering our time and talent to our local communities, we are constantly striving to be a force for meaningful change wherever we operate. In addition to the environment friendly features that we build into our products, we aim to operate our entire business in a sustainable way.
To thrive, our planet and people need a helping hand from many organizations—Teradata’s commitment is clear and unwavering, and is outlined in our ESG report.
Molly Treese Claire Bramley
Chief Legal Officer Chief Financial Officer