OpenText Zeroes-In on Ambitious ESG Targets and Programs
Company announces new initiative to help advance its environmental, social, and governance goals over the next several decades
WATERLOO, ON, Sept. 13, 2022 /CNW/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), today announced the launch of the OpenText Zero-In Initiative, the company's guiding framework to achieving global impact goals related to its Environmental, Social, and Governance (ESG) commitments and programs. Affirming the OpenText promise of harnessing the power of technology for the greater good, the OpenText Zero-In Initiative is focused on specific, measurable goals that will leverage data to enable the organization to help move the dial on critical global challenges.
"At OpenText, we believe the future of growth is both sustainable and inclusive," said Mark J. Barrenechea, OpenText CEO and CTO. "The OpenText Zero-In Initiative defines our long-term aspirations and outlines our tangible plans and programs to achieving our bold aspirations. OpenText is in a unique position to enable our customers to be climate innovators through digital transformation, as well as by leading by example. And we intend to do just that."
The OpenText Zero-In Initiative is centered around three pillars:
OpenText recently released its annual Corporate Citizenship Report which outlines the OpenText Zero-In Initiative in detail and provides a baseline for tracking the business' success against its ESG aspirations. The OpenText Zero-In Initiative includes ambitious targets that OpenText believes will help drive real and lasting impact.
"The launch of the OpenText Zero-In Initiative enables us to continue to give back to our employees, our customers, and our communities, while zeroing-in on what matters most," added Barrenechea. "We intend to bring software and innovative technologies to market to enable our customers and ourselves to have a significant and immediate impact on ESG and climate goals."
Zeroing-in on stories that made an impact
Throughout the past year, OpenText has brought several initiatives and programs to life that closely align with and support the company's zero-in goals, including:
To learn more about the OpenText Zero-In Initiative, the company's goals, plans, and programs that are already in place in support of those goals, visit Corporate Citizenship Report 2022: Introducing Our Zero-In Initiative - OpenText Blogs.
Read the 2022 Corporate Citizenship Report at this link.
Learn more about how to Be a Climate Innovator at this link.
This press release contains forward-looking statements. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, and created under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, the Securities Act (Ontario) and Canadian securities legislation in each of the provinces of Canada. All statements other than statements of historical facts are statements that could be deemed forward-looking statements. When we use words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "may," "could," "would", "will" and variations of these words or similar expressions, we do so to identify forward-looking statements. In addition, any statements that refer to expectations, beliefs, plans, projections, objectives, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements, and are based on our current expectations, forecasts and projections about the operating environment, economies and markets in which we operate. Forward-looking statements reflect our current estimates, beliefs and assumptions, which are based on management's perception of historic trends, current conditions and expected future developments, as well as other factors it believes are appropriate in the circumstances. Legislative and regulatory changes, market developments and/or changes in data availability and reliability could materially affect the estimates, beliefs and assumptions used by us, and could materially affect the comparability of the information and data across industries or companies and from one reporting period to a subsequent reporting period. Any commitments, goals and targets discussed in this press release or our Corporate Citizenship Report, including our commitments, goals and targets related to our OpenText Zero-In Initiative, are aspirational and there can be no assurance that any such commitments, goals or targets will be achieved. These forward-looking statements are based on certain assumptions and involve known and unknown risks as well as uncertainties. The actual results that we achieve may differ materially from any forward-looking statements, which reflect management's current expectations and projections about future results only as of the date hereof. We undertake no obligation to revise or publicly release the results of any revisions to these forward-looking statements. Also, while certain matters discussed in this press release or our Corporate Citizenship Report may be of interest to other parties, the use of the terms "material", "significant", "important" or similar words or phrases should not be read as rising to the level of materiality used for purposes of our filings with the Securities and Exchange Commission (SEC) or other securities regulators. No part of this press release or our Corporate Citizenship Report shall be taken to constitute an invitation or inducement to invest in us and shall not be relied upon in any way in connection with any investment decision. For additional information with respect to risks and other factors which could occur, see our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made.
Copyright © 2022 OpenText. All Rights Reserved. Trademarks owned by OpenText. One or more patents may cover this product(s). For more information, please visit https://www.opentext.com/patents.
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SOURCE Open Text Corporation
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