Xerox (NYSE: XRX) has been named to the Dow Jones Sustainability World Index (DJSI World) for the first time and the Dow Jones Sustainability North America Index for the third consecutive year.
In the categories of corporate code of conduct, corporate governance and environmental management and reporting, Xerox exceeded the average score of DJSI World Members. Xerox was one of nine companies in the IT and software services sector to make the DJSI industry list and scored higher than most of the other industry members on all DJSI dimensions (economic, environmental and social).
"To be recognized as a leader in sustainability is validation of our long-standing commitment to corporate social responsibility that is core to our business, operations, products and solutions throughout the world,” said Flor Colon, Xerox Corporate Social Responsibility council chair.
Xerox partners with its clients to develop next-generation solutions. Some recent examples in transportation include:
- New trip-planning apps for the cities of Denver, Los Angeles and Bengaluru, India allow commuters to plan their transit journeys from door-to-door using buses, subways, car sharing or other modes of transportation. The apps, Go LA and Go Denver, include an “eco-friendly” option – essentially routes that build in some amount of walking.
- Dynamic pricing strategies are making it easier to find parking spots where and when drivers need them in cities such as Indianapolis and Los Angeles. This reduces congestion and carbon emissions because drivers spend less time circling the block looking for a place to park
- Conversely, electronic toll collection keeps traffic moving – crucial at a time more vehicles are competing for capacity on the same roads. The use of electronic toll collection (ETC) technology gets cars through tollbooths quick, reducing idling time.
David Blitzer, Managing Director and Chairman of the Index Committee, S&P Dow Jones Indices commented, “With 2016 likely to be the hottest year on record, investors are again reminded that companies’ environmental and sustainability efforts are crucial to their financial outcomes. The Dow Jones Sustainability Indices are comprehensive benchmarks of companies that meet RobecoSAM’s sustainability standards and give investors tools to develop global allocations that reflect sustainability factors.”
Launched in 1999, the DJSI World is the gold standard for corporate sustainability and the first global index to track the leading sustainability-driven companies based on RobecoSAM’s analysis of financially relevant Environmental, Social, and Governance (ESG) factors and S&P DJI’s robust index methodology.
RobecoSAM invited the world’s largest 3,400 companies from developed and emerging markets to take part in its annual Corporate Sustainability Assessment (CSA). Only 317 companies, including Xerox, have been chosen as the DJSI World constituents for the year 2015-16.
Xerox is helping change the way the world works. By applying our expertise in imaging, business process, analytics, automation and user-centric insights, we engineer the flow of work to provide greater productivity, efficiency and personalization. Our employees create meaningful innovations and provide business process services, printing equipment, software and solutions that make a real difference for our clients and their customers in 180 countries. On January 29, 2016, Xerox announced its plans to separate into two independent, publicly traded companies – Xerox Corporation, which will be comprised of the company’s Document Technology and Document Outsourcing businesses, and Conduent Incorporated, a business process services company. The company is on track to complete the separation by the end of 2016.