IBM launches framework for achieving ESG goals

IBM has unveiled IBM Impact, which the Armonk-headquartered company described as a new framework for its environmental, social and governance (ESG) goals.

Unveiled as part of its 2021 IBM ESG Report, the IBM Impact framework offers a series of commitments that include achieving net zero greenhouse gas emissions by 2030, diverting 90% of non-hazardous waste from landfill and incineration by 2025 and initiating 100 client engagements or research projects with environmental benefits by 2025.

The framework also seeks to increase diversity, equity and inclusion by providing 30 million people of all ages with new job skills by 2030, generating 4 million in volunteer hours by 2025, investing $250 million in apprenticeships and “new collar” programs by 2025 and dedicating 15% of its first-tier supplier spending to Black-owned suppliers by 2025.

Furthermore, the framework aims to engage 100% of IBM suppliers in what it described as “sound practices: while continuing to pursue diversity linked pay modifier for senior leaders.

“IBMers have always applied their time, talent, and technology to make a meaningful impact in the world, evolving the nature of their work over time to meet the most urgent needs of society,” said Arvind Krishna, IBM chairman and CEO, in a press statement. “As always, we stand ready to collaborate with our clients, partners, and governments to build a safer, more equitable and peaceful future.”