exo-is/governance-reporting-on-listed-companies huggingface dataset:
Keyword: governance
Governance Annually, a cross-section of our first-tier suppliers are In 2023, the RBA audit protocol was changed to feature a Modern Slavery and Forced Labor
requested to participate in RBA-validated audits to gauge distributed assessment of Management Systems within the
Social
their conformance to the RBA code and to IBM’s other four provisions of the Code: Labor, Health and Safety, Over the past decade, there has been growing realization
Environment requirements. If an RBA full audit reveals Environment, and Ethics. This change helps to ensure that of the circumstances surrounding the involuntary
nonconformance, we work with suppliers to review their inadequacies are addressed in subsequent corrective exploitation of individuals under modern slaver
Keyword: governance
Governance Since the passage of Section 1502 of the Dodd-Frank As a complementary activity, IBM’s Responsible Minerals
Financial Reform Act of 2010, our focus has been to team maintains communications with our research
Social
ensure that 3TG minerals (tantalum, tin, tungsten and community to keep them abreast of the challenges in the
Environment gold) used in our products do not contribute directly or marketplace associated with minerals sourcing. This can
indirectly to armed groups in the Democratic Republic of help to influence future development of products. As an
Appendix
the Congo and adjoining countries. We deploy a example, the IBM Almaden Research Center has invented
multifaceted approach that includes robust policies and a battery technology
Keyword: governance
Governance We recognize that a diverse supplier base is integral to our First-Tier Supplier Diversity Spend ($B)† 2023
company’s profitability and strategic objectives —
Social
solidifying the connection between customer satisfaction U.S. $0.9
Environment and success in the marketplace.
Appendix Non-U.S. $0.3
Building and maintaining a community of diverse suppliers
increases IBM’s opportunity to hear new ideas, apply
different approaches, and gain access to additional Total $1.2
solutions that respond to customer needs. Such
collaboration helps IBM deliver innovation, quality
products and world-class service to a growing † In 2023, our second-tier supplier diversity spend was approximately
$0.5B.
global marketplace.
In 2020, IBM set a goal of dedica
Keyword: governance
Governance
Social
Environment
Appendix
Environmental
Impact
IBM 2023
ESG ReportContents
With a 50-plus year commitment to environmental responsibility in all of its business activities
Introduction
and a 34-year history of annual public environmental reporting, IBM continues to take
Governance
deliberate actions to drive real results.
Social
Environment
Appendix
Global Environmental
Management System
IBM’s corporate environmental policy, first We have continuously maintained a single global registration
to the ISO 14001 EMS standard since 1997 and to the ISO
formalized in 1971, provides the strategic
50001 energy management systems standard since 2012. In
framework for our global environmental
addition, our GHG emissions quantification process is cer
Keyword: governance
Governance polyethylene terephthalate (PET) used in textiles and Challenges. This effort builds upon the Phase 1 year of
We proactively engage and collaborate on environmental
packaging and, in 2021, IBM formed the VolCat Technology planning, scoping, and collaborating with key semiconductor
Social matters with stakeholders from a cross-section of
Joint Venture with TEN and Under Armour to develop the industry groups and leading consumer electronics
nongovernmental organizations (NGOs), government agencies,
Environment VolCat Technology into a process robust enough to regenerate manufacturers during 2023.
businesses, industry associations, investors, academia,
dyed PET packaging, polyester textile and cotton-polyester
Appendix communities, and employ
Keyword: governance
Governance which equals or exceeds IBM’s residual emissions. IBM data centers located in facilities managed by third parties
Social Climate Change Correspondingly, aim for residual emissions of 350,000 where IBM does not procure the energy or control the
metric tons of CO -equivalent (mtCO e) or less by 2030. operations of the buildings – also known as co-location data
2 2
Environment centers. All figures contained in this section have been
- With reference to the voluntary Greenhouse Gas adjusted for acquisitions and divestitures.1
Appendix Protocol, our GHG emissions goals address Scope 1 and
Scope 2 (market-based) emissions, as well as Scope 3 Our GHG emissions goals achieve a rate of reduction that
emissions associated with IBM's electricity cons
Keyword: governance
Governance One of the most effective ways to reduce IBM’s GHG 3,000 energy conservation projects to avoid the consumption Total Energy Consumption
emissions is to make our operations more efficient, thereby
of 275,000 MWh of energy from 2021 to 2025. As of year-end
Social reducing our actual consumption of energy, which is our most
2023, we completed 2,130 energy conservation projects
Environment significant source of GHG emissions. towards our 2025 goal, avoiding an estimated 256,000 MWh
of energy consumption.
Appendix IBM’s energy use decreased by 6.6% in 2023 from 2022,
driven by increased operational efficiencies and a continued
Since 1990, we have conserved an estimated 10.1 million
focus on energy conservation. Our global operations
MWh of ener
Keyword: governance
Governance
Our comprehensive approach to reducing the environmental
Social
footprint of our data centers prioritizes energy efficiency and
Environment includes the following strategies:
Appendix
- Space Utilization: We optimize existing data center space to
increase workload density, minimizing energy consumption per
unit of compute power.
- Technology Upgrades: We invest in energy-efficient IT
infrastructure, leveraging advancements in hardware and
software efficiency.
- Leasing Strategy: We prioritize leasing more energy-efficient
co-location data centers equipped with advanced cooling and
power management systems.
In 2021, we established a goal to improve the average data center
cooling efficiency 20% by 2025 against base year 2019.1 In 2023,
our
Keyword: governance
Governance We increased our renewable electricity consumption to
approximately 1,322,000 MWh in 2023, representing
Social
70.6% of our total electricity consumption, up from 65.9%
70%
Environment in 2022. That includes 56.6% contracted directly from
Appendix power suppliers or obtained via landlords, and 14.0% 60% 5% 1%
already in the electricity mix we received from the grid. Biomass
Other
50%
12%
renewables
We remain on track to meet our current goal of procuring
75% of our worldwide electricity consumption from Solar
40%
renewable sources by 2025, and 90% by 2030.
Performance in 2023 was primarily driven by an increased
30%
use of renewables in our offices in India and in two IBM
Cloud data centers in the United States. Overall, 74% of
20%
the ele
Keyword: governance
Governance In 2023, we reduced IBM's operational GHG emissions 68.5% Determining Scope 3 GHG emissions across a company’s IBM has long committed to doing business with suppliers who
against base year 2010, adjusted for acquisitions and value chain can be extremely challenging due to a lack of conduct themselves with high standards of ethical,
Social
divestitures, meeting our 2025 goal two years early. These access to primary source data across multiple entities. We environmental, and social responsibility, and we have goals in
Environment reductions occurred due to our increase in renewable report Scope 3 emissions in five of the fifteen categories place that aim to incentivize key suppliers in emissions-
electricity purchases, our continued focus on
Keyword: governance
Governance IBM designs its products to be energy efficient, to incorporate increased performance, they also contributed to a decrease in In addition, IBM Storage FlashSystem products provide more
recycled content and environmentally preferable materials, compute power per kilowatt delivered of 11% in an IBM z16 power and temperature data for clients to understand their
Social
and to facilitate reuse and recycling at product end-of-life. single frame with 6 configurable processors and 5% in an IBM environmental impact through IBM Storage Insights, a
Environment For more than two decades, we have maintained a goal to LinuxONE Rockhopper 4 with 68 configurable processors.2 cloud-based, AI-driven storage monitoring service.
improve the computing power de
Keyword: governance
Governance
Social and Biodiversity
Environment
Appendix
IBM has comprehensive programs and In 2023, our water withdrawals increased at locations in Paper and Paper/Wood-Based Packaging Sourced
water-stressed regions by 3.4% versus 2022, despite from Sustainably Managed Forests
goals that help conserve natural resources
conservation efforts which avoided withdrawals of
and protect biodiversity.
approximately 25,800 cubic meters. This increase was Our goal is to source paper and paper/wood-based
primarily associated with the continued return of packaging that is directly procured by IBM from
Water Conservation employees to offices. Conservation efforts consisted of sustainably managed forests. Suppliers must provide
replacing irrigated turf areas with
Keyword: governance
Governance Pollinator species are essential for maintaining a diverse Wildlife Habitat Council At year-end 2023,
ecosystem, yet they are in rapid decline. Recognizing the
Social
positive impact we could have on this worldwide issue, in IBM has been a member of the Wildlife Habitat Council 70 pollinator gardens
Environment 2021, IBM established a global program focused on (WHC) for more than 30 years and in 2023, 4 IBM sites were established at
creating, enhancing and restoring pollinator habitats. We (IBM Corporate Headquarters, New York; IBM Research
Appendix
set a goal to plant 50 pollinator gardens at IBM locations Triangle Park, North Carolina; IBM Almaden Research
54
globally by year-end 2023. IBM successfully surpassed Center and IBM Silicon Va
Keyword: governance
Governance
Social and Waste Management
Environment
Appendix
We believe the best way to prevent Nonhazardous Waste
pollution is to avoid the generation of waste
Our nonhazardous waste goal encompasses IBM-owned The waste diversion results were achieved through proper
at its source.
locations and leased locations of 100,000 square feet or management of IBM generated end-of-life IT equipment,
greater worldwide and includes two parts: parts, and product scrap (approximately 44% by weight of
IBM’s total nonhazardous waste generated in 2023);
1. Divert 90% or more (by weight) of our total improved waste collection infrastructure resulting in better
For waste that is generated, we minimize nonhazardous waste from landfill and incineration by sorting of wast
Keyword: governance
Governance As part of IBM's effort to conserve natural resources and To reduce the environmental impacts of our product - Replaced polyethylene (PE) bubble inserts in Jiffy mailers
minimize waste, in 2021 we established a goal to eliminate packaging, IBM set a goal in 2021 to eliminate nonessential with 35% recycled content paper-based inserts. This
Social
nonessential, single-use plastic items (e.g., cups, straws, plastic packaging from IBM logo hardware products by year- project is estimated to avoid the use of 0.16 mt of
Environment cutlery, plates, carry bags, and food containers) from IBM- end 2024. For essential plastic packaging, our goal is to PE annually.
managed cafeteria operations globally by 2025. In 2023, we ensure such packaging is des
Keyword: governance
Governance For many decades, IBM has developed products with When groundwater contamination was first discovered at
consideration for serviceability and upgradability, and for one of our sites in 1977, we voluntarily initiated
Social 2.5% 0.7%
the reuse, recyclability and recoverability of materials groundwater monitoring at our manufacturing and
Environment within them. We have a long-standing goal to reuse or development locations worldwide and that practice Waste-to- Landfill or
energy incineration
recycle end-of-life products such that the amount of continues today. We are committed to taking proactive
Appendix
product waste sent by our operations to landfills or for measures to prevent environmental contamination from
incineration does not excee
Keyword: governance
Governance
Social Environmental Responsibility
Environment
Appendix
- Require key suppliers in emissions-intensive business
IBM has long committed to doing - Convene an annual Sustainability Leadership
sectors to set an emissions reduction goal by 2022,
Symposium to recognize progress and achievement
business with suppliers who conduct addressing their Scope 1 and Scope 2 GHG emissions,
among suppliers in emissions-intensive business
themselves with high standards of ethical, that is aligned with scientific recommendations from the
sectors across applicable areas of
UN IPCC to limit Earth’s warming to 1.5 degrees Celsius
environmental, and social responsibility. environmental stewardship.
above pre-industrial levels.
We support this commitment by set
Keyword: governance
Governance
Energy Transition and Climate Resilience: Transitioning to Responsible Computing and Green IT: Through energy
Social Sustainability renewable energy sources increases supply and demand efficient data centers, compute and storage platforms,
complexity. Weather events impact energy availability and the emissions observability and planning tools, and consulting
Environment infrastructure stability essential to meeting demands. Data and services, IBM helps clients modernize their IT and embed more
AI are key to transforming the increasingly distributed and responsible and sustainable strategies across the IT landscape
Appendix complex electricity grids utility providers will need. IBM to achieve their goals. Clients can design, deploy, manage
Keyword: governance
Governance
Social
Environment
Appendix
Appendix
IBM 2023
ESG ReportContents
Introduction ESG Data Summary
Governance
Social The following tables disclose information about our ESG programs, policies and metrics in reference to the following voluntary reporting frameworks and
initiatives: The Global Reporting Initiative (GRI); the Sustainability Accounting Standards Board (SASB) Software & IT Services industry standards; and
Environment
the United Nations Sustainable Development Goals (SDGs).
Appendix
General
Description GRI SASB SDGs
Organization name International Business Machines Corporation 2-1
Location of headquarters Armonk, NY 2-1
Reporting practice
The current year data presented covers our global operations. Certain supplier and employee-rel
Keyword: governance
Introduction Ethical Impact | Governance
Description 2021 2022 2023 GRI SASB SDGs
Governance
Governance structure 2024 IBM Proxy Statement (pages 8-24); IBM Board Corporate Governance Guidelines ; 2023 IBM Impact Report (pages 9, 12-14) 2-9 8, 16
Social Nomination and selection of the highest governance body 2024 IBM Proxy Statement (pages 8-17, 23) 2-10
IBM Chairman of the Board is CEO Arvind Krishna.
Environment Chair of the highest governance body 2-11
2024 IBM Proxy Statement (pages 4, 18, 21-22); IBM Business Conduct Guidelines; IBM Board Corporate Governance Guidelines
Appendix Role of the highest governance body in overseeing the
2024 IBM Proxy Statement (pages 4, 18, 21-22); 2023 IBM Impact Report (pages 12-14) 2-12
management of impacts
Delegation of responsibility for m
Keyword: governance
Role of the highest governance body in sustainability reporting 2024 IBM Proxy Statement (pages 24, 29-30); 2023 IBM Impact Report (page 9) 2-14
Collective knowledge of the highest governance body 2024 IBM Proxy Statement (pages 5, 8-10, 24, 29-30); 2023 IBM Impact Report (pages 9, 14) 2-17
Evaluation of the performance of the highest governance body 2024 IBM Proxy Statement (pages 8-17, 23) 2-18
Board of directors 2023 IBM Impact Report (pages 12-14) TC-SI-330a.3 8
Average tenure (years) 4.9 5.9 5.9
Non-independent directors 1 1 1
Independent directors 11 11 12
Gender and ethnic diversity 33% 33% 38% 405-1 5
Director nominees with <5 year tenure 8 6 6
Director nominees with 5-10 year tenure 2 4 5
Director nominees with >10 year tenure 2 2 2
Risk management, business et
Keyword: governance
Introduction Ethical Impact | Governance
Description 2021 2022 2023 GRI SASB SDGs
Governance
IBM does not disclose non-compliance unless deemed financially or otherwise material under U.S. accounting and securities laws, rules and
Social regulations. As a publicly traded company, IBM discloses matters and other transactions deemed reportable under the U.S. GAAP and U.S.
Securities and Exchange Commission regulations in IBM’s Forms 2023 10-K, 10-Q, 8-K or other required filings with the U.S. Securities and
Compliance with laws and regulations 2-27
Environment Exchange Commission.
IBM Global Environmental Management System; IBM Product Stewardship; 2023 IBM Impact Report (page 15); 2023 IBM 10-K; 2023 IBM
Appendix Annual Report
Conflicts of interest 2024 IBM Proxy Statement (pages
Keyword: governance
IBM Tax Governance Policy; IBM Business Conduct Guidelines; 2023 IBM Annual Report (pages 78-81); 2024 IBM Proxy Statement 207-1, 207-2,
Tax
As required by OECD guidelines and U.S. tax law, our country-by-country report is filed with the U.S. Internal Revenue service. 207-3, 207-4
Customer health, safety and privacy 3
IBM has not experienced controversies about the safety of IBM's products nor has IBM paid any regulatory or court-imposed fines,
Customer health and safety settlements or awards related to the safety of IBM products or services in the past three years. 416-1, 416-2 16
2023 IBM Impact Report (page 17); IBM Product Stewardship; IBM Global Employment Standards
Product and service information and labeling IBM Global Labeling Guidelines 417-1, 417-2
Keyword: governance
Governance
Employees 2023 IBM Annual Report (page 15); 2022 IBM Annual Report (page 15); 2021 IBM Annual Report (page 15) 2-7, 2-8
Social Total employees (in thousands)
IBM/wholly owned subsidiaries 282.1 288.3 282.2
Environment
Less-than-wholly owned subsidiaries 9.8 8.2 8.7
Appendix Complementary 15.7 14.8 14.4
Employees responded to the annual Engagement Survey 170,000 185,000 187,000 TC-SI-330a.2
Employees that indicated that they were engaged at work 8 out of 10 8 out of 10 8 out of 10 TC-SI-330a.2
Career and development 2023 IBM Impact Report (page 24); IBMer Learning and Development 404-2, 404-3
Total employee learning hours worldwide (M) 22.5 24.3 23.1 TC-SI-330a.2
Average learning hours per regular/full time employee 84 86 85 404-1 TC-SI-330
Keyword: governance
Governance
TC-SI-330a.1,
Diversity and inclusion 2023 IBM Impact Report (pages 32-34); IBM EEO-1; Red Hat EEO-1 405-1 5, 8
Social TC-SI-330a.3
Representation trends 2023 IBM Impact Report (pages 32-33) 405-1
Environment
Overall representation
Appendix
Women (Global) 36.7% 37.2% 37.4%
Black (U.S.) 7.4% 7.7% 7.5%
Hispanic (U.S.) 6.6% 7.0% 7.0%
Native American (U.S.) 0.3% 0.3% 0.3%
Native Hawaiian/Pacific Islander (U.S.) 0.2% 0.2% 0.2%
Pan-Asian (U.S.) 19.2% 19.7% 20.5%
Multi-race (U.S.) 0.9% 0.9% 0.9%
Management representation
Women (Global) 31.0% 31.1% 31.4%
Black (U.S.) 5.6% 5.8% 5.6%
Hispanic (U.S.) 5.0% 5.6% 5.9%
Native American (U.S.) 0.3% 0.3% 0.4%
Native Hawaiian/Pacific Islander (U.S.) 0.1% 0.1% 0.1%
Pan-Asian (U.S.) 17.1% 18.4% 19.6%
Multi-rac
Keyword: governance
Governance
Hiring trends
Social Overall new hires1 Over 79,0001 Over 59,000 Over 30,000 401-1
Women (Global) 40.1% 39.7% 40.5%
Environment
Black (U.S.) 13.8% 13.5% 12.4%
Appendix Hispanic (U.S.) 9.6% 9.8% 8.9%
Native American (U.S.) 0.3% 0.3% 0.5%
Native Hawaiian/Pacific Islander (U.S.) 0.2% 0.3% 0.2%
Pan-Asian (U.S.) 23.5% 24.0% 27.6%
Multi-race (U.S.) 0.7% 0.7% 0.5%
Management new hires
Women (Global) 34.1% 30.4% 33.4%
Black (U.S.) 10.0% 8.8% 5.5%
Hispanic (U.S.) 8.1% 4.0% 10.2%
Native American (U.S.) 0.5% 0.0% 0.0%
Native Hawaiian/Pacific Islander (U.S.) 0.3% 0.4% 0.0%
Pan-Asian (U.S.) 19.4% 22.9% 27.3%
Multi-race (U.S.) 0.3% 0.0% 0.0%
Technical new hires
Women (Global) 34.0% 32.5% 32.8%
Black (U.S.) 11.6% 11.5% 11.7%
Hispanic (U.S.) 8.9% 8.6% 6.7
Keyword: governance
Governance
203-1, 203-2,
Community development 2023 IBM Impact Report (pages 35-38) 2, 6, 7, 11
Social 413-1
Total contributions worldwide ($M)1 $474.1 $447.9 $386.9
Environment
Contributions by type
Appendix Technology $387.8 $338.4 $307.8
Services $42.1 $64.7 $52.4
Cash $44.2 $44.8 $26.7
Contributions by region
Europe, Middle East, Africa $167.9 $151.1 $144.7
Asia Pacific $150.4 $103.3 $105.2
North America $109.4 $171.6 $116.8
Latin America $46.4 $21.8 $20.1
Worldwide retiree and employee volunteer hours 440,000 431,000 543,000
IBM operates in more than 175 countries and in many of them our workforce is represented by unions and collective bargaining agreements
(CBA) are in place. However, the level of the CBA (enterprise, sector, cross-sector or a
Keyword: governance
Governance
Supply chain social responsibility 2023 IBM Impact Report (pages 39-42); IBM Supply Chain Responsibility; IBM Supplier Diversity 414-1, 414-2 5, 8, 16, 17
Social First-tier supplier diversity spend ($B) 204-1
U.S. $0.9
Environment
Non-U.S. $0.3
Appendix Total worldwide $1.2
Supplier RBA full audits and re-audits by country Full audit Re-audit Total
Brazil 2 2 4
Bulgaria 0 1 1
Chile 5 4 9
China 22 15 37
Columbia 0 1 1
Czech Republic 2 1 3
Germany 3 1 4
Greece 1 0 1
Hungary 1 1 2
India 9 5 14
Italy 2 0 2
Japan 4 1 5
Korea 1 1 2
Malaysia 3 1 4
Mexico 10 5 15
Philippines 3 2 5
Romania 1 2 3
Singapore 3 1 4
Taiwan 5 3 8
Thailand 3 0 3
UAE 1 1 2
United States 1 0 1
Total 82 48 130
IBM 2023
ESG Report 67Contents
Introduction Equitable Impact | So
Keyword: governance
Governance
Supplier RBA full audits - Top 10 nonconformances to RBA
Priority & major nonconformance Minor nonconformance Total
Social code provisions
Labor - Management systems 11.7% 0.8% 12.5%
Environment
Health & safety - Management systems 10.7% 1.2% 11.9%
Appendix Emergency preparedness 8.3% 2.1% 10.4%
Working hours 5.7% 4.4% 10.1%
Ethics 7.1% 0.0% 7.1%
Occupational safety 6.0% 0.2% 6.2%
Environmental management systems 5.7% 0.0% 5.7%
Freely chosen employment 3.0% 1.7% 4.7%
Wages and benefits 3.5% 1.0% 4.5%
Occupational injury and illness 2.6% 0.4% 3.0%
Improved nonconformance rates from re-audits Full audits Re-audits —
Working hours (Lab) 15.3% 7.4% —
Emergency preparedness (H&S) 10.9% 0.6% —
Occupational safety (H&S) 7.0% 0.6% —
Freely chosen
Keyword: governance
Governance
Global environmental management system ISO 14001; ISO 50001; ISO 14064-1; 2023 IBM Impact Report (page 44)
Social 302-1, 302-2,
Energy consumption 2023 IBM Impact Report (page 46) TC-SI-130a.1 7, 8, 11, 12, 13
302-4, 302-5
Environment Total operational energy consumption (MWh) 2,837,000 2,529,000 2,486,000 2,448,000 2,287,0001
Due to the wide range of services and activities associated with IBM operations, IBM does not report an energy intensity metric for
Appendix Energy intensity 302-3
our operations.
Data center energy efficiency 2023 IBM Impact Report (page 48) TC-SI-130a.3 7, 8, 9, 11, 12, 13
Renewable electricity 2023 IBM Impact Report (page 46) TC-SI-130a.1 7, 8, 11, 12, 13
Renewable electricity procurement as percentage of total
el
Keyword: governance
Governance
306-1, 306-2,
Nonhazardous waste 2023 IBM Impact Report (pages 54-56) 12
Social 306-5
Total generated (metric tons x 1,000) 31.5 22.1 20.7 14.8 16.5 306-3
Environment Percent by weight diverted from landfill or incineration
87.3% 83.3% 94.2% 93.8% 94.2% 306-4
(goal 90% by 2025)
Appendix
Percent by weight of diverted waste sent to waste-to-
energy processes (goal no more than 10%, established — — 9.7% 11.9% 10.0%
in 2021)
Hazardous waste IBM Pollution Prevention 306-1, 306-2 12
Product packaging and materials use 2023 IBM Impact Report (pages 52, 54-56) 301-3 12
301-1, 301-2,
Product reuse and recycling 2023 IBM Impact Report (pages 54-56) 12
301-3
Total end-of-life products and product waste processed (mt x
20.8 16.9 18.0 12.4 12.4
1,000)
Keyword: governance
Governance
Social Recognition Highlights
Environment
Appendix
IBM is recognized every year for its Disability:IN | 2023 Best Place to Work for Disability Newsweek | 2023: America's Greenest Companies,
Inclusion America's Greatest Workplaces for Diversity, America's
corporate responsibility efforts by
Greatest Workplaces for Parents and Families, America's
publications, advocacy groups,
Ethisphere | 2023 World’s Most Ethical Companies Greatest Workplaces for LGBTQ+
governments, and NGOs worldwide.
Forbes | 2023: World's Best Employers, Top 100 Net Zero SEAL Awards | 2023 SEAL Sustainable Product
Below are highlights of our recognition
Leaders, Best Employers for Diversity, Best Employers for Award - IBM z16
from 2023.
Women, America's Best Employers f
Keyword: governance
Black Enterprise | 2023 Best Companies for Diversity, IDC | 2023 Worldwide AI Governance Platforms Vendor
Equity & Inclusion Assessment Leader USA Today | 2023 America's Climate Leaders
Comparably | 2023: Best CEOs, Best Company Culture, Institute of Directors, India | 2023 Golden Peacock U.S. Chamber of Commerce Foundations | 2023 Citizens
Best Company for Women, Best Company for Diversity, Global Award for Sustainability Award - IBM Sustainability Accelerator
Best Company Compensation, Happiest Employees, Best
Company Work-Life Balance, Best CEOs for Women, Best JUST Capital | 2023 JUST 100
CEOs for Diversity, Best Career Growth, Best Leadership
Teams, Best Company Outlook, Best Global Culture
IBM 2023
ESG Report 71Contents
Introduction Top Suppliers
Governance
Social
Environment
IBM’s Production and Logistics Procurement su
Keyword: bribe
anti-bribery compliance
° Political activity
° Government Contracting
We empower associates to speak up when our ethical 
standards are not being met. We encourage them to 
voice concerns, express doubts, discuss problems 
and ask questions. In addition to sharing concerns 
with any member of their management team or a 
human resources partner, associates can report 
ethical or legal concerns to our Associate AwareLine, 
a 24/7 hotline. Reports can be made via 
thdawareline.com or through a live operator available 
in local languages. Associates may remain anonymous 
when reporting concerns.
ASSOCIATE AWARELINE
1-800-286-4909
Reports are handled using a case management 
system. We have a longstanding policy that prohibits 
retaliation for making a repo
Keyword: bribe
including FCPA/anti-bribery and our 
whistleblower program
° Data protection and cybersecurity
° Internal audit and related 
investigatory matters
° Product quality and safety and 
associate and customer safety
° Long-range strategic planning
° Long-range financial outlook and 
finance-related risks
° Capital structure, including 
investments and capital allocation 
principles
° Annual capital plan and key capital 
investments
° Merger and acquisition strategy
° Senior executive compensation
° Senior executive succession planning
° Overall risk related to the Company’s 
compensation policies and practices
° Human capital management
° Non-employee director compensation
° Diversity, equity and inclusion, 
including pay equity
° Corporate governance
° Director successio
Keyword: corruption
GRI 205: Anti-corruption 2016
205-1 Operations assessed for risks related 
to corruption
Proxy Statement pgs. 6-7
205-2 Communication and training about anti-
corruption policies and procedures
Code of Conduct, Responsible Sourcing and Human Rights
Corporate Website – Investor Relations > Corporate Governance: Business Code of Conduct and Ethics
GRI 207: Tax 2019
207-1 Approach to tax
Corporate Taxes
207-2 Tax governance, control, and 
risk management
Corporate Taxes
207-3 Stakeholder engagement and management 
of concerns related to tax
Corporate Taxes
207-4 Country-by-country reporting
Corporate Taxes
GRI 301: Materials 2016
301-1 Materials used by weight or volume
Circularity, Recycle, Repair, Reuse, ESG Transparency
301-2 Recycled input materials used
Circular
Keyword: tax
Corporate Taxes
102
Data Security & Privacy
104
ESG PERFORMANCE DATA AND
REPORTING FRAMEWORKS
107
ESG Transparency
108
Global Reporting Initiative
(GRI) Standards
111
Sustainability Accounting
Standards Board (SASB)
Disclosure Matrix
118
Task Force on Climate-Related
Financial Disclosures (TCFD)
Framework
121
EEO-1 Report
123
Resources
124
About This Report
The Home Depot publishes our annual ESG Report to 
share our ESG activities with our stakeholders in a timely, 
transparent manner. We include details on our approach, 
our policies and practices, our metrics, targets and goals, 
and our stakeholder engagement.
Reporting Period and Scope
Unless otherwise noted, we report on activities that were 
taken during our 2022 fiscal year, which started on Janua
Keyword: tax
° Corporate Taxes 
° Business Code of 
Conduct and Ethics
Downstream
 
CUSTOMERS
 
END OF LIFE
 
COMMUNITIES
° Eco Actions Program/
Products 
° Tool and Equipment 
Rental
° Recycling
° Responsible Waste Management
° The Home Depot 
Foundation 
° Team Depot
2022 RATINGS & RECOGNITION
Leading third-party sustainability rating organizations monitor and report on our progress. Below are some key ratings for our Company in 2022.
Assesses action on climate change; 
score was based on 2021 data, the 
latest available
Analyzes corporate environmental, 
social and governance (ESG) progress
Measures ESG risk and performance 
of publicly traded companies
Measures resilience to long-term, 
financially relevant ESG risks
Identifies The Home Depot as 
addressing our envi
Keyword: tax
Human Resources, Internal Audit, Investor Relations, Legal, Sustainability and Tax 
° Meets quarterly, with working group members meeting more frequently as needed 
° Identifies key ESG-related issues and ensures our ESG strategies support the business and long-term value 
creation 
SUSTAINABILITY COUNCIL
° Chaired by Chief Sustainability Officer and composed of representatives from different areas of business, 
such as Merchandising, Operations, Supply Chain, Energy Management and Packaging 
° Meets twice a year - informed by those discussions, the Chair of the Sustainability Council provides updates 
to the Board on a periodic basis as requested 
° Communicates stakeholder feedback internally
° Discusses the progress of Company sustainability initiatives and future opportunities
ESG Priority Assessment
We understand ou
Keyword: tax
future while taking advantage of tax savings. Eligible 
associates who contribute to the plan get up to 3.5% 
of eligible compensation in matching contributions 
from the Company.
Employee Stock Purchase Plan (ESPP): 
Twice-a-year plans provide a 15% discount on Home 
Depot stock. Associates who enroll may set aside up 
to 20% of eligible pay (up to $21,250 annually) to 
purchase stock.
Personal finance education: All associates have 
access to a suite of online webinars, activities, tools 
and resources designed to help them increase 
financial knowledge and build their confidence to help 
relieve money-related stress.
Alight Financial Advisors®: Associates have access 
to independent advisory services to help them gauge 
whether they’re on track for retirement.
Insurance: T
Keyword: tax
Corporate Taxes
102
Data Security & Privacy
104
Overview
Focus on Our People
Operate Sustainably
Strengthen Our Communities
Our Business
Reporting Frameworks
We understand our responsibility to behave ethically, to understand the 
impact we have on people and communities, and to fairly consider the 
interests of a broad base of stakeholders.
CODE OF CONDUCT
Doing the Right Thing is embedded in our culture. That applies to how we serve customers, 
give back to communities, support our people and conduct our business. 
Our Business Code of Conduct and Ethics provides 
straightforward information about The Home Depot’s 
operating principles and offers tools to help 
associates make decisions that align with our ethical 
and legal obligations. The code applie
Keyword: tax
collaboration between our Government Relations, Tax and Strategic 
Business Development teams, along with PwC, includes information 
about employment numbers, taxes and community involvement. The 
map gives a state-by-state breakdown so customers and associates 
can easily see the impact in their communities.
DID YOU KNOW
CORPORATE TAXES
We do the right thing for our associates, shareholders and communities by ensuring we pay our fair share of taxes and manage them transparently.
Taxes are a significant component of The Home 
Depot’s economic contribution to the countries, 
states and local communities in which we operate. 
Our commitment to our Core Values informs how we 
approach taxes. Responsible management of The 
Home Depot’s taxes includes:
Accountability & Governance
Tax governance
Keyword: tax
regarding our approach to managing taxes. Learn 
more about our Corporate Governance structure on 
page 97.
Risk Management
We identify and manage risks associated with taxes, 
including:
° Legislative uncertainty
° Reputational risk, including that a tax position taken 
by the Company may not be consistent with our 
guiding principles or may expose the Company to 
negative publicity
° Scarcity of talented tax professionals to recruit and 
hire as associates
Compliance
We comply with tax laws in the jurisdictions in which 
we operate, including reporting and paying our taxes 
in a timely manner by:
° Employing appropriate resources and controls to 
ensure that our tax reporting is accurate and 
complete
° Supporting audits of our tax reporting and control 
environment by our inte
Keyword: tax
° Engaging proactively and transparently with tax 
authorities, when appropriate, to seek clarity, 
guidance or agreement on tax positions
Alignment with Our Business
Our corporate entity structure reflects the alignment 
with our commercial activities to ensure that we pay 
our fair share of tax commensurate with our business’ 
geographical footprint and operations within a 
jurisdiction. Additionally, we seek and claim tax 
incentives that:
° Align with our business
° Are consistent with the statutory or regulatory 
framework
° Drive economic development and job creation in 
the communities in which we operate
Overview
Focus on Our People
Operate Sustainably
Strengthen Our Communities
Our Business
Reporting Frameworks
2023 THE HOME DEPOT ESG REPORT
102
Stakeholder Engagement
We actively
Keyword: tax
governments; tax authorities; trade associations; and 
other business groups to advocate for policies that 
align with our approach to tax management, including 
the ways we:
° Support tax policies that drive a vibrant, 
competitive and growing economy allowing 
continued meaningful investments in our company 
and our people
° Staff our stores based upon revenue generated 
within the stores; thus, a strong economy that 
includes balanced taxation policy drives revenue 
that supports employment
THE HOME DEPOT’S
2022 TAX PAYMENTS1
Federal Income Tax
State Income Tax2
$3.96 billion
$940 million
Foreign & Territorial 
Income Tax3
Other Income & 
Business Taxes4
$540 million
$1.02 billion
Property Taxes
Sales Taxes5
$698 million
$10.68 billion
Payroll Taxes6
To
Keyword: tax
These amounts reflect actual cash taxes paid which do not include deferred taxes, but do include foreign withholding taxes.
2
State income taxes and franchise taxes based on income.
3
Income taxes paid in Canada, Mexico, China, Puerto Rico, Guam and the U.S. Virgin Islands.
4
Taxes paid for franchise taxes not based on income in U.S. states and India; Licenses & Permits paid to U.S. states and territories; and duties paid to the U.S., Canada and Mexico on imported products.
5
Includes all sales taxes and use taxes.
6
Unemployment taxes; Federal Insurance Contributions Act (FICA) contributions; and federal and state income taxes withheld on behalf of THD associates based on calendar year 2022 earnings.
Overview
Focus on Our People
Operate Sustainably
Strengthen Our Communities
Our Business
Reporting Frameworks
2023 THE HOME DEPOT ESG REPORT
103
BY THE NUMBERS
T
Keyword: tax
income taxes
collected by the U.S. government in 2022
Paid, in aggregate, approximately
1% of the total net corporate 
income taxes
collected by the 50 states and DC
Our Company files
10,000+
sales tax returns every year
We own, lease and pay property taxes on
3,000+ buildings
worldwide, including stores, distribution 
centers and offices
DATA SECURITY & PRIVACY
We believe that ensuring a safe and secure 
digital environment is part of our commitment 
to deliver excellent customer service. 
We value and respect the privacy of our 
customers, associates, service providers and 
business partners.
Our approach to data security and privacy enables us 
to drive a collectively secure culture and reinforces our 
commitment to protecting privacy. Among other a
Keyword: tax
Government Relations, Corporate Taxes, Data Security & Privacy
Proxy Statement pgs. 4-8
Corporate Website – Investor Relations > Corporate Governance > Committee Members & Charters
2-13 Delegation of responsibility for 
managing impacts
Oversight of ESG, Responsible Sourcing and Human Rights, Corporate Governance, Government Relations, 
Corporate Taxes, Data Security & Privacy
2-14 Role of the highest governance body in 
sustainability reporting
Oversight of ESG
2-15 Conflicts of interest
Proxy Statement pgs. 10-12
Corporate Website – Investor Relations > Corporate Governance: Business Code of Conduct and Ethics, 
Corporate Governance Guidelines
2-16 Communication of critical concerns
ESG Priority Assessment, Code of Conduct
Proxy Statement pgs. 8, 13
Corporate Website – Inves
Keyword: tax
Government Relations, Corporate Taxes, Data Security & Privacy
Proxy Statement pgs. 4-7
Corporate Website – Investor Relations > Corporate Governance: Business Code of Conduct and Ethics, 
Corporate Governance Guidelines
2-25 Processes to remediate negative impacts
Operate Sustainably, Responsible Sourcing and Human Rights
Corporate Website – Investor Relations > ESG Investors 
2-26 Mechanisms for seeking advice and 
raising concerns
ESG Priority Assessment, Code of Conduct
Proxy Statement pgs. 8, 13
Corporate Website – Investor Relations > Corporate Governance: Business Code of Conduct and Ethics, 
Corporate Governance Guidelines
2-27 Compliance with laws and regulations
Code of Conduct, Responsible Sourcing and Human Rights
Form 10-K pgs. 10, 19
Corporate Website – Investor
Keyword: tax
Corporate Taxes
201-2 Financial implications and other risks and 
opportunities due to climate change
2022 CDP Climate Change response
201-3 Defined benefit plan obligations and other 
retirement plans
Benefits
Form 10-K, pg. 61 and Form 11-K
Proxy Statement pgs. 55, 67
GRI 203: Indirect Economic Impacts 2016
203-1 Infrastructure investments and 
services supported
Carbon Emissions Reduction, Strengthen Our Communities
203-2 Significant indirect economic impacts
Promoting Customer Eco Actions, Strengthen Our Communities, ESG Transparency
Corporate Website – About Us > Economic Impact
GRI 204: Procurement Practices 2016
204-1 Proportion of spending on local suppliers
Supplier Diversity
GRI 205: Anti-corruption 2016
205-1 Operations assessed for risks relat
Keyword: tax
GRI 207: Tax 2019
207-1 Approach to tax
Corporate Taxes
207-2 Tax governance, control, and 
risk management
Corporate Taxes
207-3 Stakeholder engagement and management 
of concerns related to tax
Corporate Taxes
207-4 Country-by-country reporting
Corporate Taxes
GRI 301: Materials 2016
301-1 Materials used by weight or volume
Circularity, Recycle, Repair, Reuse, ESG Transparency
301-2 Recycled input materials used
Circularity, Recycle, Repair, Reuse, ESG Transparency
301-3 Reclaimed products and their 
packaging materials
Circularity, Recycle, Repair, Reuse, ESG Transparency
GRI STANDARD / DISCLOSURE
LOCATION
Overview
Focus on Our People
Operate Sustainably
Strengthen Our Communities
Our Business
Reporting Frameworks
2023 THE HOME DEPOT ESG REPORT
114
Keyword: governance
This report covers The Home Depot’s environmental, social and governance 
(ESG) progress in our fiscal year 2022.
CEO LETTER
3
OVERVIEW
5
About Home Depot
6
Our ESG Value Chain
8
2022 Ratings & Recognition
9
Our ESG Goals and Progress
10
2022 ESG Highlights
14
Our Approach to ESG
18
FOCUS ON OUR PEOPLE
25
Diversity, Equity & Inclusion
27
Associate Safety
33
Associate Engagement
35
Learning & Development
38
Benefits
40
The Homer Fund
45
OPERATE SUSTAINABLY
46
Carbon Emissions Reduction
50
Sustainable Forestry
56
Circularity
58
Water Conservation
65
Responsible Chemistry
67
Promoting Customer Eco Actions
70
Overview
Focus on Our People
Operate Sustainably
Strengthen Our Communities
Our Business
Reporting Frameworks
Unless otherwise noted, we report on activities that fall in our fiscal year (FY) 2022, which start
Keyword: governance
Corporate Governance
97
Government Relations
99
Corporate Taxes
102
Data Security & Privacy
104
ESG PERFORMANCE DATA AND
REPORTING FRAMEWORKS
107
ESG Transparency
108
Global Reporting Initiative
(GRI) Standards
111
Sustainability Accounting
Standards Board (SASB)
Disclosure Matrix
118
Task Force on Climate-Related
Financial Disclosures (TCFD)
Framework
121
EEO-1 Report
123
Resources
124
About This Report
The Home Depot publishes our annual ESG Report to 
share our ESG activities with our stakeholders in a timely, 
transparent manner. We include details on our approach, 
our policies and practices, our metrics, targets and goals, 
and our stakeholder engagement.
Reporting Period and Scope
Unless otherwise noted, we report on activities that were 
taken during o
Keyword: governance
Social and Governance (ESG) strategy: Focus on Our People, 
Operate Sustainably, and Strengthen Our Communities. We 
believe our efforts in these areas give us a competitive 
advantage and create long-term value for our associates, 
customers, communities and other stakeholders.
ABOUT HOME DEPOT
We’re proud to be the world’s largest home improvement retailer. In more than 2,300 stores across North America, we aspire to excel in service – 
to our customers, associates, communities and shareholders. That’s what leadership means to us.
2022: Our Business
2022: Our Performance
2,007
stores in the U.S.
Over 470,000
orange-blooded associates
Grew sales 4.1% to over
$157 billion
Opened
6
new stores
182
stores in Canada
More than 2,000,000
products sold online
Diluted
Keyword: governance
We are also committed to governance best 
practices to ensure responsible business 
practices around topics such as human rights, 
political involvement, and data security 
& privacy.
Upstream
 
RAW
MATERIALS
 
 
PRODUCT
MANUFACTURING
SUSTAINABILITY
° Sustainable Forestry
° Supplier Diversity Program
° Strategic Supplier 
Sustainability Goals
° Responsible Chemistry
° Circularity and Sustainable 
Packaging
° Energy- and Water-Saving 
Products
Our Operations
 
SOURCING AND
DISTRIBUTION
  ASSOCIATES
 
STORE
OPERATIONS
 
STORE SUPPORT
CENTERS
° Efficient Distribution 
Centers and 
Warehouses
° Optimized 
Transportation
° Responsible Sourcing
° Diversity, Equity and 
Inclusion (DEI) and 
Pay Equity
° Competitive Wages 
and Benefits
° Learning and 
Development
° Associate 
Engage
Keyword: governance
° Corporate Governance 
° Data Security and Privacy 
° Government Relations 
° Corporate Taxes 
° Business Code of 
Conduct and Ethics
Downstream
 
CUSTOMERS
 
END OF LIFE
 
COMMUNITIES
° Eco Actions Program/
Products 
° Tool and Equipment 
Rental
° Recycling
° Responsible Waste Management
° The Home Depot 
Foundation 
° Team Depot
2022 RATINGS & RECOGNITION
Leading third-party sustainability rating organizations monitor and report on our progress. Below are some key ratings for our Company in 2022.
Assesses action on climate change; 
score was based on 2021 data, the 
latest available
Analyzes corporate environmental, 
social and governance (ESG) progress
Measures ESG risk and performance 
of publicly traded companies
Measures resilience to long-term, 
financia
Keyword: governance
° Our Corporate Governance and Code of Conduct policies detail our 
commitment to workplace diversity, equity and inclusion. (Page 97)
Sustainable 
Cities and 
Communities
° By the end of fiscal year 2022, The Home Depot Foundation had invested 
over $450 million in veteran causes, with over $100 million dedicated to 
veteran homelessness since 2011. (Page 85)
° The Foundation committed more than $7 million in 2022 to disaster 
response. (Page 90)
° The Homer Fund granted $2.2 million through 4,500+ grants to support 
our associates affected by natural disasters in 2022. (Page 45)
° In 2022, we sold approximately $10.4 billion and approximately $2.0 
billion in energy- and water-saving products, respectively, to our 
customers. (Page 110)
Responsible 
Consumption 
a
Keyword: governance
Governance (NCG) Committee, with support from our 
Leadership Development and Compensation (LDC) 
and Audit Committees.
The Board of Directors:
° Receives an annual report on our corporate 
social responsibility and sustainability strategy 
and activities, including a discussion of our 
ESG efforts, communications and reporting 
° Periodic review of ESG oversight structure 
° Receives quarterly reports from Committee 
chairs on ESG matters discussed at the 
Committee level, as well as quarterly updates 
on safety
As part of its periodic review of the management and 
oversight structure of ESG matters, in 2022, the Board 
updated the oversight of our ESG activities, shifting 
oversight of our responsible sourcing program and 
related supply chain risk
Keyword: governance
Governance to learn more about our broader 
governance structure and practices.
Overview
Focus on Our People
Operate Sustainably
Strengthen Our Communities
Our Business
Reporting Frameworks
2023 THE HOME DEPOT ESG REPORT
19
Board Committees
NCG COMMITTEE
° Has primary responsibility for oversight of ESG matters generally and their alignment with business priorities 
° Reviews and makes recommendations to the Board, as appropriate, regarding our ESG practices and 
operational initiatives 
° Oversees responsible sourcing program and related supply chain risks 
° Oversees corporate political activity 
° Receives reports on ESG shareholder engagement, investor feedback and general 
ESG-related developments
LDC COMMITTEE
AUDIT COMMITTEE
° Oversees human c
Keyword: governance
ESG GOVERNANCE COMMITTEE
° Provides management-level oversight and coordination of ESG efforts
° Chaired by a member of our senior leadership team and composed of representatives across several 
business functions including Communications, Corporate Governance, DEI, Finance, Government Relations, 
Human Resources, Internal Audit, Investor Relations, Legal, Sustainability and Tax 
° Meets quarterly, with working group members meeting more frequently as needed 
° Identifies key ESG-related issues and ensures our ESG strategies support the business and long-term value 
creation 
SUSTAINABILITY COUNCIL
° Chaired by Chief Sustainability Officer and composed of representatives from different areas of business, 
such as Merchandising, Operations, Supply Chain,
Keyword: governance
page: ESG Investors. Our annual ESG report incorporates the input and efforts of our ESG Governance Committee, shareholder feedback and recommendations from 
other stakeholders.
Academia
We access independent research studies on our industry to incorporate the latest insights into our 
business. We partner with universities to develop programs that support our priorities and help educate 
the next generation of business leaders.
“Collaborate with us on customer 
trends and habits to aid our 
research.”
Associates
We survey our over 470,000 associates to measure their job satisfaction and emotional response to their 
work. We encourage our associates to raise concerns with their immediate managers. If needed, they 
also have the option of anonymously reporting concerns to our AwareLine or HR Service Center Hotlines.
“Empower us to be cont