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IBM launches framework to achieve ESG objectives

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

Unveiled as part of its IBM ESG 2021 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 of landfill and incineration by 2025 and the launch of 100 customer commitments or research projects with environmental benefits by 2025.

The framework also aims to increase diversity, equity and inclusion by providing 30 million people of all ages with new job skills by 2030, generating 4 million volunteer hours by 2025, investing $250 million in apprenticeship and “new collar” programs by 2025 and directing 15% of its Tier 1 vendor spend to Black-owned vendors by 2025.

In addition, the framework aims to engage 100% of IBM suppliers in what it describes as “sound practices: while continuing to pursue a diversity-related compensation modifier for senior executives.

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