Month: February 2025

Long-term commitment to acquire renewable energy credits from a new solar projectMatches 100% of Keysight’s electricity consumption in the United States 

SANTA ROSA, Calif., February 18, 2025 /3BL/ – Keysight Technologies, Inc. (NYSE: KEYS), signed a virtual power purchase agreement (VPPA) with Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, to acquire renewable energy credits produced by a 39 megawatt (MW) portion of the Phase III expansion at the Millers Branch Solar Facility.

The VPPA allows Keysight to support renewable energy development, demonstrating Keysight’s commitment to mitigate the worst impacts of climate change. Phase III of the project located in Haskell County, Texas, is expected to achieve commercial operation in the first quarter of Keysight’s fiscal year 2027.

Keysight’s portion of the project is estimated to generate renewable electricity equivalent to 100% of the company’s electricity consumption in the United States and Canada. This commitment will result in significant progress towards Keysight’s renewable electricity initiatives, near-term science-based targets, and goal to achieve net zero greenhouse gas emissions in company operations by the end of fiscal year 2040.

Ingrid Estrada, Chief People and Administrative Officer at Keysight, said: “We are proud to support the development of new renewable electricity and reduce global greenhouse gas emissions. By signing our first VPPA, Keysight is taking a huge step in our sustainability journey, and we look forward to making continued progress in this space.”

Resources:

Corporate Social Responsibility webpage: Keysight CSR Report: Keysight’s 2023 CSR Report

About Keysight Technologies 

At Keysight (NYSE: KEYS), we inspire and empower innovators to bring world-changing technologies to life. As an S&P 500 company, we’re delivering market-leading design, emulation, and test solutions to help engineers develop and deploy faster, with less risk, throughout the entire product life cycle. We’re a global innovation partner enabling customers in communications, industrial automation, aerospace and defense, automotive, semiconductor, and general electronics markets to accelerate innovation to connect and secure the world. Learn more at Keysight Newsroom and www.keysight.com.

Contacts 

North America PR Team
pdl-americas-keysight@keysight.com

Fusako Dohi, Asia
+81 42 660–2162
fusako_dohi@keysight.com

Jenny Gallacher, Europe
+44 118 927 4003
jenny.gallacher@keysight.com

by Carla Fredericks and Matt Aguiar, The Christensen Fund

The Christensen Fund has long considered how its assets could create positive impact beyond our grantmaking. In the mid-2010s, our Board and Investment Committee piloted multiple small-scale initiatives, including one Program Related Investment, several Mission-Related Investments, and a shareholder activism program. We also began a fossil-fuel divestment initiative.

In 2021, after developing a new program strategy and articulating our organizational Purpose focused on the rights of Indigenous Peoples, we delved deeper into a conversation about the impact of our investments. After updating our Investment Policy Statement (IPS) to “align our investments and our values”, we spent over a year developing what we called our “Purpose Aligned Capital” plan.

This collaborative process, which included members of our staff, Board, Investment Committee, OCIO, and external consultants and peers, was approved by our Board at the end of 2022 and created three distinct sleeves for our assets:

Program Related Investments (PRIs) would have absolute alignment with our program strategy and Purpose, and may underperform, have wider range of outcomes, or be less liquid relative to other strategies in the same asset class;Purpose Aligned Investments (PAIs) would be expected to generate market-rate returns and actively support our Purpose; andValues Aligned Investments (VAI) would be expected to generate market-rate returns and not be opposed to the principles that The Christensen Fund stands for.

We spent the entirety of 2023 fleshing out parameters and qualifiers for each of these categories, and by the end of that year, we made our first commitments under this new Purpose Aligned Capital strategy.

Indigenous Peoples face more threats today than ever before. By building an investment portfolio with a commitment to supporting Indigenous economic livelihoods, The Christensen Fund has taken action to support Indigenous self-determination. Achieving economic justice will require others to join in this effort. We know that, just as they have for millennia before, Indigenous Peoples can and will emerge from these challenges. We are excited for this future.

Read the full article here – https://greenmoney.com/supporting-indigenous-self-determination-through-a-spectrum-of-capital-2/