Cybersecurity and Observability Innovator
Advances Impact Priorities
Splunk Inc. (NASDAQ: SPLK), the cybersecurity and observability
leader, today released its annual Global Impact Report. The report
details Splunk’s progress and vision across the priorities that
matter most to its business and stakeholders: data responsibility,
ethical and inclusive growth, environmental sustainability and
social impact.
“Our Global Impact work is a foundational element of Splunk’s
growth strategy and opportunities, enabling our resilience,
performance and innovation,” said Scott Morgan, SVP, Chief Legal
Officer, Global Affairs for Splunk. “We are pleased to share our
progress and future focus in this year’s Global Impact Report, as
we remain steadfast in our commitment to living our values and
those of our customers each and every day. Protecting data,
strengthening our culture, mitigating climate risk and empowering
global communities are intrinsically linked to who we are and the
mission-critical digital resilience we provide organizations
worldwide.”
The 2023 Global Impact Report outlines Splunk’s commitment to
contributing to broader societal challenges and opportunities while
supporting the durability and resilience of its business, and
creating value for its stakeholders including customers, investors,
employees and communities. Below are top highlights across its
four-pillar Global Impact strategy.
Data Responsibility:
Splunk is committed to conducting its business in ways that are
principled, transparent and accountable to its stakeholders.
Splunk’s Global Impact work supports Splunk’s purpose and strategy
to build a safer and more resilient digital world. In Splunk’s
fiscal year 2023 (FY23), Splunk launched workstreams to address
U.S. Cybersecurity & Infrastructure Security Agency (CISA)
cybersecurity executive orders; achieved new U.S., UK and EU
privacy and security certifications; and updated its customer and
data protection agreements to comply with new UK and EU
standards.
As the explosive growth of generative AI continues, Splunk is
engaged in critical dialogue on AI and data ethics through its work
with BSA | The Software Alliance, the Future of Privacy Forum and
the World Economic Forum. Splunk is also actively addressing the
implications of generative AI adoption and usage to ensure its
products are developed with the aid of AI tools, incorporating AI,
or offering AI assistive features.
Ethical and Inclusive Growth:
Splunk’s award-winning employee experience continued its
evolution in FY23 with a new multi-year Diversity, Equity,
Inclusion and Belonging (DEIB) strategy to reach more diverse and
emerging talent. A new internal career mobility platform was
introduced as hundreds of Splunkers received training on inclusive
hiring practices. Additionally, the company published its fourth
Diversity Annual Report and continues to invest in recruitment
programs to improve the representation of women and
underrepresented groups.
In FY23, Splunk was proud to pilot an expedited payment terms
program with qualified small- and diverse-owned businesses. The
company aimed to direct 4% of its addressable spend to small and
diverse businesses. Its actual performance was 5.7%, exceeding the
goal.
Environmental Sustainability:
In FY23, Splunk advanced its commitment to achieve net zero
emissions by 2050 at a 1.5° C pathway by completing a global
climate risk assessment, modeling the resilience of the business
relative to projected climate scenarios, assessing net zero
transition tactics, and identifying potential near-term climate
targets in line with the Science Based Targets initiative. This
work supports durable business growth and lays the foundation for a
comprehensive climate strategy that aligns with The Task Force for
Climate Related Financial Disclosures guidelines and prepares the
business for the growing number of climate-related disclosure
regulations across the globe. In the upcoming months, the
organization plans to finalize its climate strategy, net zero
transition plan and near-term climate targets.
Due to the quality of its sustainability management policies,
actions and results, Splunk was awarded an EcoVadis Bronze medal in
2023 following an annual assessment.
Social Impact:
In FY23, Splunk empowered global communities to address the lack
of technology and data in the nonprofit sector, and the global
skills gap. The organization donated $4.48M in Splunk licenses to
help nonprofit organizations, representing a 24% increase in value
and a 20% increase in organizations served from the previous year.
It also continued to partner across the nonprofit and academic
sectors to improve people’s digital skills and increase
employability.
Overall, the number of learners taking donated courses increased
55% year-over-year, representing a total value of $3.2M in training
services. In addition, total employee volunteer hours increased
126% over fiscal year 2022 as Splunkers helped nonprofits and their
local communities solve real-world problems.
To read the Splunk 2023 Global Impact Report, please visit
https://www.splunk.com/en_us/global-impact/2023-report.html. To
learn more about Splunk’s environmental, social and governance
commitments, please visit:
https://www.splunk.com/en_us/global-impact/esg-resources.html.
Safe Harbor Statement
This press release contains forward-looking statements that
involve risks and uncertainties, including statements regarding
Splunk’s climate strategy and plans. There are a significant number
of factors that could cause actual results to differ materially
from statements made in this press release, including those
described in the company’s Quarterly Report on Form 10-Q for the
fiscal quarter ended July 31, 2023, which is on file with the U.S.
Securities and Exchange Commission (“SEC”) and Splunk’s other
filings with the SEC. Splunk does not assume any obligation to
update the forward-looking statements provided to reflect events
that occur or circumstances that exist after the date on which they
were made.
About Splunk Inc.
Splunk Inc. (NASDAQ: SPLK) helps build a safer and more
resilient digital world. Organizations trust Splunk to prevent
security, infrastructure and application issues from becoming major
incidents, absorb shocks from digital disruptions, and accelerate
digital transformation.
Splunk, Splunk>, and Turn Data Into Doing are trademarks and
registered trademarks of Splunk Inc. in the United States and other
countries. All other brand names, product names, or trademarks
belong to their respective owners. © 2023 Splunk Inc. All rights
reserved.
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version on businesswire.com: https://www.businesswire.com/news/home/20231003338072/en/
Media Contact Patricia Hogan Splunk Inc.
press@splunk.com
Investor Contact Investor Relations Splunk Inc.
ir@splunk.com
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