Xerox Corporation is a leading American multinational corporation that operates in the office electronics sector. It is headquartered in Norwalk, Connecticut, and has a global presence in over 160 countries. The company is primarily known for its document management solutions, including printers, copiers, and software solutions. Xerox Corporation has been a pioneer in the office electronics industry for over a century, and has consistently been at the forefront of innovation and sustainability.
Decarbonisation is a key focus area for Xerox Corporation, and the company has made significant strides in reducing its carbon footprint. In 2019, Xerox announced its commitment to achieving carbon neutrality by 2040. This ambitious goal is aligned with the Paris Agreement's target of limiting global warming to below 2 degrees Celsius. To achieve this goal, Xerox has implemented a range of decarbonisation initiatives, including energy efficiency measures, renewable energy procurement, and carbon offsetting.
Corporate energy is another area of focus for Xerox Corporation. The company has a comprehensive energy management program that aims to reduce energy consumption and costs across its global operations. This program includes energy audits, energy-efficient equipment upgrades, and employee engagement initiatives. Xerox has also implemented a corporate power purchase agreement (PPA) to procure renewable energy for its operations. In 2018, Xerox signed a 10-year PPA with Enel Green Power North America to purchase 200,000 megawatt-hours of wind energy annually. This PPA is expected to reduce Xerox's greenhouse gas emissions by approximately 45,000 metric tons per year.
Renewable energy is a key component of Xerox Corporation's sustainability strategy. The company has set a target to source 100% renewable electricity for its global operations by 2025. To achieve this goal, Xerox has implemented a range of renewable energy initiatives, including solar power installations, wind power procurement, and energy storage solutions. In 2019, Xerox installed a 1.5-megawatt solar array at its Webster, New York, facility. This solar array is expected to generate approximately 2 million kilowatt-hours of electricity annually, which is equivalent to the energy consumption of 223 homes.
Xerox Corporation's commitment to sustainability extends beyond its own operations. The company has a comprehensive sustainability program that aims to reduce the environmental impact of its products throughout their lifecycle. This program includes eco-design principles, responsible sourcing practices, and end-of-life product management. Xerox has also implemented a range of circular economy initiatives, including the development of remanufactured products and the implementation of closed-loop recycling programs.
In addition to its sustainability initiatives, Xerox Corporation is also committed to social responsibility. The company has a comprehensive corporate social responsibility program that focuses on education, diversity and inclusion, and community engagement. Xerox has a long history of supporting education initiatives, including the Xerox Foundation's support for STEM education and the company's sponsorship of the National Science Teachers Association. Xerox also has a strong commitment to diversity and inclusion, and has been recognized as a leader in this area by organizations such as DiversityInc and the Human Rights Campaign Foundation. The company also has a strong tradition of community engagement, and has supported a range of initiatives to improve the quality of life in the communities where it operates.
In conclusion, Xerox Corporation is a leading American multinational corporation that operates in the office electronics sector. The company has a strong commitment to sustainability, with a focus on decarbonisation, corporate energy, corporate PPA, and renewable energy. Xerox has set ambitious targets to reduce its carbon footprint and source 100% renewable electricity for its global operations. The company's comprehensive sustainability program also includes initiatives to reduce the environmental impact of its products throughout their lifecycle and support social responsibility initiatives in education, diversity and inclusion, and community engagement. Xerox Corporation is a leader in the office electronics industry and a model for sustainable business practices.