19 Nov 2007
Last March IBM hosted its first ever webcast with investors on the subject of corporate responsibility. During that web cast, which involved 44 analysts and 5 IBM vice presidents, we said we intended to have ongoing engagement with the SRI community by providing regular updates on activities at IBM that would be of interest to you. In this note you will find recent updates and information on IBM's activities in a number of environmental, societal, philanthropic and governance areas.
Although the period of time since our last interaction has been relatively brief there have been a number of very significant activities and events about which we'd like to update you. In July in Washington D.C., we launched our new Global citizen's portfolio including matching accounts for learning, a novel portable and flexible account dubbed a 401(k) for learning. In addition to announcing significant reductions in C02 emissions we launched new "Green Data" centers as part of a $1 billion commitment to energy conservation. In a large scale effort to take stakeholder engagement to the next level, our Global innovation outlook was executed with input from a range of stakeholders across the various sectors of the economy. And a host of innovative uses of technology applied against critical areas of need in the community were launched including a new internet site with the World bank's international Finance Corporation to offer free guidance to small and medium sized enterprise to spur economic growth and a project with the Nature Conservancy to help address issues of water quality in the great river systems of the world.
Here is the update, and we would very much welcome any feedback on it and how we can better engage with the SRI community.
IBM has released our response to GRI G3 at the "A" application level. This has been a significant cross-company effort involving 26 professionals working in community relations, diversity, employee well being, environmental affairs, governmental programs, human resources, investor relations, legal and supply chain. The GRI has been directly distributed to 14 SRI organizations via our participation in the OneReport service and will be posted on our external responsibility web site soon.
SRI Index mentions
- Green Data Center: Announced a $1 billion per year commitment to mobilize the company's resources to increase the level of energy efficiency in IT.
- The Beacon Institute and IBM are teaming to build the River and Estuary Observatory Network, the first technology based monitoring and forecasting network for a major American river and estuary.
- MoneySmart: A multi-million dollar personal finance and education benefit program for its US employees that sets a new benchmark for corporate retirement planning. Money Smart combines in-person educational seminars, online tools and confidential, one-on-one personal planning sessions.
- Announced the Global Citizen's Portfolio, a new package of capabilities that are integrated with existing IBM programs that provide IBMers with valuable tools to enhance their expertise and careers in a globally integrated economy. The portfolio consists of three new programs: 1) matching accounts for learning, 2) the corporate service corps and 3) a 'transitions to' program which creates bridges to opportunities in government, non-profits, education and economic development organizations.
- Rebuilt and re-launched the Small and Medium Enterprise (SME) Toolkit, a collaboration with the World Bank's International Finance Corporation, to help SMEs in underserved and emerging markets grow and succeed. The toolkit is available in 14 languages and 28 markets.
- IBM's World Community Grid, a public computing grid to support humanitarian research, passed the 750,000 devices milestone which equates to almost 118,000 years of run time. The grid recently launched research initiatives focused on climate modeling in Africa and the identification of promising drug treatment for dengue, hepatitis C, West Nile and yellow fever viruses.
- The National Museum of African American History and Culture on the web, a collaboration between IBM and the Smithsonian, is the virtual precursor to the newest Smithsonian museum to be built on the Washington mall. Key functionality includes The Memory Book, a Web 2.0 application that collects stories from visitors to create a visualized, interlinked tapestry of bottom-up "people's history" of the African American experience.
- IBM's Global Innovation Outlook (GIO) V3.0 brought together leaders from business, academia and politics from around the world to help create new opportunities for business and society. Topics for this year included Media & Content, Africa and Security & Society. Version 2.0 involved 248 stakeholders from nearly three dozen countries representing 178 organizations gathered on four continents.
Thank you again for taking the time to review IBM's recent activities in a number of environmental, societal, philanthropic and governance areas. We look forward to any feedback and questions you may have.