{"id":769000,"date":"2023-07-11T14:14:02","date_gmt":"2023-07-11T18:14:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/new-relic-releases-esg-impact-report-for-fiscal-year-2023\/"},"modified":"2023-07-11T14:14:02","modified_gmt":"2023-07-11T18:14:02","slug":"new-relic-releases-esg-impact-report-for-fiscal-year-2023","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/new-relic-releases-esg-impact-report-for-fiscal-year-2023\/","title":{"rendered":"New Relic Releases ESG Impact Report for Fiscal Year 2023"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>New Relic Releases ESG Impact Report for Fiscal Year 2023<\/b><\/p>\n<p class=\"bwalignc\"><i>Highlights include being the first observability company to set a goal to achieve net-zero greenhouse gas emissions by 2030<\/i><\/p>\n<p>SAN FRANCISCO&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fnewrelic.com%2F&amp;esheet=53448010&amp;newsitemid=20230711714553&amp;lan=en-US&amp;anchor=New+Relic&amp;index=1&amp;md5=344d8df579aa8e210ee1e10d9811333a\">New Relic<\/a> (NYSE: NEWR), the observability company, published its second annual <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fnewrelic.com%2Fabout%2Fenvironmental-social-governance&amp;esheet=53448010&amp;newsitemid=20230711714553&amp;lan=en-US&amp;anchor=environmental%2C+social%2C+and+governance+%28ESG%29+2023+Impact+Report&amp;index=2&amp;md5=1468f620f93706aa1e8b6a932360afb2\">environmental, social, and governance (ESG) 2023 Impact Report<\/a>. The report highlights the company\u2019s progress in executing its ESG strategy, including being the first observability company to set a goal to achieve <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fnewrelic.com%2Fpress-release%2F20230301&amp;esheet=53448010&amp;newsitemid=20230711714553&amp;lan=en-US&amp;anchor=net-zero+greenhouse+gas+%28GHG%29+emissions+by+2030&amp;index=3&amp;md5=7a154a720c0e7c2ef58ba79b0f4eef32\">net-zero greenhouse gas (GHG) emissions by 2030<\/a>. It also details how the company is expanding access to the New Relic observability platform by donating $8.5 million in product and discounts to nonprofits, completing its transition towards becoming a Flex First company, and consolidating the management of data security issues.<\/p>\n<p>\n\u201cAs New Relic turns 15 years old, we celebrate our growth and achievements in observability while we build a more equitable and sustainable future,\u201d said <b>New Relic CEO Bill Staples<\/b>. \u201cWe have deepened our resolve to keep ESG at the heart of our company strategy and culture, and to democratize access to observability for the world\u2019s 27 million engineers. Looking ahead, we are continuing our focus on software integrity, strengthening and refining our policies around AI, lowering our GHG emissions, and investing in pay equity.\u201d<\/p>\n<p>\nProgress in Fiscal Year 2023 includes:<\/p>\n<ul class=\"bwlistdisc\">\n<li><b>Climate strategy:<\/b><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fnewrelic.com%2Fpress-release%2F20230301&amp;esheet=53448010&amp;newsitemid=20230711714553&amp;lan=en-US&amp;anchor=Set&amp;index=4&amp;md5=4634c2433638d163b5e06dd12b2121da\">Set<\/a> a goal to achieve net-zero greenhouse gas emissions by 2030. New Relic submitted a commitment to set GHG emissions reductions targets to the <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.wri.org%2Finitiatives%2Fscience-based-targets&amp;esheet=53448010&amp;newsitemid=20230711714553&amp;lan=en-US&amp;anchor=Science+Based+Target+initiative+%28SBTi%29&amp;index=5&amp;md5=d68a983d0ad8682a414a4792f054cb7b\">Science Based Target initiative (SBTi)<\/a>, joining the more than <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fsciencebasedtargets.org%2Fnews%2Fcompanies-committed-to-cut-emissions-in-line-with-climate-science-now-represent-38-trillion-of-global-economy%23%3A%7E%3Atext%3DAt%2520the%2520end%2520of%25202021%2Caligned%2520with%25201.5%25C2%25B0C.&amp;esheet=53448010&amp;newsitemid=20230711714553&amp;lan=en-US&amp;anchor=2%2C200+companies&amp;index=6&amp;md5=d5040ce3874b016f10a6c909c86e8a98\">2,200 companies<\/a> worldwide that are leading the transition to a net-zero economy through emissions targets grounded in climate science.\n<\/li>\n<li><b>Building a more diverse, equitable compan<\/b><b>y:<\/b> Tracked a 15-20 percentage point decrease in turnover among all regions, ages, and genders, and doubled Black representation among its leaders in 2023. Deepened its work to create more career development opportunities across historically underrepresented groups, including Hispanic\/Latinx and women-identifying people in its workforce.\n<\/li>\n<li><b>Introduced resources to support Transgender employees<\/b>: Published a Gender Transition and Inclusion Support Policy and developed a self-paced training for all employees to shed light on how to support transitioning Relics.\n<\/li>\n<li><b>Centralized management of data security and trust issues<\/b>: A newly integrated Security, Legal, and Compliance (SLC) team more deeply weaves data security into engineering, and updates and streamlines documentation, policies, and procedures.\n<\/li>\n<li><b>Expanded impact programs and funding: <\/b>Exceeded its employee participation goal, with nearly 76% of Relics participating in volunteering or giving campaigns. Donated $8.5M in product and discounts to nonprofits and committed $100,000 of unrestricted funding for nonprofits to use in building their tech capacities, through the launch of a new Impact Fund.\n<\/li>\n<\/ul>\n<p>\nLooking ahead, New Relic is committed to furthering its ESG commitments and expects to:<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nEnhance its commitment to pay equity.<\/p>\n<\/li>\n<li>\nPromote sustainable productivity, refresh its Flex First team agreements, and launch its Thriving in Flex First Playbook.<\/p>\n<\/li>\n<li>\nContinue to secure the integrity of its software and services and the enhancement of controls over the software development lifecycle. As it continues its industry-first innovation with <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fnewrelic.com%2Fplatform%2Fnew-relic-grok&amp;esheet=53448010&amp;newsitemid=20230711714553&amp;lan=en-US&amp;anchor=New+Relic+Grok&amp;index=7&amp;md5=2c448e4078c7aeb944dbdc6881291abf\">New Relic Grok<\/a>, it will continue to strengthen and refine its policies around AI use in a variety of potential use cases.<\/p>\n<\/li>\n<li>\nContinue to purchase removals and renewable energy for its Scope 1, 2, and 3 emissions based on its FY23 footprint, submit SBTi near-term targets, and set efficiency targets for all cloud applications.<\/p>\n<\/li>\n<li>\nPilot a new skills-based volunteer program that supports its community partners and the New Relic for Students program, and continue to partner with organizations that share its mission and promote open source projects and standards.<\/p>\n<\/li>\n<li>\nMaintain the highest standards of corporate governance, ethics, and integrity. New Relic will continue to stand against corruption, uphold human rights, and work to ensure transparent, honest, and fair communication with its customers.<\/p>\n<\/li>\n<\/ul>\n<p>\nTo learn more about New Relic\u2019s approach to ESG, please visit the <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fnewrelic.com%2Fabout%2Fenvironmental-social-governance&amp;esheet=53448010&amp;newsitemid=20230711714553&amp;lan=en-US&amp;anchor=website&amp;index=8&amp;md5=c84657f8c598c6ce6dd2af4c4bc692d0\">website<\/a>.<\/p>\n<p><b>About New Relic<\/b><\/p>\n<p>\nAs a leader in observability, New Relic empowers engineers with a data-driven approach to planning, building, deploying, and running great software. New Relic delivers the only unified data platform that empowers engineers to get all telemetry\u2014metrics, events, logs, and traces\u2014paired with powerful full stack analysis tools to help engineers do their best work with data, not opinions. Delivered through the industry\u2019s first usage-based consumption pricing that\u2019s intuitive and predictable, New Relic gives engineers more value for the money by helping improve planning cycle times, change failure rates, release frequency, and mean time to resolution. This helps the world\u2019s leading brands including adidas Runtastic, American Red Cross, Australia Post, Banco Inter, Chegg, GoTo Group, Ryanair, Sainsbury\u2019s, Signify Health, TopGolf, and World Fuel Services (WFS) improve uptime, reliability, and operational efficiency to deliver exceptional customer experiences that fuel innovation and growth. <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.newrelic.com&amp;esheet=53448010&amp;newsitemid=20230711714553&amp;lan=en-US&amp;anchor=www.newrelic.com&amp;index=9&amp;md5=3a53c142a9537044ad5ef071c0bb0b1b\">www.newrelic.com<\/a>.<\/p>\n<p><b>Forward-looking statements<\/b><\/p>\n<p>\nThis press release, and the associated blog post and website, contains \u201cforward-looking\u201d statements, as that term is defined under the federal securities laws, including but not limited to statements regarding New Relic\u2019s ESG initiatives and goals and its ability to achieve them, its expectations regarding industry trends, and its strategic and operational goals and its ability to achieve them. The achievement or success of the matters covered by such forward-looking statements are based on New Relic\u2019s current assumptions, expectations, and beliefs and are subject to substantial risks, uncertainties, assumptions, and changes in circumstances that may cause New Relic\u2019s actual results, performance, or achievements to differ materially from those expressed or implied in any forward-looking statement. Further information on factors that could affect New Relic\u2019s financial and other results and the forward-looking statements in this press post is included in the filings New Relic makes with the SEC from time to time, including in New Relic\u2019s most recent Form 10-K, particularly under the captions \u201cRisk Factors\u201d and \u201cManagement\u2019s Discussion and Analysis of Financial Condition and Results of Operations.\u201d Copies of these documents may be obtained by visiting New Relic\u2019s Investor Relations website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fir.newrelic.com&amp;esheet=53448010&amp;newsitemid=20230711714553&amp;lan=en-US&amp;anchor=http%3A%2F%2Fir.newrelic.com&amp;index=10&amp;md5=fa44db869f6a6c30ebe7f6e7a306b129\">http:\/\/ir.newrelic.com<\/a> or the SEC\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=53448010&amp;newsitemid=20230711714553&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=11&amp;md5=5e4a1219393fc471712610668ceb92b0\">www.sec.gov<\/a>. New Relic assumes no obligation and does not intend to update these forward-looking statements, except as required by law.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230711714553r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230711714553\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230711714553\/en\/<\/a><\/span><\/p>\n<p>\nMedia Contact<br \/>\n<br \/>Elena Keamy<br \/>\n<br \/>New Relic, Inc.<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:PR@newrelic.com\">PR@newrelic.com<\/a><\/p>\n<p>\nInvestor Contact<br \/>\n<br \/>Ingo Friedrichowitz<br \/>\n<br \/>New Relic, Inc.<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:IR@newrelic.com\">IR@newrelic.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America California<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Data Management Technology Manufacturing Environmental Policy Apps\/Applications Green Technology Software Artificial Intelligence Environment Engineering Sustainability<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230711714553\/en\/1457777\/3\/Logo_HZ_RGB.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>New Relic Releases ESG Impact Report for Fiscal Year 2023 Highlights include being the first observability company to set a goal to achieve net-zero greenhouse gas emissions by 2030 SAN FRANCISCO&#8211;(BUSINESS WIRE)&#8211;New Relic (NYSE: NEWR), the observability company, published its second annual environmental, social, and governance (ESG) 2023 Impact Report. The report highlights the company\u2019s progress in executing its ESG strategy, including being the first observability company to set a goal to achieve net-zero greenhouse gas (GHG) emissions by 2030. It also details how the company is expanding access to the New Relic observability platform by donating $8.5 million in product and discounts to nonprofits, completing its transition towards becoming a Flex First company, and consolidating the management of data &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/new-relic-releases-esg-impact-report-for-fiscal-year-2023\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;New Relic Releases ESG Impact Report for Fiscal Year 2023&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-769000","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>New Relic Releases ESG Impact Report for Fiscal Year 2023 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/new-relic-releases-esg-impact-report-for-fiscal-year-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Relic Releases ESG Impact Report for Fiscal Year 2023 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"New Relic Releases ESG Impact Report for Fiscal Year 2023 Highlights include being the first observability company to set a goal to achieve net-zero greenhouse gas emissions by 2030 SAN FRANCISCO&#8211;(BUSINESS WIRE)&#8211;New Relic (NYSE: NEWR), the observability company, published its second annual environmental, social, and governance (ESG) 2023 Impact Report. The report highlights the company\u2019s progress in executing its ESG strategy, including being the first observability company to set a goal to achieve net-zero greenhouse gas (GHG) emissions by 2030. It also details how the company is expanding access to the New Relic observability platform by donating $8.5 million in product and discounts to nonprofits, completing its transition towards becoming a Flex First company, and consolidating the management of data &hellip; Continue reading &quot;New Relic Releases ESG Impact Report for Fiscal Year 2023&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/new-relic-releases-esg-impact-report-for-fiscal-year-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-11T18:14:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230711714553r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-relic-releases-esg-impact-report-for-fiscal-year-2023\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-relic-releases-esg-impact-report-for-fiscal-year-2023\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"New Relic Releases ESG Impact Report for Fiscal Year 2023\",\"datePublished\":\"2023-07-11T18:14:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-relic-releases-esg-impact-report-for-fiscal-year-2023\\\/\"},\"wordCount\":1074,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-relic-releases-esg-impact-report-for-fiscal-year-2023\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20230711714553r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-relic-releases-esg-impact-report-for-fiscal-year-2023\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-relic-releases-esg-impact-report-for-fiscal-year-2023\\\/\",\"name\":\"New Relic Releases ESG Impact Report for Fiscal Year 2023 - 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The report highlights the company\u2019s progress in executing its ESG strategy, including being the first observability company to set a goal to achieve net-zero greenhouse gas (GHG) emissions by 2030. It also details how the company is expanding access to the New Relic observability platform by donating $8.5 million in product and discounts to nonprofits, completing its transition towards becoming a Flex First company, and consolidating the management of data &hellip; Continue reading \"New Relic Releases ESG Impact Report for Fiscal Year 2023\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/new-relic-releases-esg-impact-report-for-fiscal-year-2023\/","og_site_name":"Market Newsdesk","article_published_time":"2023-07-11T18:14:02+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230711714553r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/new-relic-releases-esg-impact-report-for-fiscal-year-2023\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/new-relic-releases-esg-impact-report-for-fiscal-year-2023\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"New Relic Releases ESG Impact Report for Fiscal Year 2023","datePublished":"2023-07-11T18:14:02+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/new-relic-releases-esg-impact-report-for-fiscal-year-2023\/"},"wordCount":1074,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/new-relic-releases-esg-impact-report-for-fiscal-year-2023\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230711714553r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/new-relic-releases-esg-impact-report-for-fiscal-year-2023\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/new-relic-releases-esg-impact-report-for-fiscal-year-2023\/","name":"New Relic Releases ESG Impact Report for Fiscal Year 2023 - 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