SAIC’s 2024 Corporate Responsibility Report: Advancements in ESG, Diversity, and Environmental Goals
Science Applications International Corp. (NASDAQ: SAIC) has released its fifth annual Corporate Responsibility Report, showcasing the company's advancements in its environmental, social, and governance (ESG) objectives while highlighting the mission-driven culture that benefits both its customers and employees.
Toni Townes-Whitley, CEO of SAIC, expressed pride in presenting the report, which emphasizes how the company's core values of innovation, integrity, and inclusion are woven into its operations. These principles are central to SAIC’s identity and guide its leadership role in both defense and civilian sectors as it addresses complex challenges faced by government clients.
The report outlines the company’s commitment to ethical practices and governance, including:
Toni Townes-Whitley, CEO of SAIC, expressed pride in presenting the report, which emphasizes how the company's core values of innovation, integrity, and inclusion are woven into its operations. These principles are central to SAIC’s identity and guide its leadership role in both defense and civilian sectors as it addresses complex challenges faced by government clients.
The report outlines the company’s commitment to ethical practices and governance, including:
- The creation of an Artificial Intelligence Council to oversee responsible AI use.
- The launch of SAIC’s Human Rights Policy and an updated Supplier Code of Conduct to clarify expectations for social, ethical, and environmental responsibility.
- An increase in employee volunteer hours to 29,000 in FY24, marking a 10% rise from the previous year and nearly 40% from FY22.
SAIC's commitment to diversity and inclusion is reflected in its leadership composition, with 73% of the executive team being women or people of color—46% women and 46% people of color. The Board of Directors includes 46% women and 36% people of color. The company aims for parity in representation across leadership and non-leadership roles, achieving 28% parity for women and 25% for people of color in leadership positions for fiscal 2024. The gender pay gap among full-time, non-executive employees is less than 1%, with a pay equity ratio of approximately 99% between women and men.
In environmental stewardship, SAIC has made notable progress, including:
- A 41% reduction in Scope 1 and 2 greenhouse gas emissions since 2019.
- A new carbon target aiming for a 20% reduction in GHG emissions (Scopes 1 & 2) by 2030.
- An initial portfolio-wide goal of a 12% reduction in electrical energy use by 2030.
The report also responds to the Global Reporting Initiative (GRI), Taskforce on Climate-related Financial Disclosures (TCFD), and the ESG Reporting Framework and Standards Index, which includes the Sustainability Accounting Standards Board (SASB) and the United Nations Sustainable Development Goals (UN SDGs).
Click here to know more on SAIC’s efforts on Corporate Responsibility, sustainability & ESG.
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