Our EHS training products are an important part of supporting our clients in achieving their own environmental goals. We have partnered with leading providers UL and J. J. Keller to develop online environmental, health and safety courses.
UL Workplace Health & Safety provides industry-leading online training courses to help invest in the health and safety of workers around the globe and drive measurable business improvements. With a library of hundreds of courses, available in international versions and translated into multiple languages, we deliver health and safety training to organizations of any size in any industry.
They offer a diverse portfolio of more than 15,500 products and services to help customers meet safety and compliance regulations enforced by DOT, OSHA, EPA and 300+ other agencies focused on Transportation, Workplace Safety and Human Resources.
We strive to minimize the environmental impact of our operations and the delivery of our services. Three of our facilities are Leadership in Engineering & Environmental Design (LEED) certified, including our global headquarters in Santa Monica, California that is a Gold-certified building. Through offices that are more efficient, we can help reduce our energy and water use, and our impact on the planet. Looking beyond the direct impact of our operations, we encourage our employees to take steps to reduce their own carbon footprint, such as offering vouchers to take public transportation rather than drive at certain offices.
Addressing Climate Change
While Cornerstone OnDemand has few climate change related risks, our Board of Directors and management team oversee and manage climate change-related risks with the same seriousness as we do for other potential or smaller scale risks.
Our Board of Directors has ultimate oversight of climate change related risks, and is responsible for reviewing and providing guidance on the company’s climate change related programs and policies as part of its wider sustainability oversight. Sustainability is a subject discussed at least annually by the full board.
Our senior leadership team and board of directors are very keen on managing and mitigating various risks to our business and financial performance, including climate change and other environmental risks.
Such risk management topics are reviewed and discussed on a regular basis among our leadership team across the entire organization. Consideration of such risks is implemented as part of operating and investment decision-making process, in all aspects of the business. The team reports on a regular basis to our Chief Executive Officer and Board of Directors.
Metrics and Targets
We are currently reviewing our disclosure of carbon emissions and evaluating the setting of reduction targets.
We have identified climate change related risks and opportunities that may impact our business over the short, medium and long-term, which includes the following:
As a software as a service (“SAAS”) company our products face few climate-related risks, and little potential to have a significant financial impact on the business. However, we regularly assess how we might be influenced by a changing climate. We take seriously the potential for business disruption which could occur (which we view as part of reputational risk) under extreme weather and natural disasters. To give just one example, woodfires and earthquakes could affect server availability. In response, we monitor industry-focused information sources on evolving risks and evolving litigation patterns involving the industry, pay attention to the environmental concerns raised via shareholder proposals at companies in the sector and seek input from our partners who create the content for the environmental materials we distribute. On a regular basis, the risk and responses are reviewed as part of the overall sustainability risk evaluation during our annual strategic planning.
We do not currently view climate change as a significant business risk; however, it could pose regulatory risks such as through potential future carbon disclosure and compliance requirements, and reputational risks from not proactively addressing climate change issues. Possible carbon taxes or regulatory incentives to encourage the use of renewables could affect energy costs. However, as a cloud services company, which offers a climate-resilient solution, we do not expect this would have significant impact to our business and financial performance.
With the higher demand for environmental compliance-related products, we view this as an opportunity to help our customers by delivering training via our various products and services. Our solution and services help organizations and people by raising awareness of climate change, enabling customers to keep up and be compliant with the latest environmental regulations and policies, and thus respond to the shifting changes of regulations.