Agilent Corporate Citizenship Report 2014
DISCLOSURE ON MANAGEMENT APPROACH EC
Agilent successfully completed its separation into two publicly traded companies through a tax-free spinoff of its electronic measurement business. The new company, Keysight Technologies, is now a global market leader in communications, computer, semiconductors, aerospace and defense, and industrial markets.
Agilent now serves a $44 billion combined market that includes food, environmental & forensics, pharmaceutical, diagnostics, chemical & energy and research end markets. We work with customers in more than 100 countries, providing instruments, software, services and consumables for their entire laboratory workflow.
As a separate company, Agilent generated revenues of $4.0 billion in fiscal year with an operating margin of 18.8% of revenue in fiscal 2014. The company's stock trades on the New York Stock Exchange under the ticker symbol "A".
For more information, go to Agilent Investor Relations.
Agilent is a leader in life sciences, diagnostics and applied chemical markets. The company provides laboratories worldwide with instruments, services, consumables, applications and expertise. Agilent is one of the industry's most widely used providers of instruments, software, consumables and services for the 265,000 analytical and clinical research laboratories around the world. Agilent focuses its expertise on six key markets:
- Environmental and Forensics
- Chemical and Energy
For more information on Agilent's markets, go to Company Information
Agilent Technologies is committed to conducting business in an ethical, socially responsible, and environmentally sustainable manner. Our citizenship objective is to be an economic, intellectual, and social asset to each nation and community in which we operate. Agilent's worldwide community programs tangibly demonstrate the company's values and commitment to corporate citizenship. In communities where we operate, we contribute through foundation and company grants, employee volunteerism, public policy and community partnerships in the areas of science education, and workplace giving campaigns. For more information on Agilent Indirect Economic Impacts, go to Community Relations.
Agilent recognizes ISO 26000 as a reference document that provides guidance on social responsibility. Agilent aligns with ISO 26000 standards as part of our social responsibility practices. As such, Agilent's economic-related practices and processes align with ISO core subjects: Organizational Governance 6.2 and Fair Operating Practices 6.6 and Community Involvement and Development 6.88
DIRECT ECONOMIC VALUE GENERATED AND DISTRIBUTED, INCLUDING REVENUES, OPERATING COSTS, EMPLOYEE COMPENSATION, DONATIONS AND OTHER COMMUNITY INVESTMENTS, RETAINED EARNINGS, AND PAYMENTS TO CAPITAL PROVIDERS AND GOVERNMENTS
On November 1, 2014, Agilent successfully completed its separation into two stand-alone, publicly traded companies through a tax-free spinoff of its electronic measurement business. As a separate company, Keysight generated revenues of $2.9 billion in fiscal year 2014.
Agilent Technologies continues as a global leader focused on life sciences, diagnostics and applied chemical markets. As a separate company, Agilent generated revenues of $4.0 billion in fiscal year with operating margin of 18.8% of revenue in fiscal 2014. For more information, go to the Agilent 2014 Annual Report.
G4-EC2 FINANCIAL IMPLICATIONS AND OTHER RISKS AND OPPORTUNITIES FOR THE ORGANIZATION'S ACTIVITIES DUE TO CLIMATE CHANGE
Please refer to Agilent 2014 Annual Repor risks, uncertainties and other factors that may affect future results section.
COVERAGE OF THE ORGANIZATION'S DEFINED BENEFIT PLAN OBLIGATIONS
Agilent's defined benefit plans are fully funded at or above required levels:
- We contributed $30 million to our U.S. defined benefit plans in each of 2014, 2013, and 2012.
- We contributed $68 million, $89 million and $54 million to our non-U.S. defined benefit plans in 2014, 2013, and 2012, respectively.
- We contributed $1 million to our U.S. post-retirement benefit plans in 2014 and 2013 and did not contribute to our US post-retirement benefits plans in 2012.
- Our non-U.S. defined benefit plans are generally funded ratably throughout the year.
- Total contributions in 2014 were $103 million, or 14 percent less than 2013.
- Total contributions in 2013 were $120 million, or 43 percent more than in 2012.
Our annual contributions are highly dependent on the relative performance of our assets versus our projected liabilities, among other factors. We expect to contribute approximately $41 million to our U.S. and non-U.S. defined benefit plans and zero to our U.S. post-retirement benefit plans during 2015.
Please refer to Agilent 2014 Annual Report retirement plans and post retirement pension plans section.
SIGNIFICANT FINANCIAL ASSISTANCE RECEIVED FROM GOVERNMENT
Please refer to Agilent 2014 Annual Report for details.
RANGE OF RATIOS OF STANDARD ENTRY-LEVEL WAGE BY GENDER COMPARED TO LOCAL MINIMUM WAGE AT SIGNIFICANT LOCATIONS OF OPERATION
Agilent provides competitive levels of compensation above minimum wage requirements.
PROCEDURES FOR LOCAL HIRING AND PROPORTION OF SENIOR MANAGEMENT HIRED FROM THE LOCAL COMMUNITY AT SIGNIFICANT LOCATIONS OF OPERATION
Hiring top talent around the globe helps ensure that Agilent maintains its leadership position. To attract and retain talent, Agilent provides everything from forward-thinking workplace design to community involvement to total compensation packages that rank with the leaders in the high-technology and life science industries. We understand the value - to our business, our employees, and our communities - of an inclusive environment that respects and celebrates unique perspectives and life experiences. Our policies and strategies create a pipeline of diverse skills and viewpoints, ensuring that our rich cultural diversity is leveraged for our competitive advantage. Agilent actively recruits top talent from underrepresented groups around the world, and works to build an inclusive environment that develops and retains employees. For more Information on our workplace culture, please refer to Agilent - Who We Are.
DEVELOPMENT AND IMPACT OF INFRASTRUCTURE INVESTMENTS AND SERVICES PROVIDED PRIMARILY FOR PUBLIC BENEFIT THROUGH COMMERCIAL, IN-KIND, OR PRO BONO ENGAGEMENT
In fiscal 2014, through our businesses, employee programs, and foundation, our philanthropic efforts totaled over $12 million. Agilent and the Agilent Technologies Foundation's provided $10 million in university grants and equipment supporting science and technology research at the forefront of electronic and bio-analytic measurement technologies.
Agilent and the Agilent Technologies Foundation invested over $1 million in pre-university science-education grants supported, reaching approximately 600,000 students and 6,000 teachers worldwide. For more information about Agilent Technologies Foundation's giving, see the 2014 Audited Financial Statements.
Because of our longstanding commitment to our communities, we have a wide range of programs that provide feedback on community needs, and therefore we do not conduct a community assessment.
SIGNIFICANT INDIRECT ECONOMIC IMPACTS, INCLUDING THE EXTENT OF IMPACTS
Agilent Technologies is committed to conducting business in an ethical, socially responsible, and environmentally sustainable manner. Our citizenship objective is to be an economic, intellectual, and social asset to each nation and community in which we operate. Agilent's worldwide community programs tangibly demonstrate the company's values and commitment to corporate citizenship. In communities where we operate, we contribute through foundation and company grants, employee volunteerism, public policy and community partnerships in the areas of science education, and workplace giving campaigns.
Agilent's scientists and technical staff collaborate on academic research. Our products are found in leading research and teaching laboratories. Our global connection to academia also includes educational support, recruitment of top university talent and philanthropy. Through our "Thought Leader Program", Agilent supports scientific advancements by leading researchers around the world. We also contribute through financial support, products and expertise to research in the life sciences, diagnostics and applied chemical markets.
Agilent's philanthropic efforts, through the Agilent Technologies Foundation, focus on education and development in life sciences, thus fostering innovation and advancement in children's education. The Foundation supports a range of pre-university-level science education programs aimed at helping students develop the critical thinking skills essential for tomorrow's jobs.
In addition, the Foundation's match of employee giving strengthens a broad range of nonprofit programs in communities where Agilent has a presence.
At a global level, we partner with United Way, in which we identify local corporate social responsibility (CSR) projects, conduct due diligence, and support the implementation of the initiative on an ongoing basis. In addition, the Agilent Technologies Foundation supports several independent programs across various countries.
For more information, go to Community Relations.
POLICY, PRACTICES, AND PROPORTION OF SPENDING ON LOCALLY-BASED SUPPLIERS AT SIGNIFICANT LOCATIONS OF OPERATION
Diversity and inclusion are Agilent's core values and as such extend down through our supply chain. Agilent has a proactive Supplier Diversity Program which focuses on the procurement of materials, components, equipment, supplies, and services from Small Diverse Businesses. We use a specific methodology when sourcing suppliers that includes the evaluation and inclusion of small diversified suppliers with in our supply chain.