Investor Relations
Sustainability at Keypath

Environmental, Social, and Governance

Sustainability at Keypath

Keypath鈥檚 2023 Environmental, Social, and Governance (鈥淓SG鈥) Report available in our outlined听the continuing positive impact our business makes in terms of sustainability. ESG considerations are inherent in our business model of partnering with leading universities to deliver socially impactful online educational programs in a sustainable way, with opportunity, accessibility, and equality at the forefront of our business.听

Framework: United Nations Sustainable Development Goals (鈥淪DGs鈥)听

成人影音supports the SDGs as a framework for achieving a more sustainable future for the world. 成人影音aligns its focus to the following SDGs that we consider most relevant to our business strategy, operations, and purpose.听

Responsible Consumption and Production

成人影音is right-sizing its physical space to the hybrid workforce model thereby responsibly impacting disposables consumption and carbon emissions.听

Through our 鈥淲ork from Anywhere鈥 and 鈥淪tudy from Anywhere鈥 philosophies, our business model inherently has low negative environmental impact听

Quality Education As a global leader in EdTech, 成人影音has created opportunity and access to quality education for over 104,000 enrollments in FY23, including maximizing reach to regional and lower socio-economic locations.听
Good Health & Wellbeing

成人影音invests in its people and culture by supporting their well-being and mental health.听听

Keypath鈥檚 university partnerships currently offer 118 online healthcare programs to mitigate the shortage of skilled healthcare workers.听

Decent Work & Economic Growth Keypath鈥檚 overall vision is to Transform Education, Transform the World. By creating access to quality online education in skilled fields of need, 成人影音is promoting decent work and economic growth in communities that otherwise do not provide such opportunities for students.听
Reduced Inequalities 成人影音is a place for everyone, where diversity is embraced and where all contributors, regardless of personal characteristics are celebrated.听

Keypath's Key Achievements and Focus Areas

成人影音considers the five relevant SDG's as comprising three primary areas of focus:

Environmental Sustainability
  • Minimizing negative environmental impact while also driving employee engagement for promoting a positive environmental impact
Social Opportunity through Access & Equality

Community

  • Creating social impact with greater access and opportunity for higher education
  • Helping solve some of society's most pressing challenges in Healthcare available

Employees

  • Diversity, Equity and Inclusion (DEI)
  • Gender balance
  • A positive culture enabling employees to thrive in their roles
Strong Corporate Governance and Data Security
  • Data and security
  • Strong governance policies, principles and practices
  • Operating with responsible and ethical business practices

Current ESG Foundations

While growing our business and continuing to evolve in a 鈥減ost COVID-19 pandemic world鈥, we continued several important ESG initiatives in FY23.听Most notably, we:听听

Environmental:听

  • Expanded our product offering to continue to facilitate 鈥淟earn from Anywhere鈥 across courses that traditionally were only offered on campus, including helping Melbourne Business School take their MBA and other short courses online for the first time听

  • Continued to explore ways for reducing our overall environmental footprint including an evaluation of office space that resulted in a reduction of leased property square footage aligned to our flexible Work from Anywhere approach听

  • Proactively encouraged and facilitated initiatives to educate our workforce and share ideas among staff around sustainability

Social:听听

  • Expanded provision to quality higher education through seven new partners and 34 new programs, including to students in regional and remote regions听

  • With our university partners, we launched 23 new Healthcare-focused degree and certificate programs in fields such as Nursing, Counseling, and Health Administration to create opportunities and help solve healthcare skills gaps and shortages听

  • Secured over 18,000 clinical and field placements creating localized opportunity and social impact in regional communities across the countries we operate in听

Governance:听

  • Continued strong governance policies, principles, and practices听听

  • Obtained SOC-2 Type 2 Certification validating the design sufficiency of our administrative, technical, and logical controls related to data security and the SOC-2 principles听听

Our Future ESG goals

In the rapidly evolving ESG landscape, we are focused on continuing our journey of sustainability initiatives and reporting in a way that reflects our size and existing environmental, social, and governance profile, including in the future:听

Environmental:听

  • Exploring a carbon emissions measurement and reduction strategy addressing Keypath鈥檚 global carbon emissions, as appropriate听听

  • Preparing for upcoming regulatory developments around climate risk disclosure frameworks using at this stage the International Sustainability Standards Board (鈥淚SSB鈥) framework as the baseline听

  • Working with a third party ESG ratings agency to obtain our rating and benchmark听

Social:听

  • Continuing to develop metrics and a long-term social impact strategy and roadmap听

  • Taking measurable steps to improve gender balance and diversity across the company and intentionally expanding our outreach to underrepresented groups through Keypath鈥檚 hiring processes听听

  • Bringing new distance education programs to market areas from cyber security to psychology continuing to unlock greatness in educators and individuals to drive a broader positive societal impact, including in addressing key societal skills shortages in areas such as Healthcare听

Governance:听

  • Continuing to report on innovation, resilience, and business continuity initiatives听

  • Continued focus on data stewardship and security听