Corporate Citizenship Report 2011
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Economic Performance Indicators
DMA EC Disclosure on Management Approach Agilent Technologies Inc. is a technology leader in communications, electronics, life sciences and chemical analysis. With three primary business segments -- Life Sciences, Chemical Analysis, and Electronic Measurement -- we have 18,700 employees and serve customers in more than 100 countries. Agilent had revenue of $6.6 billion in fiscal year 2011 - a 22% increase over fiscal year 2010. The company's stock trades on the New York Stock Exchange under the ticker symbol "A." The company's financials are reported publically on its external website at Agilent Investor Information Agilent sells its products worldwide and is subject to risks associated with doing business internationally. We expect that revenue from international operations will continue to represent a large percentage of our total business. In addition, many employees, contract manufacturers, suppliers, job functions and manufacturing facilities are increasingly located outside the U.S. Agilent articulates a variety of risk factors in its regular 10K filings with the U.S. Security Exchange Commission. For more information, go to Agilent Investor 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.
EC1 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 Annual revenues of $6.6 billion were up 22 percent over fiscal 2010. This was the second year in a row that our annual revenues grew by more than 20 percent. Operating profit and earnings per share also increased substantially. We ended the fiscal year with the best operational performance in the company's eleven-year history. As a reflection of Agilent's financial strength and continuing growth opportunities, in January 2012 we announced the initiation of quarterly cash dividends to Agilent shareholders. This underscores our commitment to enhance shareholder value and return.
EC2 Financial implications and other risks and opportunities for the organization's activities due to climate change Agilent had no financial implications or other risks and opportunities due to climate change.
EC3 Coverage of the organization's defined benefit plan obligations Refer to Agilent's 2011 Annual Report: Agilent 2011 Annual Report Agilent's defined benefit plans are fully funded at or above required levels:
Agilent expects to contribute approximately $82 million to U.S. and non-U.S. defined benefit plans during 2012.
EC4 Significant financial assistance received from government Agilent received no financial assistance from any government agency in FY11.
EC5 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.
EC6 Policy, practices, and proportion of spending on locally-based suppliers at significant locations of operation 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: TQRDCE, which focuses on total quality, reliability, delivery, cost and environmental sustainability. In addition, all suppliers used by Agilent must adhere to the Supplier Code of Conduct and Agilent's Expectation of Suppliers. We have significantly redesigned supplier environmental compliance communications to enable stronger partnerships and adherence to Agilent's General Specifications for the Environment (GSE). This effort has positive implications on materials use, regulatory compliance, supplier satisfaction, customer satisfaction and employee satisfaction.
EC7 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 under-represented groups around the world, and works to build an inclusive environment that develops and retains employees.
EC8 Development and impact of infrastructure investments and services provided primarily for public benefit through commercial, in-kind, or pro bono engagement In 2011, through our businesses, employees and Foundation, our philanthropic efforts totaled over $9 million. Agilent employee donations, combined with matching funds from the Agilent Technologies Foundation, totaled $2,425,526. Agilent and the Agilent Technologies Foundation's philanthropic investments in university research totaled $4,235,622. Agilent donated approximately $2,558,000 in equipment to universities. Agilent and the Agilent Technologies Foundation invested $1,196,818 in science education reaching approximately 600,000 students and 6,000 teachers worldwide. Approximately 25 percent of Agilent employees around the world volunteered more than 50,000 hours in our communities. Employees and the Agilent Technologies Foundation contributed more than $534,000 in support of disaster relief efforts. Because of our longstanding commitment to our communities, we have a wide range of programs that provide feedback on community needs, and we did not do a community assessment.
EC9 Understanding and describing significant indirect economic impacts, including the extent of impacts A core objective is to be an economic, intellectual and social asset to every community in which we operate. Agilent After School, a hands-on, kit-based science program, reached 60,000 students in 14 countries. The Agilent Technologies Foundation contribution to the District Rural Science Education Program in India supported a science center and mobile labs to provide science education to 12,000 students at underprivileged schools.
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