We are pleased to share our third annual ESG report. We made steady progress with our environmental, social, and governance efforts across the company. Our commitments to and investments in diversity, equity, inclusion, and belonging enabled us to attract and retain top talent that is shaping our future. In calendar year 2022, several new leaders stepped into chief-level positions and accelerated Nutanix’s shift to a hybrid multicloud software company with an enormous market opportunity ahead.
Although 2022 was marked by social, political, and economic challenges caused by COVID, war, and inflation, it was a year when Nutanix established itself as a sustainable growth business built to last. I’m proud of our employees, who consistently achieve world-class customer satisfaction in an incredibly competitive industry.
Over a decade ago, the company pioneered hyperconverged infrastructure (HCI), which broke down IT silos and simplified scalable data centers. Now our hybrid multicloud platform helps customers break down silos between public clouds, on-premises data centers, and the AI-enabled edge. Our software allows customers to shrink their data center footprint to more efficiently manage their IT resources. Customers can easily scale computing resources so they only use and pay for what they need. Nutanix software allows them to optimally place applications and data to meet performance, cost, and regulatory goals across private and public clouds. We know these benefits first-hand because we run our global company on Nutanix software. Furthermore, our subscription-based business model gives customers more flexibility than traditional licensing models.
This year, we became more resolute about environmental sustainability practices, such as how we measure and report our energy consumption, where we run our workloads, and how we manage workspaces. Our company invests in renewable energy certificates to procure more than half of our company’s energy consumption. Shifting to a hybrid-first workplace set the stage for us to significantly decrease our global office space, which began in late 2022 and will continue through 2024. Our early and earnest sustainability efforts put Nutanix on the right path, but there’s still important work to be done in order to set measurable ESG goals. We intend to get these things done right.
In 2022, we improved our corporate governance to be more transparent around Nutanix stock and shareholder voting. We committed to social issues important to our employees, investors, and customers, including nearly $50,000 in combined employee donations and company matching to support several causes assisting people in war-torn Ukraine. We invested in diversity, equity, inclusion, and belonging efforts to build a workplace where employees are inspired and can thrive. Our robust employee benefits, social groups, and diversity initiatives help us through challenges, connect us to communities, and support us at home and in our careers.
Progress highlighted in this report is a direct result of the talent, dedication and hard work done by Nutanix employees. Our company culture drives us to build technologies for the greater good. We’re determined to do the right things for our customers, partners, investors, employees, and communities. This is why our future looks bright.
Rajiv Ramaswami
President and CEO of Nutanix
© 2023 Nutanix, Inc. All rights reserved. Nutanix, the Nutanix logo, and all Nutanix product and service names mentioned herein are registered trademarks or trademarks of Nutanix, Inc. in the United States and other countries. Other brand names mentioned herein are for identification purposes only and may be the trademarks of their respective holder(s). This report may contain links to external websites that are not part of Nutanix.com. Nutanix does not control these sites and disclaims all responsibility for the content or accuracy of any external site. Our decision to link to an external site should not be considered an endorsement of any content on such a site. Certain information contained in this report may relate to or be based on studies, publications, surveys and other data obtained from third-party sources and our own internal estimates and research. While we believe these third-party studies, publications, surveys and other data are reliable as of the date of this report, they have not been independently verified, and we make no representation as to the adequacy, fairness, accuracy, or completeness of any information obtained from third-party sources. Unless otherwise noted, all data provided in this report is for calendar year 2022.
The information and opinions contained in this report are provided as of the date they are originally made and are subject to change without notice. Nutanix does not undertake to update or revise any such statements. This report is not intended to create legal rights or obligations. Inclusion of information in this report is not an indication that the subject or information is material in the context of the securities laws or any other laws of the United States or any other jurisdiction, or as these terms are used in the context of financial statements and financial reporting. The standards of measurement and performance contained in this report are developing and based on assumptions.
This report contains express and implied forward-looking statements, which involve substantial risks and uncertainties. Other than statements of historical fact, all statements contained in this report, including statements regarding our plans, initiatives, projections, targets, goals, commitments, expectations, or prospects, are forward-looking statements. The words "believe," "may," "will," "potentially," "estimate," "continue," "anticipate," "plan," "intend," "could," "would," "expect," “aspire,” or words or expressions of similar substance or the negative thereof, that convey the uncertainty of future events or outcomes are intended to identify forward-looking statements. You should not rely upon these forward-looking statements as predictions of future events. These forward-looking statements speak only as of the date they are originally made and are based on our current expectations only. These forward-looking statements are subject to numerous risks, uncertainties and assumptions, including scientific or technological developments, regulatory and legislative changes, stakeholder engagement, global political, social and economic trends, evolving sustainability frameworks, and other unanticipated or subsequent developments as well as those described in our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, each filed with the U.S. Securities and Exchange Commission. It is not possible for us to predict all risks, nor can we assess the impact of all factors or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained or implied in any forward-looking statements we may make. These forward-looking statements are merely aspirational and, in light of these risks, uncertainties and assumptions, we cannot guarantee that the future results, performance, or events and circumstances reflected in these statements will be achieved or will occur, and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. We undertake no obligation, and expressly disclaim any obligation, to update, alter or otherwise revise or publicly release the results of any revision to these forward-looking statements to reflect new information or the occurrence of unanticipated or subsequent events, except as required by law.