Viasat Releases Inaugural Environmental, Social and Governance (ESG) Report

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Oct 25, 2021, 08:00 ET

CARLSBAD, Calif., Oct. 25, 2021 /PRNewswire/ -- Viasat Inc. (NASDAQ: VSAT), a global communications company, today announced it issued its inaugural Environmental, Social and Governance (ESG) report, detailing the Company's ESG strategy, initiatives and key performance metrics. The Company plans to share updated ESG progress on an annual basis.

"We are on a journey to connect the world using sustainable, responsible and inclusive business practices, and the launch of our first ESG report reinforces the commitment our leadership and global team has made to better understand our impact on the world," said Melinda Kimbro, chief people officer at Viasat. "Our focus is on continuous improvement - which we believe will be achieved by integrating ESG principles into our global business strategies, and by continuing to foster a culture of transparency, innovation and creativity."

The report outlines Viasat's approach to a responsible ESG framework, and includes policies, metrics and programs across four key areas:

Putting people first: Viasat is committed to fostering a diverse and inclusive culture; supporting and protecting its employees; providing opportunities for employees to learn and grow; and encouraging employee engagement to continuously improve the overall employee experience.
Powering connections: Viasat's global growth is grounded in its ability to bring digital and social inclusion through the delivery of powerful communications and connectivity experiences. Keeping customers connected—whether in a hard-to-reach community, a commercial aircraft, on the battlefield or at home during a global pandemic—is a top company priority.
Protecting the planet: Viasat is taking action to reduce the environmental impact of its operations. The Company has taken critical first steps to understand and measure the impact of its actions on the planet; has demonstrated thought leadership and responsible use of space; and has shown a commitment to using resources responsibly across the organization.
Leading with integrity: Viasat employs robust corporate governance frameworks, which have built a long-standing history of trust among its stakeholders. The Company believes in following honest, transparent, and ethical business practices and works diligently to ensure compliance in key categories including human rights, conflict minerals among others.

Viasat's ESG report is aligned with the United Nations Sustainable Development Goals (UN SDGs), the Sustainability Accounting Standards Board (SASB) and the Global Reporting Initiative (GRI). The report provides details and metrics on the priority issues as defined by internal and external stakeholder analysis, including: business continuity, corporate governance, diversity and inclusion, ethical conduct, product stewardship, supply chain management and talent management and engagement.

To read Viasat's full ESG report, please visit the Company's website, here.

About Viasat
Viasat is a global communications company that believes everyone and everything in the world can be connected. For 35 years, Viasat has helped shape how consumers, businesses, governments and militaries around the world communicate. Today, the Company is developing the ultimate global communications network to power high-quality, secure, affordable, fast connections to impact people's lives anywhere they are—on the ground, in the air or at sea. To learn more about Viasat, visit: www.viasat.com, go to Viasat's Corporate Blog, or follow the Company on social media at: Facebook, Instagram, LinkedIn, Twitter or YouTube.

Forward-Looking Statements
This press release contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. Forward-looking statements include statements relating to the Company's ESG plans and initiatives and the expected impact thereof. Readers are cautioned that actual results could differ materially from those expressed in any forward-looking statements. Factors that could cause actual results to differ include: risks associated with the construction, launch and operation of satellites, including the effect of any anomaly, operational failure or degradation in satellite performance; contractual problems, product defects, manufacturing issues or delays, regulatory issues, technologies not being developed according to anticipated schedules, or that do not perform according to expectations, the impact of the COVID-19 pandemic on our business, suppliers, consumers, customers, and employees or the overall economy; and increased competition and other factors affecting the connectivity market, generally. In addition, please refer to the risk factors contained in Viasat's SEC filings available at www.sec.gov, including Viasat's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. Viasat undertakes no obligation to update or revise any forward-looking statements for any reason.

Copyright © 2021 Viasat, Inc. All rights reserved. Viasat, the Viasat logo and the Viasat signal are registered trademarks of Viasat, Inc. All other product or company names mentioned are used for identification purposes only and may be trademarks of their respective owners.

SOURCE Viasat, Inc.