About our Reporting
Our reporting process is evolving along with our approach to corporate responsibility.
Corporate responsibility reporting at Leidos chronicles our progress toward improving the company's sustainability programs and performance. This website, and our associated Global Reporting Initiative (GRI™) Index, discusses how we balance efforts to support our people, enrich the communities where we live and work, and our efforts to reduce the environmental impact of our operations. We highlight ethics, governance, and other related program areas that form the bedrock of our philosophy about corporate responsibility.
We publish reports annually in accordance with the latest GRI™ Sustainability Reporting Standards (GRI Standards). The GRI Standards emphasize materiality to focus reporting on topics with the most significant impact and influence on our stakeholders. This year's report is our twelfth, covering calendar year 2020. This report also aligns with and references our 2020 Annual Report on Form 10-K.
Leidos defines report content by balancing our interest in providing the most comprehensive and transparent representation of the company's sustainability profile with the availability of data and resources. We strive to provide a robust report that addresses the interests of our stakeholders while aligning with the most relevant and significant indicators of our economic, environmental, and social performance.
Everything we do is built on a commitment to do the right thing for our customers, our people, and our community. Our Mission, Vision, and Values guide the way we do business. Understanding and engaging with our stakeholders is critical to the long-term sustainability of our business and the vital role we play in making the world safer, healthier, and more efficient through technology, engineering, and science.
This report is generated by a core group of individuals representing the Leidos Corporate Social Responsibility and Sustainability functions and a network of Subject Matter Experts (SMEs) throughout the company. Topics included in this report are deemed material to Leidos and its stakeholders. The term “material” used in this report refers to the “material topic” definition of the Global Reporting Initiative. It is used to refer to relevant topics that can reasonably be considered important to an organization’s economic, environmental, and social impacts, or influencing the decisions of stakeholders. “Material” for the purposes of this report does not equate to any use of the word in other Company reporting or filings with the SEC.
We consult with company SMEs to verify the significance of individual topics, evaluate data availability, and establish appropriate boundaries. Boundaries are discussed in our management approach disclosures for each material topic, but are generally limited to the stakeholders that are directly impacted or influenced by the topic in question.
Value Reporting Foundation - SASB Standards
We strive for continuous improvement, alignment with industry best practices, and leadership in corporate sustainably and responsibility. As a result, we periodically re-evaluate and update our sustainability and corporate responsibility programs and the ways in which we share our progress with stakeholders. In 2019 we produced our first Sustainability Accounting Standards Board (SASB) Disclosure Supplement. In June of 2021, the IRC and SASB formed the Value Reporting Foundation, providing comprehensive suite of tools to assess, manage and communicate value. The Value Reporting Foundation SASB Standards provides a collection of industry-specific standards to help measure and communicate performance on environmental, social and corporate governance (ESG) topics. Leidos is categorized in the Software and IT Services Industry and the Technology & Communications Sector. Leidos is primarily a services corporation, however, and the nature of our business guides the disclosure topics adopted and disclosed from the SASB standards. In some instances, only partial information is available.
In 2020, we have integrated our GRI™ Index and SASB Standards into one index to provide a comprehensive view of our corporate performance. Where GRI supports broad and comprehensive disclosures on organizational impacts, SASB focuses on a subset of financially material issues by sector.
The Way Forward
In 2021, Leidos partnered with outside experts to conduct a formal Assessment and Stakeholder Engagement. This engagement, alongside an analysis of internal and external trends, and alignment with our business priorities helped us to develop the Leidos Next Level ESG Goals. The goals will form the basis of our Sustainability Management Plan (SMP) and drive progress in our priority areas.