Oracle was founded in 1977 and is known for its database software and cloud services. The company also manufactures computer equipment, including servers and storage hardware. It has its headquarters in the United States and operations around the world, with 46% of its 2020 fiscal year revenue generated outside the Americas. The company’s cloud services are available globally in 30 regions.
Oracle has a commitment to incorporate accessible design principles in its products. It also adheres to international design principles and has products designed for users with disabilities. In addition, Oracle partners with the National Federation of the Blind in the US to support users with disabilities.
Ponelopele Oracle Secondary School in Johannesburg, South Africa is an example of the company’s support for advancing school connectivity. The school was established in 2006 in a low-income neighbourhood, and is equipped with interactive smartboards, tablets and LEGO robotic devices. In 2020, the company expanded its Design Tech High School model to other schools across the US and Latin America. Through these schools, Oracle is encouraging and supporting young people from underrepresented backgrounds to pursue careers in science, technology, engineering and mathematics (STEM) fields.
Oracle demonstrates good practices in its senior-level oversight of cybersecurity. It has a security oversight committee, which is chaired by the company’s CEO and reports to the board of directors. The company also follows industry norms for monitoring and responding to security incidents.
Oracle demonstrates leadership in open innovation through its commitment to open source initiatives and its participation in the work of standards bodies and open source projects. The company supports sustainability research related to health and its external research office is involved in research collaborations with universities. In addition, Oracle supports start-ups through mentorship, and free or discounted software.
Little evidence was found of Oracle’s support for making digital technologies available for underserved populations. The company can consider introducing initiatives in this area. Further, it can support digital opportunities for girls and women. Oracle is an industry leader in many accessibility areas, but it can enhance transparency by reporting the number of its employees with disabilities. Moreover, while the company reports its community investments, it can also disclose how the economic value it generates is distributed across its stakeholders, as well as income taxes paid and employment in its main markets.
Oracle has well-running technical skills development and school connectivity programmes that merit third-party impact assessments. In addition, the company has an opportunity to consider introducing initiatives for basic and intermediate digital skills development.
Oracle can enhance its support for the tech innovation ecosystem, by developing initiatives focused on supporting entrepreneurs from underrepresented groups. The company also has an opportunity to enhance transparency by disclosing the number of its women employees in technical roles and the ethical guidelines it applies to its research and development (R&D).
Core social indicators
The core social indicators assess societal expectations of business conduct that companies should meet if they aspire to be part of a system transformation that leaves no one behind.
Oracle commits to respecting human rights and the ILO core labour rights. It also has a publicly available policy statement that expects its business relationships to commit to respecting the ILO core labour rights. The company also has a grievance mechanism accessible to both workers and external stakeholders to raise human rights concerns and complaints. However, Oracle does not disclose a process to identify, assess and take action on the salient human rights risks in its own operations and in its business relationships. The company also does not engage with stakeholders whose human rights could be impacted by its operations.
Oracle commits to respecting the health and safety of workers but does not require this from its business relationships. The company does not disclose a policy commitment stating that it does not require workers to work more than the regular and overtime hours. It also does not explicitly state whether it expects its business relationships to make this commitment. Oracle is committed to gender equality and women’s empowerment, but it does not disclose time -bound targets on the subject. The company discloses information on gender diversity in the workforce. However, it has an opportunity to disclose information on more indicators of diversity per employee category.
Oracle has a policy prohibiting bribery and corruption, and it includes anti-bribery and anti-corruption clauses in contracts with its business relationships. Furthermore, the company takes steps to identify and address bribery and corruption and has a grievance mechanism for stakeholders to raise concerns and complaints on the topic. Oracle discloses a tax strategy that is only applicable to its UK operations. The company discloses the income taxes it pays in three categories: federal, state and foreign taxes. However, it does not disclose income tax payments in its individual tax jurisdictions. Oracle does not disclose its approach to lobbying and political engagement. Specifically, the company does not have a publicly available statement indicating that it does not make political contributions, and it does not disclose its lobbying expenditures.