Founded in 1979, Seagate Technology is a manufacturer of data storage devices. Headquartered in Dublin, the company operates manufacturing sites in China, Malaysia, Singapore, Thailand, UK, and the US.
In respect to open innovation, Seagate participates in international standards organisations. In regard to inclusive and diverse innovation, the company discloses the number of its women employees engaged in technical roles and the locations of its research and development (R&D) facilities.
No evidence was found that Seagate undertakes initiatives that contribute to increasing access to digital technology. There is an opportunity for the company to support initiatives in this area and to consider more impactful support of digital opportunities for women and girls. The company should disclose the number of its employees with disabilities and take steps to create an inclusive workplace for them. Seagate should also report how it distributes the wealth it creates among its stakeholders, as well as its taxes paid and employment in its main markets.
No evidence was found that Seagate undertakes initiatives contributing to the development of digital skills or to increasing school connectivity. There are opportunities for the company to contribute in these areas.
There is an opportunity for Seagate to disclose how responsibility for cybersecurity is managed at a senior level in the company. Seagate demonstrates best practice by making its information security management certification publicly available. However, the company should report how it monitors and responds to security incidents and disclose its data breaches. As a digital company whose products could be misused, Seagate should make a high-level commitment to child online protection.
Seagate has an opportunity to enhance its support for open, inclusive and ethical innovation. This includes support for open source projects and standards, the tech innovation ecosystem and sustainable development. The company can also disclose the ethical principles it follows for its research and development (R&D) activities.
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.
Seagate commits to respecting human rights in a publicly available policy document. However, the company’s commitment to respect the ILO core labour rights can be stronger. For example, the company does not disclose, in a policy statement, that it requires its business relationships to respect the right to freedom of association and collective bargaining.
Seagate has a grievance mechanism accessible to both workers and external stakeholders to raise human rights concerns and complaints. The company has included human rights issues in its materiality assessment. However, it does not disclose a process to identify, assess and take action on salient human rights risks associated with its own operations and with its business relationships. Seagate describes the stakeholders it engages with whose human rights have been or may be affected by its activities, but it does not provide examples of these engagements.
Seagate publicly commits to respecting the health and safety of workers and the company expects its business relationships to do the same. 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 that it requires its business relationships to do the same.
Seagate provides no relevant evidence in relation to paying its workers a living wage. The company mentions the percentage of its workers who are members of a trade union, but it is not clear if the same percentage of workers are covered by collective bargaining agreements. Seagate has publicly committed to women’s empowerment and discloses workforce diversity information on four indicators of diversity per employee category.
Seagate 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. The company has a tax strategy, but it is only applicable for its UK operations. While the company discloses the income taxes it pays in two categories: US and non-US, it does not disclose income tax payments for its individual tax jurisdictions. Seagate discloses its approach to lobbying and political engagement and states that it does not make political contributions. But it does not disclose its lobbying expenditures for its global operations.