Adobe Systems Incorporated (Adobe) is a software company. The company offers a line of products and services used by professionals, marketers, knowledge workers, application developers, enterprises and consumers for creating, managing, delivering, measuring, optimizing and engaging with compelling content and experiences across multiple operating systems, devices and media.
Adobe has created a suite of products that serve to promote dematerialization and contribute greatly to resource conservation. The company also commits to reducing its operational carbon impacts through efficiency improvements in its offices and data centers and through the use of renewable energy. Notably, Adobe has attained LEED certifications for more than two-thirds of its owned facilities and has a long-term goal of powering 100% of its operations from renewable sources by 2035. Adobe also offers strong compensation and work-life balance benefits, which likely explains the company’s satisfaction rate of above 90% in recent years. Some of these include stock options and profit sharing plans, sabbaticals and adoption assistance, and tuition reimbursements of up to $10,000. Finally, Adobe has solid data privacy and security measures in place to minimize risk exposure on this key issue. In particular, the company appointed a Chief Privacy Officer in 2013 and educates its employees on best practices. Lastly, Adobe utilizes a Privacy by Design approach and conducts rigorous monitoring, testing and reviews as a second layer of protection.
Adobe has a high number of long-tenured directors serving on its board and the company has yet to adopt a full majority director election standard, raising concerns about the efficacy of its board election practices.
Industry: Information Technology
Country: United States
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 12/31/16 and may not reflect current opinions or subsequent events.