steve luczo - key note adress - "why focus on compassion in business?"

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Steve LUCZO Chairman, President and CEO

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Page 1: Steve Luczo - Key Note Adress - "Why Focus on Compassion in Business?"

SteveLUCZO

Chairman, President and CEO

Page 2: Steve Luczo - Key Note Adress - "Why Focus on Compassion in Business?"

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•Seagate -- who we are, case study

•Compassion and

Connected Capitalism

AGENDA…

Page 3: Steve Luczo - Key Note Adress - "Why Focus on Compassion in Business?"

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Who Are We?

Hard Drive company

We enable the Cloud, mobility… the world

High Tech company

Commodity company

Open source hardware company

Page 4: Steve Luczo - Key Note Adress - "Why Focus on Compassion in Business?"

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We’re Global: 55,000 Employees in 24 CountriesSpringtown, N. Ireland

HQs, Admin and/or SalesDesign

Customer SupportDrive & Component Mfg

Oklahoma City, OK Teparuk & Korat, Thailand

Paris, France

Longmont, CO

Dublin, Ireland

Wuxi, China

Maidenhead, UK

Munchen, Germany

Shanghai, China

Tokyo, Japan

Beijing, China

Delhi, IndiaShrewsbury, MA

Suzhou, China

Taiwan

Amsterdam, Netherlands Shakopee, MN

Bloomington, MN

Fremont, CA

Science Park, Singapore

Johor & Penang, Malaysia

Woodlands, Singapore

Sydney, Australia

Ang Mo Kio, Singapore

Scotts Valley, CA

Gwanggyo, South Korea

Cupertino, CA

Manaus, Brazil

São Paulo, Brazil

Page 5: Steve Luczo - Key Note Adress - "Why Focus on Compassion in Business?"

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An Amazing Global Organization…

• Uses 45B components per year; 400+ major suppliers

• Delivers over 50M hard drives per quarter

• Serves 15.5M hot meals per year

• Buses employees over 1.5M miles per year (60x around globe)

• Supplier of the Year last year for “Social and Environmental Responsibility” at major customer

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•33+ years of deep roots, global footprint

• Nearly half-million people employed since 1979

• Annually, over past 20 years, 50,000 individuals and their families benefited from Seagate employment

The Human Impact of Our Business

Page 7: Steve Luczo - Key Note Adress - "Why Focus on Compassion in Business?"

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• …in our workplace and

supply chain

• Child labor avoidance, working hours, contract labor, ethics – leading-edge policies, procedures

• Workplace safety – 0.2 cases per 100 employees (7x better than industry!)

Focus on Human Rights

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Compassion in Our Communities

• “Capacity to Care” program…

– Focusing on local needs

– Providing the basics to the underserved

– Reaching out to the most vulnerable

Page 9: Steve Luczo - Key Note Adress - "Why Focus on Compassion in Business?"

Save the Bay • Wuxi Special Children Intervention Center • Habitat for Humanity Give2Asia

Rebuilding Together • Chao Yang Special School • Singapore Children’s Society

Turning Wheels for Kids • Second Harvest Food Bank • Holt Services Center • Ecology in Action

Suzhou Youth Center • A-Learn • Alameda County Food Bank • Youth Science Institute

Raks Thai Foundation • World Vision • Silicon Valley Community Foundation • Foyle Women’s Aid

Thai Fund Foundation • Red Cross • Chaipattana Foundation • Mayflower Primary School

Budding Artists Fund • China Youth Development Foundation • Age Concern Derry • ChildAid

Wuxi Women’s Association • The Haven • Maeyewool Community Children’s Center

Henderson Student Care Centre • Charis Hospice Penang • Ohlone Humane Society

Life Community Services Society • NTUC • Elderly Care Asia Community Services

Frontiers of Science Institute • Northern Colorado Medical Center • Crayons to Calculators

H.O.P.E. • Leukemia & Lymphoma Society • Sri Kenangan Home for the Elderly • Jacob’s Heart

O.U.R. Center • Imagine Foundation • Toys for Tots • Ride for The Roses • Soup Angels Expanding

Your Horizons • Action Works • Songkornpittayanikom School • Foyle Hospice

Northern Ireland Blood Transfusion • Simon Community • Save Our Shores • Salvation Army

St. Vincent dePaul • Big Brothers Big Sisters • Dove House • Simpson Housing • Starbase

Community Action Partnership • Volunteers Enlisted to Assist People • Family Giving Tree

Worcester County Food Bank • Minnesota Academy of Science • Wat Koodwien School

Prem Tinsulanonda Foundation • Scotts Valley Educational Foundation • Turning Wheels for Kids

Sungneon Municipality • Kudchick Municipality • Baan Parpheka School • Wat Bangkobua School

Baan Eau Arthorn • Shuo Wang Qiao School • Suzhou Educational Bureau

Wuxi New District Old Folks Home • Young Enterprise • Shan Children’s Home

Page 10: Steve Luczo - Key Note Adress - "Why Focus on Compassion in Business?"

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..and When Disaster Strikes

• Thailand floods 2011 and 2010

• Japan Tsunami 2011

• Haiti earthquake 2010

• Sichuan earthquake 2008

Page 11: Steve Luczo - Key Note Adress - "Why Focus on Compassion in Business?"

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Entering a War Zone: Northern Ireland

• 1993: 20+ years of “Troubles,” regional manufacturing down 40%; Seagate establishes wafer fab

Do the Right Thing

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Seagate-Northern Ireland Today

• Largest public employer in Derry… over 1,300 employees

• $1.1 billion capital investment to date

• Area rejuvenated – technology, creative digital media, tourism; UK’s first ever “City of Culture”

• Seagate, government, community:

Agents of Change

Page 13: Steve Luczo - Key Note Adress - "Why Focus on Compassion in Business?"

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What is Compassion?

• Reduce suffering

• Solve basic, preventable challenges

-- hunger, health, shelter, education

• Address human trafficking, exploitation

• Why less traction than environment, political crises?

Page 14: Steve Luczo - Key Note Adress - "Why Focus on Compassion in Business?"

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Mispricing of Compassion

• Lack of transparency

• Cost of inaction not clear

• Capital and resources flowing

inefficiently, not addressing root causes

Page 15: Steve Luczo - Key Note Adress - "Why Focus on Compassion in Business?"

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A Solution

• Connected Capitalism– Rewiring how business and

society relate

– Connect compassion, sustainability and core business

• Better leverages strengths of business, government, NGOs

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In an Uncertain World, Seagate Cares

• Leave here with call to action

New transparency on economics of compassion

Measureable results

Page 17: Steve Luczo - Key Note Adress - "Why Focus on Compassion in Business?"

Thank You