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October 31, 2008
(Minneapolis, Minnesota, USA) - In the firm belief that "going green" is more than a catch phrase, Fair Isaac Corporation (NYSE: FIC), the leading provider of analytics and decision management technology, formally announced its Sustainable Enterprise Initiative today. This company-wide program is designed to reduce Fair Isaac's carbon footprint through energy and natural resource conservation, while also delivering operational savings.
The company will focus initially on three areas: improving the energy efficiency of its information technology infrastructure; reducing employee commute miles through telecommuting; and using post-consumer paper products wherever possible while decreasing overall consumption of paper.
Taken together, these efforts are expected to meaningfully reduce Fair Isaac's greenhouse gas emissions. Specifically, by 2010, Fair Isaac plans to cut the amount of power needed to run its information technology systems by 50 percent and reduce its printing output by 80 percent.
"As a company, we're determined to reduce our carbon footprint and do our part in addressing climate change," said Laurent Pacalin, chief marketing officer of Fair Isaac and co-founder of the Clean Tech Open . "Thanks to the enthusiastic support of employees and Fair Isaac's leadership team, we're already making measureable progress."
The Fair Isaac Sustainable Enterprise Initiative is a multi-year program, with specific goals and metrics to chart the company's performance and efficiency gains as well as its reduction in carbon emissions.
"The drive to create this program actually emanated from all across the company at once," commented Christopher Rence, chief information officer at Fair Isaac. "At the same time company leadership was considering the best ways to increase system efficiency and performance, employees were asking what more they could do in terms of recycling and other volunteer activities. So in comparison to some companies, our decision to undertake this initiative has been quick and easy."
About Fair IsaacFair Isaac Corporation (NYSE:FIC) transforms business by making every decision count. Fair Isaac's Decision Management solutions combine trusted advice, world-class analytics and innovative applications to give organizations the power to automate, improve and connect decisions across their business. Clients in 80 countries work with Fair Isaac to increase customer loyalty and profitability, cut fraud losses, manage credit risk, meet regulatory and competitive demands, and rapidly build market share. Fair Isaac also helps millions of individuals manage their credit health through the www.myFICO.com website.
Fair Isaac Statement Concerning Forward-Looking Information Except for historical information contained herein, the statements contained in this press release that relate to Fair Isaac are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the success of the Company's Decision Management strategy, its ability to recruit and retain key technical and managerial personnel, the maintenance of its existing relationships and ability to create new relationships with customers and key alliance partners, its ability to continue to develop new and enhanced products and services, competition, regulatory changes applicable to the use of consumer credit and other data, the possibility that the anticipated benefits of acquisitions, including expected synergies, will not be realized and other risks described from time to time in Fair Isaac's SEC reports, including its Annual Report on Form 10-K/A for the year ended September 30, 2007, and its quarterly report on Form 10-Q for the period ended June 30, 2008. Forward-looking statements should be considered with caution. If any of these risks or uncertainties materializes or any of these assumptions proves incorrect, Fair Isaac's results could differ materially from Fair Isaac's expectations in these statements. Fair Isaac disclaims any intent or obligation to update these forward-looking statements.
Fair Isaac is a registered trademark of Fair Isaac Corporation in the United States and in other countries.
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