Is there any correlation between the sustainability ranking and Keysight’s revenue growth or margins in recent quarters?

Short answer:

Based solely on the information in the news release, we cannot establish a direct correlation between Keysight Technologies’ improved sustainability ranking (rising from 247 th in 2024 to 127 th in 2025 on TIME/Statista’s “World’s Most Sustainable Companies” list) and its revenue growth or profit‑margin performance in recent quarters. The press release does not provide any financial metrics—such as quarterly revenue, year‑over‑year growth rates, or margin figures—that would allow us to link the two variables.

Why the current news isn’t enough to assess correlation

Without any of the above financial details, any claim of a causal or even a statistical relationship would be speculative.

How a correlation could be examined (if the data were available)

1. Collect the data series

   • Sustainability ranking (or a proxy such as a sustainability score) for each quarter or year.
     
   • Financial metrics – quarterly revenue, YoY revenue growth, operating margin, net margin, free cash flow, etc.

2. Statistical approach

   • Scatter‑plot: Plot sustainability score (or rank) against revenue growth or margin for each period.
     
   • Correlation coefficient (Pearson’s r): Quantifies the linear relationship.
     
   • Regression analysis: Regress revenue growth or margin on the sustainability score while controlling for other variables (e.g., macro‑economic conditions, R&D spend, product mix).

3. Interpretation

   • Positive correlation (e.g., higher sustainability score → higher margin) could suggest that sustainability initiatives are generating cost efficiencies or premium pricing.
     
   • No correlation would indicate that the ranking improvement is orthogonal to short‑term financial performance, perhaps reflecting longer‑term strategic positioning rather than immediate profit impact.

4. Qualitative cross‑check

   • Review earnings call transcripts, management commentary, and sustainability reports for mentions of “cost savings from energy efficiency,” “revenue uplift from green‑product lines,” or “margin improvement linked to waste‑reduction programs.”
     
   • Identify any lead‑lag effects (e.g., sustainability projects that start in Q1 may only affect margins in Q3‑Q4).

What to look for in Keysight’s public filings

• Form 10‑K / 10‑Q: These documents typically contain a “Management’s Discussion and Analysis” (MD&A) section where the company may discuss the financial impact of sustainability initiatives.
  
• Sustainability or ESG Report: Keysight publishes an annual ESG report that often quantifies carbon‑reduction, renewable‑energy usage, and associated cost savings.
  
• Investor presentations / earnings call transcripts: Executives sometimes highlight “green‑margin” improvements or “sustainable‑revenue” growth (e.g., sales of low‑power test equipment driven by environmental‑conscious customers).

If those sources show, for example, that a shift to renewable‑energy‑powered manufacturing reduced utility costs by X % and that this cost reduction coincided with a margin expansion in the same quarter, you could argue a partial correlation.

Practical next steps for a definitive answer

1. Pull the latest quarterly earnings releases (e.g., FY 2024 Q4, FY 2025 Q1‑Q2).
   
2. Extract revenue and margin figures and compute YoY growth rates.
   
3. Overlay the sustainability ranking timeline (2024 rank 247 → 2025 rank 127) and any disclosed sustainability milestones (e.g., 2024‑2025 carbon‑neutral manufacturing rollout).
   
4. Run a quick correlation test (even a simple spreadsheet Pearson calculation) to see if there’s any statistical relationship.
   
5. Read the MD&A for any explicit statements linking sustainability actions to cost or revenue outcomes.

Bottom line

• From the press release alone: No evidence of a correlation can be drawn.
  
• From a broader data set: A meaningful analysis would require quarterly financial data and, ideally, a sustainability score or detailed ESG metrics for the same periods.
  
• Recommendation: Review Keysight’s recent 10‑Q/10‑K filings, ESG reports, and earnings call transcripts to gather the missing financial data and any management commentary on the financial impact of sustainability initiatives. Only then can a robust, data‑driven assessment of correlation be performed.