Iveco Group Achieves Platinum Status in Sustainability Ratings
Iveco Group Secures Prestigious Recognition in Sustainability
Iveco Group proudly announces its award of the Platinum Medal from EcoVadis, a leading global provider of business sustainability ratings. Scoring an impressive 85 out of 100, the company now stands in the top 1% among over 150,000 organizations assessed worldwide.
Commitment to Sustainability and Continuous Improvement
After receiving the Gold Medal in 2023, this recent upgrade to Platinum showcases Iveco Group's unwavering commitment to integrating Environmental, Social, and Governance (ESG) priorities into its business framework. EcoVadis evaluates sustainability performance through a detailed analysis of 21 criteria across four core themes: environment, labor & human rights, ethics, and sustainable procurement. This rigorous evaluation process confirms the effectiveness of Iveco Group’s initiatives in creating a more responsible and ethical business model.
Words from Leadership
Olof Persson, CEO of Iveco Group, expressed pride in the company's sustainable practices. "Ranking in the top 1% of the EcoVadis assessment is confirmation that we are moving in the right direction towards increasingly responsible business practices. I am a true believer in incorporating sustainability into our culture and strategy across the entire value chain. This approach enhances long-term value for our customers and all stakeholders. We will continue advancing our sustainability goals as we deliver quality products that embody our dedication and passion,” he stated.
A Closer Look at Iveco Group
Notably, Iveco Group N.V. (EXM: IVG) is home to a diverse array of brands that play crucial roles in advancing a sustainable society. Each brand specializes in various sectors, contributing significantly to their industries. For instance, IVECO leads in commercial vehicles, offering an extensive range of heavy, medium, and light-duty trucks. FPT Industrial stands out as a global leader in advanced powertrain technologies servicing agriculture, construction, marine, power generation, and commercial vehicle sectors.
Innovation in Transportation Solutions
The brands under the Iveco banner include IVECO BUS and HEULIEZ, recognized for their innovations in mass transit and premium buses and coaches; IDV, specializing in defense and civil protection equipment; and ASTRA, leading in heavy-duty quarry and construction vehicles. Additionally, IVECO CAPITAL supports its brand ecosystem with financing solutions, fostering continuous growth across various markets.
Global Presence and Workforce
As of the end of December, the company boasts a global workforce of over 36,000 employees, operating from 20 industrial sites and 31 R&D centers worldwide. This extensive network not only facilitates innovative practices but also reinforces their commitment to sustainability at a granular level. The expertise and dedication of the workforce are vital to driving the company’s strategic goals and addressing the pressing challenges of climate change and resource management.
Future Directions in Sustainability
Looking ahead, Iveco Group is devoted to furthering its sustainability initiatives, focusing on advancing technologies that minimize environmental impact while enhancing performance. This includes ongoing investments in research, development, and partnerships aimed at fostering sustainable practices within the transport industry.
Frequently Asked Questions
What did Iveco Group achieve with EcoVadis?
Iveco Group received the Platinum Medal from EcoVadis, placing it in the top 1% of over 150,000 globally assessed companies.
What are the key themes EcoVadis evaluates?
EcoVadis evaluates companies based on four core themes: environment, labor & human rights, ethics, and sustainable procurement.
Who is the CEO of Iveco Group?
The CEO of Iveco Group is Olof Persson, who emphasizes the importance of sustainability in the company's strategy.
What industries does Iveco Group serve?
Iveco Group operates across various sectors, including commercial vehicles, powertrain technologies, mass transit, and defense systems.
How many employees does Iveco Group have?
As of December, Iveco Group employs more than 36,000 people worldwide.
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