Landis+Gyr Receives EcoVadis Platinum Medal for Sustainability
Landis+Gyr Group AG (SIX: LAND), a global leader in energy management solutions, has proudly announced its achievement of the prestigious EcoVadis Platinum medal for the second consecutive year. This recognition emphasizes Landis+Gyr's outstanding sustainability performance and its commitment to improving environmental practices. With an impressive overall score increase from 80 to 85, the company now ranks in the top 1% among around 150,000 companies assessed worldwide by EcoVadis.
Strengthening Sustainability Commitment
This accomplishment not only signifies excellent evaluation results but reinforces Landis+Gyr's dedication to sustainability initiatives, notably aligning with the Science-Based Targets initiatives (SBTi). The company's efforts in decarbonizing energy infrastructure globally resonate with its mission to integrate sustainability at all operational levels. This medal is a testament to how Landis+Gyr successfully implements sustainable methodologies across its operations.
Corporate Response to the Achievement
Peter Mainz, CEO of Landis+Gyr, expressed, "Achieving EcoVadis Platinum status for the second consecutive year reinforces our commitment to creating measurable impact. Our progress reflects not only compliance with global standards but a deeper focus on integrating sustainability into every facet of our business, from product innovation to supply chain practices. This approach helps utilities and communities accelerate the transition to a low-carbon future."
Team Dedication Highlighted
Cecilia Silva-Wagner, Head of ESG at Landis+Gyr, stated, "We celebrate this achievement, which recognizes our teams' dedication and perseverance in advancing sustainability at Landis+Gyr. Their ongoing collaboration and commitment to improvement move us closer to our sustainability goals and create lasting value for our company and stakeholders. The recognition by EcoVadis is the culmination of these efforts."
Details of the EcoVadis Assessment
EcoVadis, a globally recognized provider of business sustainability ratings, bases its evaluations on international standards including the Ten Principles of the UN Global Compact, International Labour Organization (ILO) conventions, and Global Reporting Initiative (GRI) standards. This assessment reviews 21 sustainability criteria within four core themes: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement.
This year, Landis+Gyr achieved its highest score in the 'Environment' category with a remarkable 95/100, demonstrating leadership in emissions reduction and renewable energy adoption. Following that, the company scored 86/100 in 'Sustainable Procurement', 82/100 in 'Labor & Human Rights', and 80/100 in 'Ethics'. These scores will guide Landis+Gyr in measuring its performance, uncovering risks, and identifying areas for improvement in its overall ESG impact.
Continued Commitment to Decarbonization
Landis+Gyr has become a pivotal player in energy management, ensuring that its solutions contribute to a decarbonized future. Since 1896, the company has been at the forefront of smart energy utilization, contributing significantly to reducing energy consumption across various sectors. For instance, Landis+Gyr enabled a remarkable 9 million tons of CO2 savings in the fiscal year 2024 through its advanced product offerings.
About Landis+Gyr
Landis+Gyr stands out as a leading global provider of integrated energy management solutions. The company measures and analyzes energy usage to offer empowering analytics for smart infrastructure management, helping utilities and consumers in their quest to optimize energy efficiency. With sales totaling USD 1.7 billion in FY 2024, they employ approximately 6,300 people worldwide, underscoring their capability and dedication to innovation in energy management.
About EcoVadis
Since its inception in 2007, EcoVadis has established itself as a trusted provider of business sustainability ratings, creating a network of more than 150,000 rated companies globally. The EcoVadis rating system evaluates businesses' sustainability performance using various international standards, providing actionable roadmaps for continuous improvement in sustainable practices.
Frequently Asked Questions
1. What is the EcoVadis Platinum medal?
The EcoVadis Platinum medal is a prestigious recognition awarded to companies demonstrating exceptional sustainability performance in their operations.
2. Why is Landis+Gyr's achievement significant?
This achievement highlights Landis+Gyr's commitment to sustainability and positions them among the top performers in eco-management globally.
3. How does EcoVadis evaluate companies?
EcoVadis bases its evaluations on various international standards and assesses multiple sustainability criteria across core themes.
4. What were Landis+Gyr's scores in different sustainability categories?
This year, Landis+Gyr received its highest scores in 'Environment' (95/100) and 'Sustainable Procurement' (86/100), among others.
5. What is Landis+Gyr's overall mission?
Landis+Gyr aims to decarbonize energy infrastructure worldwide while providing effective energy management solutions to utilities and consumers.
