Landis+Gyr Awarded EcoVadis Platinum Medal for Sustainability
Landis+Gyr Group AG (SIX: LAND), recognized globally for its commitment to energy management and sustainability, has once again been awarded the esteemed EcoVadis Platinum medal. This award signifies exceptional performance in sustainable practices, highlighting the company's unwavering dedication to reducing carbon footprints and enhancing energy management solutions.
Achievements in Sustainability
Achieving Platinum status for the second consecutive year reflects Landis+Gyr's strategic initiatives that have led to an increased score from 80 to 85 on the EcoVadis rating scale. This achievement places Landis+Gyr within the top 1% of nearly 150,000 companies evaluated, illustrating its leadership role in the industry.
Commitment to Sustainable Practices
Central to the company’s mission is its commitment to decarbonizing energy infrastructure globally. The recent recognition not only underscores this commitment but also demonstrates the effective integration of sustainable practices into the company’s operations and product offerings.
Statements from Leadership
Peter Mainz, CEO of Landis+Gyr, expressed pride in the company's achievement, stating, "Achieving EcoVadis Platinum status for the second year in a row reinforces our commitment to creating measurable impact. Our progress reflects compliance with global standards and a deeper focus on integrating sustainability into every facet of our business. This includes everything from product innovation to supply chain practices, which ultimately helps utilities and communities move towards a low-carbon future."
The Importance of Sustainability Leadership
As sustainability becomes increasingly significant in supplier evaluations, Landis+Gyr's EcoVadis scorecard is a valuable asset. It serves as a benchmark for customers who are demanding measurable sustainability leadership from their partners in the energy sector.
Cecilia Silva-Wagner, Head of ESG at Landis+Gyr, noted, "We celebrate this achievement, recognizing our teams' dedication and perseverance in advancing sustainability. Their ongoing collaboration and commitment to improvement drive us closer to our sustainability goals and create long-term value for our company and stakeholders. The recognition through EcoVadis is the culmination of these ongoing efforts."
EcoVadis Evaluation Standards
EcoVadis, a trusted entity providing business sustainability ratings, bases its evaluations on international standards including the UN Global Compact practices, International Labour Organization (ILO) conventions, the Global Reporting Initiative (GRI), and ISO 26000 guidelines. Their assessment spans 21 sustainability criteria across four core themes: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement.
This year, Landis+Gyr has excelled particularly in the Environmental dimension with a remarkable score of 95/100. Their leadership in emissions reduction and adoption of renewable energy strategies is evident and is complemented by high scores in Sustainable Procurement (86/100), Labor & Human Rights (82/100), and Ethics (80/100). Such evaluations assist the company in measuring its performance and pinpointing areas for continuous improvement in ESG impact.
About Landis+Gyr
Landis+Gyr is a premier global provider of integrated energy management solutions, driving the transition to smarter energy practices. The company plays a critical role in decarbonizing energy systems by analyzing energy usage and providing insightful analytics to both utilities and consumers. With a proven portfolio of products and services and a commitment to innovation, Landis+Gyr has facilitated a significant reduction of 9 million tons of CO2 emissions in fiscal year 2024 alone. The company reported sales of USD 1.7 billion in the same period and has a workforce of around 6,300 dedicated professionals spanning across continents.
For more information about Landis+Gyr’s sustainability efforts and energy management solutions, please visit their official website.
Frequently Asked Questions
What is the EcoVadis Platinum medal?
The EcoVadis Platinum medal is the highest recognition awarded for outstanding sustainability performance, indicating a company meets rigorous standards across various sustainability metrics.
Why is sustainability important for Landis+Gyr?
Sustainability is crucial for Landis+Gyr as it aligns with the company's mission to decarbonize energy systems and respond to increasing customer demand for measurable sustainability practices.
What criteria are evaluated by EcoVadis?
EcoVadis evaluates companies based on four main themes: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement, encompassing 21 different sustainability criteria.
How does Landis+Gyr achieve its sustainability goals?
Landis+Gyr achieves its sustainability goals through innovative product development, responsible supply chain management, and a robust commitment to reducing emissions and enhancing renewable energy use.
What does the future hold for Landis+Gyr's sustainability efforts?
The future of Landis+Gyr's sustainability efforts is bright, with ongoing initiatives aimed at improving energy efficiency, reducing carbon emissions, and expanding their sustainability leadership across the industry.
