Legrand's Commitment to Sustainable Development in Upcoming CSR Roadmap
Legrand's Commitment to Sustainable Development in Upcoming CSR Roadmap
Legrand, a leader in electrical and digital building infrastructures, has launched its sixth global Corporate Social Responsibility (CSR) Roadmap, which outlines ambitious goals for the years 2025 to 2027. This roadmap is not merely a document; it reflects the company's enduring dedication to sustainability and social responsibility, particularly in North America.
“How we work is just as important as what we work on,” expressed Brian DiBella, the President and CEO of Legrand in North and Central America. His words resonate with the company's internal philosophy: improving lives through sustainable practices. With this CSR initiative, Legrand aims to set an example while creating a meaningful impact across its operations and value chain.
Specific Goals of the CSR Roadmap
The 2025-2027 CSR Roadmap includes several key objectives that build on previous accomplishments. Here are a few highlights:
Mitigating Climate Change
By 2027, Legrand aims to achieve a 10% reduction in its scope 1 and 2 emissions compared to the previous year, alongside a targeted 30% decrease in CO2 emissions from supplier operations. This ambitious goal will significantly cut down the emissions associated with purchased goods, thus paving the way for a more sustainable future.
Developing a More Circular Economy
Legrand's commitment to a circular economy means that by 2027, half of all new and redesigned projects will comply with its Eco-Design index criteria. Additionally, the company plans to incorporate 37% of sustainable materials in their products, while significantly reducing primary plastic packaging by 80% by weight.
Serving Customers with Sustainable Solutions
Legrand strives to lead the charge in energy efficiency. By 2027, the company intends to facilitate a reduction of 20 million tons of CO2 emissions for its customers through its innovative and energy-efficient products.
Responsible Business Practices
Legrand also emphasizes its responsibility towards its employees and suppliers. The aim is for 90% of its workforce to complete training requirements by 2027, alongside a 20% reduction in workplace accidents compared to 2024. Furthermore, the company ensures that all key suppliers comply with established human rights standards and ethics policies.
Recognizing Achievements and Future Aspirations
The goals set forth in Legrand's roadmap are not merely targets; they build upon the organization's substantial achievements over the years. Recently, Legrand received a “Gold” sustainability rating from EcoVadis, placing it in the top 5% of over 150,000 evaluated companies. Additionally, it secured an “A” rating for its climate commitments from the CDP, previously known as the Carbon Disclosure Project.
Recent Milestones in North America
Legrand's drive towards sustainability has resulted in some impressive recent accomplishments:
- Supplier Commitments: The company enlisted 139 suppliers to commit to a 30% reduction in their CO2 emissions by 2030, representing a total reduction of 157,728 kilotons of carbon emissions.
- Usage of Renewable Energy: Currently, 89% of the company’s electricity comes from renewable sources, participating in the RE100 initiative that aims for 100% renewable electricity by 2030.
- Transparency in Products: Legrand has made strides in providing transparency, publishing environmental product documents for more than 70% of its sales, including Environmental Product Declarations and Health Product Declarations.
- Community Engagement: Through its Better Communities program, Legrand has contributed approximately $3 million in funding and donated around $18 million worth of products to numerous non-profit initiatives.
- Increased Use of Recycled Materials: Highlighting its commitment to sustainability, Legrand's wire mesh cable tray, composed of 97% recycled materials, is now completely recyclable and widely adopted in various sectors including data centers.
“Our progress in reducing energy usage, advancing renewable initiatives, and promoting sustainability among our products is growing stronger every day,” shared Ratish Namboothiry, the Vice President of Sustainability and CSR. “Our goal remains to weave sustainability into the very fabric of our operations and supply chain design, ensuring a better future for everyone.”
About Legrand
Legrand is recognized as a global authority in electrical and digital building infrastructures, committed to enhancing life by providing innovative and sustainable solutions. With a strategy of profitable and responsible growth, the company reported impressive sales of €8.6 billion in the last fiscal year and continues to set benchmarks within the industry. As part of its ongoing mission, Legrand integrates technological advancements to transform spaces into more efficient and connected environments.
Frequently Asked Questions
What is Legrand's latest CSR initiative about?
Legrand has launched its 2025-2027 CSR Roadmap, focusing on sustainability and social responsibility to drive positive change.
What are the major environmental goals set by Legrand?
The goals include reducing scope 1 and 2 emissions by 10% and cutting supplier CO2 emissions by 30% by 2027.
How does Legrand plan to promote diversity and inclusion?
Legrand aims to expand its GEEIS-Diversity certification and support the next generation of employees in the industry by 2027.
What recognition has Legrand received for its sustainability efforts?
Legrand holds a Gold rating from EcoVadis and an A rating from the CDP for its climate commitment.
How can I contact Legrand for more information?
Media inquiries can be directed to Glen Gracia at 339.499.8680 or via email at glen.gracia@legrand.us.
About The Author
Contact Henry Turner privately here. Or send an email with ATTN: Henry Turner as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.