News: Optoelectronics
15 February 2023
Lumentum awarded EcoVadis Platinum Medal for sustainability performance
Lumentum Holdings Inc of San Jose, CA, USA (which designs and makes optical and photonic products for optical networks and lasers for industrial and consumer markets) has received the EcoVadis Platinum Medal, the highest recognition level at EcoVadis for sustainability performance.
“Being awarded the EcoVadis Platinum Medal affirms our ongoing commitment to driving responsible business practices,” says Lumentum’s president & CEO Alan Lowe. “After receiving the EcoVadis Silver Rating in 2019 and Gold Rating in 2022, I am incredibly proud of our employees for their dedication and hard work, which has enabled us to achieve a Platinum Rating in 2023 – placing us among the top 1% of companies assessed by EcoVadis.”
Lumentum says that its ongoing mission to uphold the highest standards of social, ethical and environmental conduct remains a top corporate priority. The firm’s commitments to sustainability include:
- net-zero greenhouse-gas emissions from its global operations (Scope 1 and 2) by 2030;
- emission reductions in line with climate science with the Science Based Targets initiative;
- increase percentage of the firm’s electricity from renewable sources to 60% in fiscal-year 2023;
- divert 90% of non-hazardous waste by fiscal-year 2027.
As a global standard for business sustainability ratings, the EcoVadis assessment evaluates 21 sustainability criteria across four core themes: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement. More than 100,000 companies globally have been rated by EcoVadis.
EcoVadis’ business sustainability ratings are based on international sustainability standards such as the Ten Principles of the UN Global Compact, the International Labour Organization (ILO) conventions, the Global Reporting Initiative (GRI) standards and the ISO 26000 standard.
EcoVadis will be planting a tree on Lumentum’s behalf to celebrate the firm’s completion of the EcoVadis sustainability assessment, through the EcoVadis partnership with One Tree Planted, a non-profit organization focused on global reforestation.
Lumentum listed among America’s Most Responsible Companies for 2023
Lumentum releases 2022 Corporate Social Responsibility report
