News: Optoelectronics
22 April 2024
Lumentum awarded Platinum EcoVadis Medal for second consecutive year
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 for the second consecutive year, representing the highest level of recognition for sustainability performance. Lumentum remains in the top one percent of companies assessed by EcoVadis in the past year, increasing its overall score from 78 points to 80 points. In the environmental category, the firm increased its score by 10 points from last year. Medals are awarded based on the percentile rank of a company compared with the performance of all rated companies.
“This achievement reflects our efforts to integrate sustainable practices across all of our operations,” says Lumentum’s president & CEO Alan Lowe. “We are dedicated to pushing the boundaries of what is possible, driving both technical innovation and operational advancements that serve our customers and create a positive impact on our planet and communities,” he adds.
“We have continuously improved our sustainability efforts every year and it is a major accomplishment to be recognized among the elite top one percent for our environmental initiatives for two consecutive years,” says Misha Rozenberg, senior VP of global operations and chief quality officer.
Some of Lumentum’s key environmental commitments and recent accomplishments include:
- Achieve net-zero greenhouse-gas (GHG) emissions from global operations (Scope 1 and 2) by 2030. In fiscal year 2023, GHG emissions fell by 25%, compared with fiscal 2022.
- Increase percentage of renewable electricity for global operations year over year. Lumentum doubled the percentage of renewable energy sourced for its global operations from 31% to 61% in fiscal 2023.
- Divert 90% of non-hazardous waste by fiscal year 2027. 70% of non-hazardous waste was diverted from landfill in fiscal 2023.
As a global standard for business sustainability ratings, the EcoVadis assessment evaluates 21 sustainability criteria across four core categories: Environment, Labor & Human Rights, Ethics and Sustainable Procurement. More than 100,000 companies globally have been rated by the organization.
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 UN Guiding Principles on Business and Human Rights.
EcoVadis previously recognized Lumentum with a Platinum Rating in 2023, a Gold Rating in 2022, and a Silver Rating in 2021. The organization will be planting a tree on behalf of Lumentum to celebrate its achievement, through its partnership with One Tree Planted, a non-profit organization focused on global reforestation.
Lumentum awarded EcoVadis Platinum Medal for sustainability performance
