Lumentum Awarded Platinum EcoVadis Medal for Second Consecutive Year
April 22 2024 - 8:30AM
Business Wire
Leading Photonics Provider Maintains Top Rating
for Superior Sustainability Performance; Increases its
Environmental Score by 10 Points
Lumentum Holdings Inc. ("Lumentum"), a market-leading designer
and manufacturer of innovative optical and photonic products, today
announced that it 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 to 80 points. In the
environmental category, the company increased its score by 10
points from last year. Medals are awarded based on the percentile
rank of a company compared to the performance of all rated
companies.
“Receiving the EcoVadis Platinum Medal for the second
consecutive year is a testament to Lumentum's commitment to
sustainability,” said Alan Lowe, president and CEO at Lumentum.
“This achievement reflects our efforts to integrate sustainable
practices across all of our operations. 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.”
“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,” said Misha Rozenberg, senior vice president of
Global Operations and chief quality officer at Lumentum. “We
couldn’t have achieved this prestigious recognition without the
hard work and close collaboration of many teams across
Lumentum.”
Lumentum’s ongoing mission to uphold the highest standards of
environmental, social, and ethical governance is a top corporate
priority. Some of the company’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 decreased by 25%, compared to fiscal year 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 year 2023.
- Divert 90% of non-hazardous waste by fiscal year 2027.
70% of non-hazardous waste was diverted from landfill in fiscal
year 2023.
EcoVadis is the global standard for business sustainability
ratings. The EcoVadis assessment evaluates 21 sustainability
criteria across four core categories including Environment, Labor
and Human Rights, Ethics and Sustainable Procurement. More than
100,000 companies globally have been rated by the organization.
Its 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 the company’s achievement, through its partnership with
One Tree Planted, a nonprofit organization focused on global
reforestation.
To learn more about Lumentum’s commitment to sustainability,
read its 2023 Corporate Sustainability Report.
About Lumentum
Lumentum (NASDAQ: LITE) is a market-leading designer and
manufacturer of innovative optical and photonic products that
enable optical networking and laser applications worldwide. Their
optical components and subsystems are part of virtually every type
of telecom, enterprise, and data center network. Lumentum lasers
empower advanced manufacturing techniques and diverse applications,
including next-generation 3D sensing capabilities. Headquartered in
San Jose, California, Lumentum operates R&D, manufacturing, and
sales offices worldwide. For more information, visit
www.lumentum.com and follow Lumentum on LinkedIn, X (Twitter),
Facebook, Instagram, and YouTube.
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version on businesswire.com: https://www.businesswire.com/news/home/20240422310311/en/
Investors: Kathy Ta, 408-750-3853,
investor.relations@lumentum.com Media: Noël Bilodeau,
408-439-2140, noel.bilodeau@lumentum.com
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