Logitech Recognized for Addressing Climate Change within the Supply Chain
March 29 2023 - 03:01AM
Business Wire
Ranked among the top 8% of companies in annual
CDP Supplier Engagement Leaderboard
Logitech International (SIX: LOGN) (Nasdaq: LOGI) announced
today that it has been recognized as a Supplier Engagement Leader
by CDP, a global nonprofit that runs the global disclosure system
for investors, companies, cities, states and regions to manage
their environmental impacts. CDP ranked Logitech among the top 8%
of all companies assessed for supplier engagement on climate
change.
“For global organizations like Logitech, our carbon reduction
goals go well beyond our factory doors, they are interdependent on
the success of our suppliers. Only by working together, can we
drive environmental action at scale,” said Prakash Arunkundrum,
chief operating officer at Logitech. “As a company that holds
ourselves accountable to carbon reductions from the sourcing of raw
materials through to manufacturing, distribution, consumer use, and
product end-of-life, we recognize the value of supplier engagement
as a crucial component to identifying opportunities that tackle
environmental risks.”
CDP’s Supplier Engagement Leaderboard and annual assessment is
based on how well individual companies proactively work with
suppliers to ensure climate change mitigation throughout their
value chain. It assesses performance on supplier engagement using a
company’s response to selected questions in the CDP climate change
questionnaire on governance, targets, scope 3 emissions, and value
chain engagement. In 2022, more than 18,600 companies around the
world disclosed their climate change data through CDP. Logitech
assesses product carbon footprint across the full value chain and
uses 3rd party validated life-cycle assessment (LCA) modeling to
help identify reduction opportunities through its Design for
Sustainability program.
“This year’s report shows that environmental action is not
happening at the speed, scale and scope required to limit global
temperature rises to 1.5 degrees, with many companies still not
acknowledging that their impact on the environment extends far
beyond their operations and that of climate change,” said Sonya
Bhonsle, Global Head of Value Chains, CDP. “Therefore, we need to
see environmental leadership from companies right now by tackling
their impacts on climate change and nature together, working with
their suppliers in an integrated way.”
Logitech has achieved other widespread recognition for its
sustainability performance. It is a third consecutive year member
of the Dow Jones Sustainability Europe Index (DJSI), a widely
recognized standard for measuring and advancing Environmental,
Social, and Governance (ESG) criteria. It is also rated “AAA”1 by
MSCI representing the top 9% in the technology, hardware and
peripherals industry globally, achieved “Prime” status in the ESG
assessment carried out by Institutional Shareholder Services (ISS),
recognized by the Financial Times as #1 in Europe for climate
leadership in 2022, was elevated to the top 1% of sustainable
companies by EcoVadis with their platinum rating in 2022, became a
Gender Fair certified company, and was listed on the 2021 Forbes’
world ranking of “Top Female Friendly Companies.” Learn about all
of Logitech’s sustainability programs in the 2022 Impact Report or
on the website.
About Logitech
Logitech helps all people pursue their passions and is committed
to doing so in a way that is good for people and the planet. We
design hardware and software solutions that help businesses thrive
and bring people together when working, creating, gaming and
streaming. Brands of Logitech include Logitech, Logitech G, ASTRO
Gaming, Streamlabs, Blue Microphones and Ultimate Ears.
Founded in 1981, and headquartered in Lausanne, Switzerland,
Logitech International is a Swiss public company listed on the SIX
Swiss Exchange (LOGN) and on the Nasdaq Global Select Market
(LOGI). Find Logitech at www.logitech.com, the company blog or
@logitech.
Logitech and other Logitech marks are trademarks or registered
trademarks of Logitech Europe S.A. and/or its affiliates in the
U.S. and other countries. All other trademarks are the property of
their respective owners. For more information about Logitech and
its products, visit the company’s website at www.logitech.com
1MSCI AAA rating as of 12th December 2022. The use by Logitech
of any MSCI ESG Research LLC or its affiliates ("MSCI") Data, and
the use of MSCI logos, trademarks, service marks or index names
herein, do not constitute a sponsorship, endorsement,
recommendation, or promotion of Logitech by MSCI. MSCI services and
data are the property of MSCI or its information providers, and are
provided "as-is" and without warranty. MSCI names and logos are
trademarks or service marks of MSCI.
(LOGIIR)
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version on businesswire.com: https://www.businesswire.com/news/home/20230329005237/en/
Nicole Kenyon, Head of Global Corporate & Employee
Communications - USA (510) 988-8553 Marie Perriard, Head of
Sustainability Communications - USA mperriard@logitech.com Ben
Starkie, Corporate Communications - Europe +41 (0) 79-292-3499
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