Designing for Sustainability Drives Progress Along Logitech’s Sustainability Journey
August 30 2023 - 03:01AM
Business Wire
FY23 Impact Report details environmental and
social performance
Logitech International (SIX: LOGN) (Nasdaq: LOGI) published its
Fiscal Year 2023 Impact Report detailing the Company’s progress
toward its sustainability commitments. Logitech is dedicated to
removing more carbon than it produces, aiming to achieve climate
positive by 2030. Since 2019, Logitech has reduced Scope 1 and 2
emissions by more than 56% and its carbon intensity has decreased
by 74%. Scope 3 value chain emissions have reduced by more than 21%
since 2021.
“As part of our long-term journey toward climate positivity, our
15th Impact Report illustrates how our teams, including our value
chain partners, are making meaningful progress on lifecycle carbon
reductions,” said Prakash Arunkundrum, chief operating officer at
Logitech. “Our Design for Sustainability approach continues to
scale, accelerating the transition to lower impact materials and
circular alternatives across our product portfolio.”
Designing for Sustainability is a catalyst for reducing negative
environmental impact and elevating social impact. Because sourcing
materials and the manufacturing of Logitech products comprises 65%
of the company’s entire carbon footprint, moving to renewable
energy, partnering with suppliers, and focusing on removing and
reducing hidden impacts early in the design process are critical to
achieving the company’s climate goals. Highlights from this year's
report include the following:
- Nearly two in three (2:3) products now use post consumer
recycled plastic, lowering carbon and environmental impact across
the portfolio.
- Over 50% of new products have FSCTM-certified packaging and 11%
of all Logitech products use FSCTM-certified packaging, an
initiative that not only supports the transition away from
single-use plastic packaging, but ensures paper packaging is
certified from responsibly managed sources.
- Logitech is transparent about its entire scope of impact and
pledged to carbon label its products, holding itself accountable
for reducing the entire scope of that impact. 42% of Logitech
products shipped in 2022 had a product carbon footprint label
compared to 17% in 2021.
- Logitech increasingly chooses materials made using renewable
energy. 43 product lines use low carbon aluminum for lower carbon
impact.
- Logitech facilities across the globe are powered by 94%
renewable electricity and it is driving greater adoption of
renewable energy within its supply chain with its renovated
Renewable Electricity Buyer’s Program. Collaborative efforts with
suppliers to match energy consumption with renewable electricity
certificates led to over 75,000 tCO2 carbon savings.
- Logitech neutralized its entire carbon emissions across
operations and its scope 3 value chain for the second year in a
row.
“The programs across Logitech aim to advance the positive impact
we can have on individuals, communities, and society,” said Kirsty
Russell, head of people and culture at Logitech. “In particular, we
have taken an accelerated approach to addressing the barriers that
keep people from accessing inclusive technology. Creating programs
that challenge existing stereotypes and enable all people to work,
create, and play will make everyone successful.”
- The company co-founded the Coalition for Gender Fair
Procurement and adopted a new standard for gender equality in the
procurement process by introducing Gender Fair’s Assessment
Methodology.
- Logitech continues to elevate programs and products that
promote equity and inclusivity in communities throughout the world.
Logitech’s Aurora Product Collection and the Adaptive E-Sports
Tournament were intentionally designed to challenge existing biases
and stereotypes, enhancing inclusivity in gaming.
Logitech’s FY23 Impact Report was developed with reference to
the Global Reporting Initiative (GRI) standards, the Sustainability
Accounting Standards Board (SASB) standard, recommendations
outlined by the Task Force on Climate-Related Financial Disclosures
(TCFD), and in alignment with the United Nations Global Compact
(UNGC) and UN Sustainable Development Goals (SDGs).
More information on these and other sustainability
accomplishments can be found in the FY23 full report. Learn more
about all of Logitech’s sustainability initiatives and commitments
on the website at Logitech.com/sustainability.
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
(LOGIIR)
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version on businesswire.com: https://www.businesswire.com/news/home/20230830123359/en/
Marie Perriard, Head of Sustainability Communications - USA
mperriard@logitech.com Nicole Kenyon, Head of Global Corporate
& Employee Communications - USA (510) 988-8553 Ben Starkie,
Corporate Communications - Europe +41 (0) 79-292-3499
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