Award recognizes success in hitting key
sustainability goals including meeting emissions reduction target 7
years early
PLANO,
Texas, Oct. 16, 2024 /PRNewswire/
-- Ribbon Communications Inc. (Nasdaq:
RBBN), a global provider of real time communications technology and
IP optical networking solutions to many of the world's largest
service providers, enterprises, and critical infrastructure
operators to modernize and protect their networks, announced that
it has been named to Newsweek's 2025 list of America's Greenest
Companies.
"This award celebrates the team's tremendous work and highlights
our continued focus on sustainability," said Patrick Macken, CLO and EVP, Ribbon. "One
particular point of pride is to have achieved our emissions
reduction target seven years early, facilitated by a deliberate 26%
cut in electricity consumption over six years and boosting our
renewable electricity consumption to 10% of our total electricity
use."
Ribbon's recent sustainability achievements include:
- 33% reduction in Scope 1+2 CO2e emissions compared to 2018,
exceeding our target 7 years ahead of schedule.
- 17% reduction in the rate of waste sent to landfills compared
to 2022
- 90% cumulative reduction in equipment and laboratory space
compared to non-optimized operations
- EcoVadis Silver Sustainability Rating in 2023 placing Ribbon in
the top 16%of our peer companies in the Information and
Communications Technology sector
Designed by Newsweek and Plant-A Insights Group in collaboration
with GIST Impact, the list is based on research and analysis of
public data of organizations both public and private in the
USA that meet the minimum
standards set by the European Union.
About Ribbon
Ribbon Communications (Nasdaq: RBBN)
delivers communications software, IP and optical networking
solutions to service providers, enterprises and critical
infrastructure sectors globally. We engage deeply with our
customers, helping them modernize their networks for improved
competitive positioning and business outcomes in today's smart,
always-on and data-hungry world. Our innovative, end-to-end
solutions portfolio delivers unparalleled scale, performance, and
agility, including core to edge software-centric solutions,
cloud-native offers, leading-edge security and analytics tools,
along with IP and optical networking solutions for 5G. We maintain
a keen focus on our commitments to Environmental, Social and
Governance (ESG) matters, offering an annual Sustainability Report
to our stakeholders. To learn more about Ribbon, please visit
rbbn.com.
Important Information Regarding Forward-Looking
Statements
The information in this release
contains forward-looking statements regarding future events that
involve risks and uncertainties. All statements other than
statements of historical facts contained in this release, including
those regarding the expected benefits from use of Ribbon
Communication's products, are forward-looking statements. The
actual results of Ribbon Communications may differ materially from
those contemplated by the forward-looking statements. For further
information regarding risks and uncertainties associated with
Ribbon Communications' business, please refer to the "Risk Factors"
section of Ribbon Communications' most recent annual or quarterly
report filed with the SEC. Any forward-looking statements represent
Ribbon Communications' views only as of the date on which such
statement is made and should not be relied upon as representing
Ribbon Communications' views as of any subsequent date. While
Ribbon Communications may elect to update forward-looking
statements at some point, Ribbon Communications specifically
disclaims any obligation to do so.
Investor Contact
+1 (978) 614-8050
ir@rbbn.com
Media Contact
Catherine
Berthier
+1 (646) 741-1974
cberthier@rbbn.com
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SOURCE Ribbon Communications Inc.