Ranked among top 1% of companies assessed by EcoVadis
SAN
JOSE, Calif., Feb. 15,
2023 /PRNewswire/ -- Lumentum Holdings Inc.
("Lumentum"), a market-leading designer and manufacturer of
innovative optical and photonic products, announced today that it
has received the EcoVadis Platinum Medal, the highest recognition
level at EcoVadis for sustainability performance.
"Being awarded the EcoVadis Platinum Medal affirms our ongoing
commitment to driving responsible business practices," said
Alan Lowe, President and Chief
Executive Officer at Lumentum. "After receiving the EcoVadis Silver
Rating in 2019 and Gold Rating in 2022, I am incredibly proud of
our employees for their dedication and hard work, which has enabled
us to achieve a Platinum Rating in 2023 – placing us among the top
1% of companies assessed by EcoVadis."
Lumentum's ongoing mission to uphold the highest standards of
social, ethical, and environmental conduct remains a top corporate
priority. To highlight a few of Lumentum's commitments to
sustainable excellence:
- Net-zero greenhouse gas emissions from its global operations
(Scope 1 and 2) by 2030
- Emission reductions in line with climate science with the
Science Based Targets initiative
- Increase percentage of our electricity from renewable sources
to 60% in FY23
- Divert 90% of non-hazardous waste by fiscal year 2027
"I'd like to recognize the tremendous work and tenacity of our
Lumentum global teams," said Misha
Rozenberg, Senior Vice President of Global Operations and
Chief Quality Officer at Lumentum. "Achievement of the EcoVadis
Platinum Rating, the highest recognition level at EcoVadis, was no
easy feat and required close collaboration and deep partnership
across our entire company to make this possible."
EcoVadis is the global standard for business sustainability
ratings. The EcoVadis assessment evaluates 21 sustainability
criteria across four core themes: Environment, Labor & Human
Rights, Ethics, and Sustainable Procurement. More than 100,000
companies globally have been rated by EcoVadis.
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 ISO 26000 standard.
EcoVadis will be planting a tree on Lumentum's behalf to
celebrate Lumentum's completion of the EcoVadis sustainability
assessment, through the EcoVadis partnership with One Tree Planted,
a nonprofit organization focused on global reforestation.
To learn more about Lumentum's commitment to Corporate Social
Responsibility (CSR), read their latest CSR report that illuminates
the path forward to a more sustainable future.
About Lumentum
Lumentum (NASDAQ: LITE) is a market-leading designer and
manufacturer of innovative optical and photonic products enabling
optical networking and laser applications worldwide. Lumentum
optical components and subsystems are part of virtually every type
of telecom, enterprise, and data center network. Lumentum lasers
enable advanced manufacturing techniques and diverse applications
including next-generation 3D sensing capabilities. Lumentum is
headquartered in San Jose,
California with R&D, manufacturing, and sales offices
worldwide.
Lumentum has been recognized by numerous global organizations
for its commitment to ESG and sustainability, including EcoVadis'
Platinum Rating and Newsweek's America's Most Responsible
Companies. To learn more about Lumentum's Corporate Social
Responsibility (CSR) initiatives, visit the CSR page on our website
and download our latest CSR report
For more information, visit www.lumentum.com and follow Lumentum
on LinkedIn, Twitter, Facebook, Instagram, and YouTube.
Contact Information:
Investors: Kathy Ta, 408-750-3853;
investor.relations@lumentum.com
Media: Christina Itzkowitz, 781-929-0565;
media@lumentum.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/lumentum-awarded-the-platinum-ecovadis-medal-for-sustainability-performance-301747213.html
SOURCE Lumentum