Eaton, a leader in power management, has been awarded a Gold Medal rating by EcoVadis, positioning it in the top 5% of companies globally for sustainability performance.
Eaton, a global frontrunner in intelligent power management, has recently marked a significant milestone in its steady journey towards enhanced sustainability, securing its first-ever Gold Medal rating from EcoVadis. This prestigious accolade places Eaton in the 96th percentile of over 125,000 companies evaluated worldwide for sustainability performance, making this recognition a notable highlight in the company’s storied history.
EcoVadis, a distinguished authority in the domain of business sustainability ratings, conducts its assessments based on 21 sustainability criteria across four principal areas: environment, labor and human rights, ethics, and sustainable procurement. Eaton’s commendable performance in these categories underscores its commitment and ongoing efforts to enhance sustainability practices across its operations.
Founded in 1911 and headquartered in Dublin, Eaton has evolved to become a pivotal force in the realms of data center, utility, industrial, commercial, residential, aerospace, and mobility markets, among others. With a strong emphasis on power management and sustainable solutions, the company’s innovative strategies are crucial as industries worldwide transition towards greener and more ethical operations.
Eaton has previously been recognized for its robust environmental strategies and ethical business practices, including an A- rating by CDP and being named one of the world’s most ethical companies for the 13th consecutive year by the Ethisphere Institute. Such accolades reinforce Eaton’s role as a pioneer in both ethical business practices and sustainable operations.
The recognition by EcoVadis highlights Eaton’s alignment with international standards such as the Ten Principles of the UN Global Compact, International Labour Organization (ILO) conventions, Global Reporting Initiative (GRI) standards, and the ISO 26000 standard. Eaton’s commitment to these global benchmarks illustrates its dedication not only to operational success but also to corporate responsibility and sustainable development.
Harold Jones, chief sustainability officer and executive vice president of Eaton Business System at Eaton, expressed his pride in the team’s efforts and the significance of this achievement. According to him, such recognitions not only affirm Eaton’s commitment to its sustainability goals but also propel the company to continue forging ahead with its strategic initiatives.
Operating with a revenue of $23.2 billion in 2023 and serving customers in more than 160 countries, Eaton’s influence in the industry is expansive. The company’s proactive approach towards blending technological innovation with sustainability has set a high bar, resonating with global growth trends such as electrification and digitalization.
As the industry continues to evolve, the significant strides made by corporations like Eaton in integrating sustainable practices into their core operations will not only facilitate in tackling some of the world’s most pressing power management challenges but also contribute significantly to building a more sustainable society for today and future generations. Eaton’s journey and achievements stand as a beacon to other companies aiming to marry operational success with sustainable and ethical practices.