Lumentum Holdings has been awarded the prestigious Platinum Medal from EcoVadis, marking it as a leader in sustainability within the tech industry by remaining in the top 1% of companies assessed globally.
Lumentum Holdings Inc., a frontrunner in the optical and photonic products industry based in San Jose, California, has achieved the Platinum Medal from EcoVadis for outstanding sustainability performance for the second year running. This recognition places Lumentum at the pinnacle of global sustainability practices, remaining in the top one percent of over 100,000 companies assessed worldwide.
The EcoVadis Platinum Medal acknowledges superior achievements in sustainable practices across diverse industries. For a company to receive this accolade, they must demonstrate exceptionally robust engagement in areas such as Environment, Labor and Human Rights, Ethics, and Sustainable Procurement. Lumentum’s recent score improvement, particularly a notable ten-point increase in the environmental category, underscores significant strides towards better sustainability.
Under the leadership of President and CEO Alan Lowe, Lumentum has woven sustainability into the fabric of its everyday activities. The firm’s environmental agenda includes ambitious goals like achieving net zero greenhouse gas emissions by 2030 across all global operations. Lumentum reported a 25% reduction in GHG emissions in 2023 compared to the previous year and has made significant advances in enhancing the sustainability of its energy sources. Specifically, the percentage of renewable energy used in its operations soared from 31% to 61% within a single fiscal year.
Additionally, in line with its sustainable operational strategies, Lumentum has set the target to divert 90% of non-hazardous waste from landfill by 2027. Progress is already palpable, with 70% diversion achieved in 2023. Such milestones are indicative of a genuine, deep-seated commitment to environmental stewardship and operational excellence.
The criteria set by EcoVadis for these assessments are aligned with global standards, including the principles of the United Nations Global Compact, ILO conventions, the Global Reporting Initiative (GRI), and the UN Guiding Principles on Business and Human Rights. Thus, scoring highly on the EcoVadis assessment signals a company’s alignment with international best practices and its capacity to lead forward-thinking, ethically-grounded initiatives.
Beyond the metrics and accolades, Lumentum’s sustainability journey is about making a tangible impact. The recognition by EcoVadis for consecutive years fuels the company’s drive towards more innovative and sustainable solutions in the photonic and optical sectors. These efforts not only cater to customer needs but also contribute positively to environmental conservation and community wellbeing.
In celebration of this achievement, EcoVadis will carry out a tree-planting initiative through One Tree Planted to acknowledge Lumentum’s sustained commitment to sustainability — a gesture that highlights the broader environmental impact of collaborative ecological initiatives.
For more insights into Lumentum’s sustainability ventures and achievements, interested parties can refer to the company’s 2023 Corporate Sustainability Report. This documentation details the strategic approaches and outcomes of integrating sustainable practices in high-tech manufacturing and service delivery.
Lumentum’s recognition by EcoVadis serves as an inspiring example of how technology and sustainability can coalesce to forge pathways towards a more sustainable industrial future. As global emphasis on environmental impacts continues to grow, the company’s efforts demonstrate a clear blueprint of responsible business practice, setting a benchmark for others in tech-related industries.