Logitech Named to Dow Jones Sustainability Europe Index for Fifth Consecutive Year

Rhea-AI Summary

Logitech (LOGI) has been included in the Dow Jones Sustainability Index (DJSI) for Europe for the fifth consecutive year, highlighting its strong Environmental, Social, and Governance (ESG) performance. The company's sustainability achievements include:

• Progress toward 50% indirect carbon emissions reduction by 2030
• Three-quarters of products using recycled plastic material
• 66% of products now carbon labeled, targeting 100% by 2025
• 94% electricity from renewable sources
• CDP Supplier Engagement Leader status for third consecutive year

The company received multiple recognitions, including an MSCI 'AAA' rating and 'Prime' status from ISS. Chief Operating Officer Prakash Arunkundrum emphasized their commitment to sustainability through innovative materials, technologies, and processes to reduce carbon emissions and advance circular solutions.

Continued Excellence in Environmental, Social, and Governance Leadership Recognized

LAUSANNE, SWITZERLAND, and SAN JOSE, CA / ACCESSWIRE / December 26, 2024 / Logitech International (SIX:LOGN)(Nasdaq:LOGI) has been selected for inclusion in the Dow Jones Sustainability Index (DJSI) for Europe for the fifth consecutive year. The company's ambitious climate action strategy, including its actions to reduce 50% indirect carbon emissions by 2030, drives transparency and accountability at Logitech.

"Inclusion on the prestigious Dow Jones Sustainability Index for Europe is a testament to our unwavering commitment to action and designing for sustainability," said Prakash Arunkundrum, chief operating officer at Logitech. "Consumers and businesses increasingly rank sustainability as a value driver - a priority we embraced early on. By using innovative materials, technologies, and processes, we aim to cut carbon emissions and advance scalable circular solutions. Designing for sustainability shapes our products, operations, and business practices."

The DJSI Europe recognizes Logitech's outstanding performance in advancing Environmental, Social, and Governance (ESG) criteria, a benchmark for global sustainability leadership. The company made advancements in areas such as Supply Chain Management, Product Stewardship, Climate Strategy, Biodiversity, Human Capital Management and Human Rights. Its score and advancements in these areas reflect Logitech's enduring dedication to performance, accountability, and transparency.

Highlights of Logitech's achievements over the past year include:

• Three out of four products use Next Life, recycled plastic material across the categories, and over 66 product lines use low-carbon aluminum for lower carbon impact.

• Transparency: 66% of Logitech products are now carbon labeled. The company is on target to carbon label all its products by the end of 2025, and has open-sourced its learnings and methodology for any company to use.

• Logitech collaborates with suppliers to support their transition to renewable electricity. In recognition of this, CDP awarded Logitech with Supplier Engagement Leader status for the third year in a row.

• Across the globe, 94% of the company's electricity footprint comes from direct and indirect renewable electricity purchases.

Additionally, Logitech was recognized this year for its sustainability performance by MSCI with a "AAA"¹ rating representing the top 15% in the technology, hardware, and peripherals industry globally; achieved "Prime" status in the ESG assessment carried out by Institutional Shareholder Services (ISS); and was ranked among the Top 5 in Vontobel's Swiss Equities ESG Report. Learn about all of Logitech's sustainability programs in the 2024 Impact Report or on the website.

About Logitech

Logitech designs software-enabled hardware solutions that help businesses thrive and bring people together when working, creating and gaming. As the point of connection between people and the digital world, our mission is to extend human potential in work and play, in a way that is good for people and the planet. Founded in 1981, Logitech International is a Swiss public company listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI). Find Logitech and its other brands, including Logitech G, at www.logitech.com or company blog.

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(LOGIIR)

_{^{1 MSCI AAA rating as of 14th December 2024. The use by Logitech of any MSCI ESG Research LLC or its affiliates ("MSCI") Data, and the use of MSCI logos, trademarks, service marks or index names herein, do not constitute a sponsorship, endorsement, recommendation, or promotion of Logitech by MSCI. MSCI services and data are the property of MSCI or its information providers, and are provided "as-is" and without warranty. MSCI names and logos are trademarks or service marks of MSCI.}}

Editorial Contacts:

Marie Perriard, Head of Sustainability Communications - USA mperriard@logitech.com
Ben Starkie, Corporate Communications - Europe +41 (0) 79-292-3499

View additional multimedia and more ESG storytelling from Logitech on 3blmedia.com.

Contact Info:
Spokesperson: Logitech
Website: https://www.3blmedia.com/profiles/logitech
Email: info@3blmedia.com

SOURCE: Logitech

View the original press release on accesswire.com

FAQ

What major sustainability milestone did Logitech (LOGI) achieve in December 2024?

Logitech was included in the Dow Jones Sustainability Index (DJSI) for Europe for the fifth consecutive year, recognizing its excellence in Environmental, Social, and Governance (ESG) leadership.

What percentage of Logitech (LOGI) products use recycled materials in 2024?

Three out of four Logitech products use Next Life recycled plastic material, and over 66 product lines utilize low-carbon aluminum.

What is Logitech's (LOGI) carbon labeling goal and current progress?

Logitech has carbon labeled 66% of its products and aims to label all products by the end of 2025, while also open-sourcing their methodology for other companies to use.

What is Logitech's (LOGI) renewable electricity usage in 2024?

94% of Logitech's electricity footprint comes from direct and indirect renewable electricity purchases globally.

What is Logitech's (LOGI) carbon emission reduction target for 2030?

Logitech aims to reduce its indirect carbon emissions by 50% by 2030 as part of its climate action strategy.