Logitech Ranked Among Top 1% of Sustainable Companies by EcoVadis

Rhea-AI Summary

Logitech International has achieved a prestigious Platinum rating from EcoVadis, ranking in the top 1% of sustainability-rated companies. This marks an upgrade from the previous Gold rating, which placed it in the top 5%. The assessment reflects Logitech's commitment to integrating sustainability across its business practices, particularly in Environment and Labor & Human Rights. EcoVadis evaluates companies based on international sustainability standards across four themes: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement.

Positive

• Achieved a Platinum rating from EcoVadis, placing Logitech in the top 1% of sustainability-rated companies.
• Upgraded from Gold rating, indicating improved sustainability practices.
• Recognition for integrating sustainability into business and management systems.

Negative

• None.

EcoVadis Platinum rating acknowledges scope and ambition of sustainability efforts

LAUSANNE, Switzerland & NEWARK, Calif.--(BUSINESS WIRE)-- Logitech International (SIX: LOGN) (Nasdaq: LOGI) announced today that it has been awarded a Platinum rating from EcoVadis, one of the world’s largest providers of business sustainability ratings. This places Logitech in the top 1% of sustainability rated companies, having been previously Gold rated at top 5% of rated companies for several years now.

“This rating distinction is a direct reflection of how deeply we are integrating the principles of sustainability into our business and management system,” said Prakash Arunkundrum, global head of operations and sustainability at Logitech. “We continuously strive to improve all aspects of sustainability throughout the company and witnessing our journey from Gold to Platinum over the years has been rewarding, particularly across the Environment and Labor & Human Rights criteria.”

EcoVadis’ methodology is built on international sustainability standards, covering more than 200 spend categories and more than 160 countries. It illustrates performance across four themes: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement, and is highly valued and taken into consideration by customers.

About Logitech

Logitech helps all people pursue their passions by designing experiences so everyone can create, achieve, and enjoy more. Logitech designs and creates products that bring people together through computing, gaming, video, streaming and creating, and music. Brands of Logitech include Logitech, Logitech G, ASTRO Gaming, Streamlabs, Blue Microphones and Ultimate Ears. Founded in 1981, and headquartered in Lausanne, Switzerland, Logitech International is a Swiss public company listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI). Find Logitech at www.logitech.com, the company blog or @Logitech. Learn about Logitech’s sustainability initiatives in the 2021 Sustainability report or on the website.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220721005066/en/

Editorial Contacts:

Nicole Kenyon, Head of Global Corporate & Employee Communications - USA (510) 988-8553

Marie Perriard, Head of Sustainability Communications - USA mperriard@logitech.com

Ben Starkie, Corporate Communications - Europe +41 (0) 79-292-3499

Source: Logitech International

FAQ

What does the Platinum rating from EcoVadis signify for Logitech (LOGI)?

The Platinum rating from EcoVadis signifies that Logitech is in the top 1% of sustainability-rated companies, reflecting its strong commitment to sustainable practices.

How did Logitech (LOGI) improve from a Gold rating to a Platinum rating?

Logitech improved from a Gold rating to a Platinum rating through enhanced integration of sustainability principles, particularly in Environment and Labor & Human Rights criteria.

What areas does EcoVadis evaluate for rating companies like Logitech (LOGI)?

EcoVadis evaluates companies based on four themes: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement.

What are the benefits of EcoVadis rating for companies like Logitech (LOGI)?

The EcoVadis rating helps companies like Logitech demonstrate their commitment to sustainability, potentially enhancing their reputation and customer trust.