Lighting in Design Q2 2024

Ledvance leads the way The illumination company has been honoured for its drive and commitment to sustainability. W ith marked improvement across all evaluation categories compared to previous year, German-based lighting

compared to the preceding year. “We were able to successfully achieve a score of 65, an increase over the previous year, securing its EcoVadis silver medal status for another consecutive year,” adds Lin. “In recent months, we have undertaken significant strides to further enhance its sustainability agenda.” Introducing the Ledvance Loop as an overarching brand for all sustainability-related matters, the company has also devised a comprehensive sustainability strategy to chart its path towards achieving its objectives. In line with these efforts, Ledvance recently unveiled its latest line of Everloop luminaires, featuring interchangeable light sources and drivers. With aspirations for a gold rating in 2024, Ledvance’s trajectory now faces reassessment owing to alterations in EcoVadis’ evaluation criteria. Effective 1 January 2024, EcoVadis has reduced the proportion of awarded companies from 50% to 35%, while simultaneously elevating minimum score requirements for certain categories. These adjustments may result in diminished ratings despite performance enhancements. Medals will be conferred solely based on percentile

specialist Ledvance has been recognised with a silver medal by globally recognised assessment platform EcoVadis for its sustainability endeavours in 2023. “Employing EcoVadis sustainability ratings since 2018 to assess and showcase its sustainability initiatives and accomplishments to stakeholders, we have seen notable progress in all evaluated aspects,” says Lawrence Lin, Chief Executive Officer (CEO) of Ledvance. “This includes topics such as the environment, labour and human rights, ethics, and sustainable procurement.” The company’s heightened dedication to adopting a comprehensive global sustainability approach, incorporating additional measures such as participation in sustainability initiatives like SBTi, enacting a global sustainability strategy, implementing new policies across various sectors, and issuing its inaugural global sustainability report, has resulted in an overall improved rating and performance across all subcategories

thresholds, eliminating static score benchmarks associated with each medal tier. “Despite this, Ledvance stands in solidarity with EcoVadis’s decision regarding the criteria changes, viewing it as a stride towards enhanced global corporate regulation and elevated standards for the medal programme,” says Stefan Geißdörfer, Global Head of Compliance & Sustainability at Ledvance. “Through annual reassessments, identification of strengths and weaknesses, and implementation of remedial measures, we are committed to our continual improvement, thereby bolstering our contribution to a sustainable planet.” Enquiries: www.ledvance.com

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LiD Q2 - 2024