Lumentum Awarded Platinum EcoVadis Medal for Second Consecutive Year

Rhea-AI Summary

• English
• French
• German
• Italian
• Korean
• Spanish

Lumentum Holdings Inc. has been awarded the EcoVadis Platinum Medal for the second consecutive year, demonstrating top-tier sustainability performance. The company's environmental score has increased by 10 points, reaching an overall score of 80. Lumentum remains in the top one percent of rated companies, showcasing its commitment to sustainability and environmental stewardship.

Leading Photonics Provider Maintains Top Rating for Superior Sustainability Performance; Increases its Environmental Score by 10 Points

SAN JOSE, Calif.--(BUSINESS WIRE)-- Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, today announced that it has received the EcoVadis Platinum Medal for the second consecutive year, representing the highest level of recognition for sustainability performance. Lumentum remains in the top one percent of companies assessed by EcoVadis in the past year, increasing its overall score from 78 to 80 points. In the environmental category, the company increased its score by 10 points from last year. Medals are awarded based on the percentile rank of a company compared to the performance of all rated companies.

“Receiving the EcoVadis Platinum Medal for the second consecutive year is a testament to Lumentum's commitment to sustainability,” said Alan Lowe, president and CEO at Lumentum. “This achievement reflects our efforts to integrate sustainable practices across all of our operations. We are dedicated to pushing the boundaries of what is possible, driving both technical innovation and operational advancements that serve our customers and create a positive impact on our planet and communities.”

“We have continuously improved our sustainability efforts every year and it is a major accomplishment to be recognized among the elite top one percent for our environmental initiatives for two consecutive years,” said Misha Rozenberg, senior vice president of Global Operations and chief quality officer at Lumentum. “We couldn’t have achieved this prestigious recognition without the hard work and close collaboration of many teams across Lumentum.”

Lumentum’s ongoing mission to uphold the highest standards of environmental, social, and ethical governance is a top corporate priority. Some of the company’s key environmental commitments and recent accomplishments include:

• Achieve net-zero greenhouse gas (GHG) emissions from global operations (Scope 1 and 2) by 2030. In fiscal year 2023, GHG emissions decreased by 25%, compared to fiscal year 2022.

• Increase percentage of renewable electricity for global operations year over year. Lumentum doubled the percentage of renewable energy sourced for its global operations from 31% to 61% in fiscal year 2023.

• Divert 90% of non-hazardous waste by fiscal year 2027. 70% of non-hazardous waste was diverted from landfill in fiscal year 2023.

EcoVadis is the global standard for business sustainability ratings. The EcoVadis assessment evaluates 21 sustainability criteria across four core categories including Environment, Labor and Human Rights, Ethics and Sustainable Procurement. More than 100,000 companies globally have been rated by the organization.

Its business sustainability ratings are based on international sustainability standards such as the Ten Principles of the UN Global Compact, the International Labour Organization (ILO) conventions, the Global Reporting Initiative (GRI) standards and the UN Guiding Principles on Business and Human Rights.

EcoVadis previously recognized Lumentum with a Platinum Rating in 2023, a Gold Rating in 2022, and a Silver Rating in 2021. The organization will be planting a tree on behalf of Lumentum to celebrate the company’s achievement, through its partnership with One Tree Planted, a nonprofit organization focused on global reforestation.

To learn more about Lumentum’s commitment to sustainability, read its 2023 Corporate Sustainability Report.

About Lumentum

Lumentum (NASDAQ: LITE) is a market-leading designer and manufacturer of innovative optical and photonic products that enable optical networking and laser applications worldwide. Their optical components and subsystems are part of virtually every type of telecom, enterprise, and data center network. Lumentum lasers empower advanced manufacturing techniques and diverse applications, including next-generation 3D sensing capabilities. Headquartered in San Jose, California, Lumentum operates R&D, manufacturing, and sales offices worldwide. For more information, visit www.lumentum.com and follow Lumentum on LinkedIn, X (Twitter), Facebook, Instagram, and YouTube.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240422310311/en/

Investors: Kathy Ta, 408-750-3853, investor.relations@lumentum.com

Media: Noël Bilodeau, 408-439-2140, noel.bilodeau@lumentum.com

Source: Lumentum

FAQ

What award did Lumentum receive for the second consecutive year?

Lumentum received the EcoVadis Platinum Medal for the second consecutive year.

What is the significance of the EcoVadis Platinum Medal?

The EcoVadis Platinum Medal represents the highest level of recognition for sustainability performance.

How much did Lumentum increase its environmental score by?

Lumentum increased its environmental score by 10 points.

What percentage of companies does Lumentum remain in?

Lumentum remains in the top one percent of companies assessed by EcoVadis.

What are some of Lumentum's key environmental commitments?

Lumentum aims to achieve net-zero greenhouse gas emissions by 2030, increase the percentage of renewable electricity for global operations, and divert 90% of non-hazardous waste by fiscal year 2027.