Epson receives EcoVadis Platinum award for sustainability

The Platinum award places Epson in the top 1 percent of all companies assessed by EcoVadis across all industries, reflecting the company's progress in sustainability. Epson has increased its overall score from 77 to 83 out of 100, despite EcoVadis having implemented more stringent assessment criteria in the meantime. This independent certification reassures customers that Epson is one of the most responsible and accountable companies in its industry.

Epson also received excellent ratings in various sub-areas and was also ranked among the top 1 percent in the areas of "Environment" and "Labor & Human Rights" and among the top 2 percent of all audited companies in the area of "Sustainable Procurement". The company also ranked among the top 30 percent in the "Ethics" criterion. EcoVaid's assessment criteria for its awards are becoming increasingly strict. To achieve a platinum medal this year, you have to be in the top 1 percent of all companies assessed.

EcoVadis is a globally recognized rating company that evaluates over 130,000 companies in more than 220 industry categories and in 180 countries. The latest platinum award for Epson is a testament to the company's continued commitment and the remarkable improvements achieved in sustainable growth over the past year.

"The Platinum certification is the consequence of our measures to recognize and solve social and environmental challenges," said Takanori Inaho, President of Epson Europe. "We follow the guiding principle of "Sho Sho Sei", which commits us to continuous improvement and thus enables us to develop ever better compact, efficient and precise products. Our proprietary technologies make a concrete contribution to climate protection, as we are aware of our responsibility to reduce the impact of our actions on the planet."

Successes have been achieved...

Epson has already made significant progress towards its goal of becoming CO₂-negative by 2050 and completely eliminating fossil resources by then. Some notable successes were achieved in the 2023 financial year:

- Decarbonization: After Epson achieved the switch to 100% electricity from renewable energy sources at all of its sites worldwide in 2023, further milestones were reached in Europe to achieve its decarbonization targets. For example, emissions from business travel were reduced by 19 percent (in the 2023 financial year compared to the 2022 financial year). Optimizing the logistics chains for deliveries from Asian factories is expected to reduce CO₂ emissions by 10-50% in the future. A planned biomass plant in Japan will further reduce dependence on fossil fuels.

- Social responsibility: Epson is strengthening its commitment to diversity, equality and inclusion through comprehensive training initiatives. The company's production facilities in Indonesia and the Philippines have been awarded platinum status by the Responsible Business Alliance (RBA) for their high ethical labor standards.

- Strengthening governance: Epson was also re-certified by Bureau Veritas for aligning its business activities with the Sustainable Development Goals (SDGs). This makes the company a pioneer in this area.

Boris Manev, Sustainability Director at Epson Europe B.V., explains: "We have a clear idea: we want to be at the forefront of sustainable innovation and set the standard for environmental responsibility. Our ambitious measures, such as promoting the recycling of textiles in collaboration with leading companies in the fashion industry, show that sustainability and business success go hand in hand. Our investments in carbon capture and renewable energy are important milestones on our journey towards a carbon-negative future. The Platinum award is the result of hard work and underlines the strong commitment of the entire Epson team to a sustainable future. This rating not only underlines our leadership in product quality and innovation, but also demonstrates our commitment to making our industry more sustainable."

Source: www.epson.de

This article originally appeared on m-q.ch - https://www.m-q.ch/de/epson-erhaelt-ecovadis-platin-auszeichnung-fuer-nachhaltigkeit/