dormakaba gets prestigious recognition for its progress in sustainability
dormakaba announces two important acknowledgments for its commitment and progress on sustainable development. EcoVadis, the world’s largest provider of corporate sustainability ratings, awarded dormakaba a gold medal. This result places dormakaba among the top five percent of more than 100,000 organizations assessed worldwide. Furthermore, dormakaba improved its CDP (Carbon Disclosure Project) score from B to A- by the end of 2022. With this result, dormakaba is well above the global average of more than 18,700 assessed companies. Being part of the Leadership band means that dormakaba is recognized as implementing current best practices for addressing climate issues.
The EcoVadis evaluation is based on a comprehensive catalog of questions in which the results of the criteria surveyed are grouped into the four topic areas including environment, labor & human rights, ethics and sustainable procurement. Compared to other companies in the industry, dormakaba is especially strong in the areas of labor and human rights (top 2%) and sustainable procurement (top 6%). dormakaba’s gold medal is a reference for customers who want to purchase from companies with a high sustainability performance.
The not-for-profit CDP runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. The world’s economy looks to CDP as the gold standard of environmental reporting, with the richest and most comprehensive dataset on corporate and city action. dormakaba’s A- score Leadership level is a result of its efforts in proactive energy management and reduction of carbon emissions. These include investments to increase the energy efficiency both at operations and of products, to decrease dormakaba’s energy consumption, and to expand its purchase and generation of green electricity. The latest example of these initiatives is the announcement in January 2023 that dormakaba powers its manufacturing facility in India with solar. With its CDP score level, dormakaba has also successfully positioned itself as the leader in sustainability in the access solutions market.
“We are very pleased to see dormakaba ranked this high by CDP and EcoVadis. Such ESG (Environment Social Governance) scores and ratings reflect our increased investments and continued progress in sustainability. dormakaba has committed to an industry-leading framework for sustainability with over 30 ambitious ESG targets as part of its strategy, Shape4Growth. It is inspiring to see the progress we are making in several areas, such as circular economy, diversity and inclusion, or more rigorous supplier assessments,” says Stephanie Ossenbach, Group Sustainability Officer of dormakaba.
In November 2022 dormakaba also achieved Prime Status in ISS ESG Corporate Rating. In FY 2021/22, dormakaba’s MSCI rating improved from A to AA, suggesting that dormakaba is among the industry leaders in managing the most significant ESG risks and opportunities.
Visit dormakaba’s latest Sustainability Report to learn about its goals and results: https://report.dormakaba.com/2021_22/en/sustainability/