Colt Group recognised by EcoVadis for environmental performance
Colt Group has announced it has gained a Gold rating from sustainability rating provider EcoVadis for its environment, social and governance (ESG) performance and a B rating from the Climate Disclosure Project (CDP) for company environmental performance.
Over 75,000 companies from more than 160 countries and 200 industries partner with EcoVadis and the latest industry ranks places Colt in the 97th percentile with a score of 71/100.
The rating considers performance across four themes: environment, labour and human rights, ethics and sustainable procurement.
Caroline Griffin Pain, general counsel and EVP HR for Colt Technology Services, said: “Colt’s business is anchored in ESG: it’s part of our DNA and an important part of our strategy.
“Our latest score from EcoVadis shows we care about the impact we have on our communities, our people, our customers and the environments in which we operate, and demonstrates that the actions we’re taking are having a positive impact.
“We’re also proud to have improved our CDP rating to a B, which places us well in line with our peers. We will continue to work to accelerate our ESG strategy and environmental performance to help create a fairer and more sustainable world.”
CDP, meanwhile, is an international not-for-profit that helps companies, cities, states and regions to disclose their environmental impact.
In 2021, over 13,000 companies with over 64% of the global market value disclosed environmental data through the CDP.
D represents the lowest score and A the highest and Colt’s B rating places it in the top half of the management band of CDP scoring.
Niclas Sanfridsson, CEO of Colt DCS, added: “Sustainability is at the forefront of all our operations across Colt.
“This latest milestone is a testament to our dedication and focus on becoming an industry forerunner in sustainability and driving change in our market.
“This is a moment that demonstrates the changes we are making are having an impact, and it’s a good first step in our sustainability transformation.
“We continue to deliver changes which we hope will see us making further improvements in the future”.