Dormakaba scores with sustainability
Dormakaba has been awarded a Gold Medal by EcoVadis. This recognizes the Rümlang-based locking technology company's commitment to sustainability. Dormakaba also scores high on sustainability with Institutional Shareholder Services and Morgan Stanley Capital International.
EcoVadis has recognised dormakaba ‘s progress in sustainable development. Dormakaba has improved its overall score in all four categories – environment, labour and human rights, ethics and sustainable procurement – in a year-on-year comparison, the internationally active locking technology company from Rümlang announced in a press release. Having been awarded the gold medal for the third time, dormakaba is among the top 5 percent of the more than 130,000 organisations assessed worldwide.
In addition, dormakaba was nominated by EcoVadis in the two categories Outstanding Programme Management and Best Mature Programme of the Sustain 2024 Achievement Awards of the sustainability ranking provider. “The fact that we were able to maintain our top 5 per cent position in the area of sustainability despite increasingly demanding criteria clearly shows our commitment,” said Stephanie Ossenbach, Group Sustainability Officer at dormakaba, in the press release. “Our nomination and leading position in industry ratings are further proof that our efforts in the area of sustainability have been recognised.”
The gold medal from EcoVadis is one of several awards that dormakaba has received this year for its commitment to sustainability. Back in January, Institutional Shareholder Services awarded the company Prime Status in its ESG ratings. In March, dormakaba was awarded an AA rating by Morgan Stanley Capital International. This indicates “that dormakaba is one of the industry leaders in dealing with financially relevant ESG risks and opportunities”, according to the press release.