TIME magazine names dormakaba as one of the World’s Most Sustainable Companies
June 25, 2024 at 07:01 pm IST
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dormakaba Holding AG
/ Key word(s): ESG
TIME magazine names dormakaba as one of the World’s Most Sustainable Companies
25.06.2024 / 15:29 CET/CEST
Rümlang, 25 June 2024 – dormakaba has earned prominent recognition for its sustainability management and is listed as one of the 500 “World’s Most Sustainable Companies 2024” by TIME magazine. The ranking has been developed for the first time by TIME in partnership with Statista with the aim to recognize corporate responsibility and advance sustainable practices.
“We have worked diligently to establish a leading sustainability program in our industry, and we are delighted to have been recognized by TIME magazine for what we have achieved. Of course, sustainability management is a marathon, not a sprint. So, we are fully dedicated to continuing on this journey together with our colleagues across the world”, said Stephanie Ossenbach, Group Sustainability Officer of dormakaba.
The comprehensive methodology of the selection tapped from a pool of more than 5,000 of the world's largest and most influential companies, assessed over 20 sustainability criteria, including performance in relevant areas of environmental and social KPIs, such as carbon emissions, energy intensity, employee turnover and work safety, public commitment to sustainability targets and transparent reporting. The top scoring 500 companies were awarded as “World’s Most Sustainable Companies 2024”.
During this year dormakaba achieved other significant recognitions for its sustainability performance, such as a gold medal from the sustainability assessment firm EcoVadis, Prime Status by the ISS ESG Corporate Rating and AA rating by MSCI. Further, dormakaba was recently named as one of Europe’s Climate Leaders by the Financial Times.
Further information for:
Investors
Media
Swetlana Iodko Schoordijk
Patrick Lehn
Head Investor Relations
Press Officer
T: +41 44 818 90 28
T: +41 44 818 92 86
swetlana.iodko@dormakaba.com
patrick.lehn@dormakaba.com
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World’s Most Sustainable Companies (IMG)
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This communication contains certain forward-looking statements including, but not limited to, those using the words “believes”, “assumes”, “expects” or formulations of a similar kind. Such forward-looking statements reflect the current judgement of the company, involve risks and uncertainties and are made on the basis of assumptions and expectations that the company believes to be reasonable at this time but may prove to be erroneous. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks, uncertainties and other factors outside of the company's and the Group's control which could lead to substantial differences between the actual future results, the financial situation, the development or performance of the company or the Group and those either expressed or implied by such statements. Except as required by applicable law or regulation, the company accepts no obligation to continue to report, update or otherwise review such forward-looking statements or adjust them to new information, or future events or developments.
This communication does not constitute an offer or an invitation for the sale or purchase of securities in any jurisdiction.
dormakaba®, dorma+kaba®, Kaba®, Dorma®, Ilco®, LEGIC®, Silca®, BEST® etc. are registered trademarks of the dormakaba Group. Due to country-specific constraints or marketing considerations, some of the dormakaba Group products and systems may not be available in every market.
Dormakaba Holding AG is a Switzerland-based company engaged in the provision of access solutions and systems in the security industry. The Company operates in three business segments: the Access + Data Systems segment products range from mechanical and mechatronic lock cylinders, networked access control solutions, pushbutton locks, digital locking systems, access control and management software, card readers, and hotel locking systems to electronic high-security locking solutions, Automated Teller Machine (ATM) locks, transit and cargo security products, as well as locks and cylinders for Original Equipment Manufacturer (OEM) use; the Key Systems segment offers products, ranging from keys, key blanks and transponder keys to mechanical, electronic and (semi-)industrial key cutting and origination machines, as well as duplication equipment, and Other segment includes operations involving contactless identification systems, which are based on Legic smartcard technology.