WILMINGTON, MA — LEDVANCE, one of the world’s leading general lighting providers for professional users and end consumers, is announcing it has signed onto the United Nations Global Compact as a business participant, joining approximately 9,800 companies in 164 countries that have committed to demonstrating leadership in four areas of corporate responsibility – human rights, labour standards, the environment and anti-corruption.
“LEDVANCE has always been committed to the issues of human rights, labour standards, the environment, and anti-corruption, so it was a natural fit to officially support the UN Global Compact. These priorities are embedded in our corporate values and day-to-day operations, and we will use our global influence to help support this important mission,” said Jacob C. Tarn, Ph.D., Managing Director and CEO of LEDVANCE.
Tarn added, “In regards to the environmental focus of the Global Compact, we seek to help support the planet by developing modern LED lighting products that save energy and are long-lasting. Our global footprint is another area where we have strived to maximize efficiencies for the betterment of the planet. Here though, we can and will do more, as there are always ways we can improve our processes to be an even more responsible global citizen.” In support of the UN Global Compact, LEDVANCE seeks to reduce its electricity and natural gas usage by 2.5 percent and 1.4 percent, respectively, and increase its recycling rates by 72 percent globally.
Launched in 2000, the UN Global Compact provides a universal language for corporate responsibility and a framework to guide all businesses. The Global Compact encourages companies to align strategies and operations with universal principles focused on human rights, labour, the environment, and anti-corruption, and take actions that advance societal goals. For more information on the UN Global Compact, please visit http://www.unglobalcompact.org.
With offices in more than 50 countries and business activities in more than 140 countries, LEDVANCE is one of the world’s leading general lighting providers for professional users and end consumers. Having emerged from the general lighting business of OSRAM GmbH, LEDVANCE offers a wide-ranging assortment of LED luminaires for a broad spectrum of application areas, intelligent lighting products for Smart Homes and Buildings, one of the largest LED lamps portfolios in the industry, and traditional light sources. Since March 2018, the leading Chinese LED lighting company MLS is the sole owner of LEDVANCE. In March 2017, LEDVANCE was acquired by a consortium, consisting of MLS and the investment firms IDG Capital and Yiwu. In fiscal year 2017, LEDVANCE achieved a turnover of around 1.9 billion Euro. Based on an agreement with OSRAM, LEDVANCE will continue to use the trusted OSRAM brand for many of its products (SYLVANIA for the USA and Canada). Further information can be found at http://www.ledvance.com.
(NOTE: The above press release is from LEDVANCE.)
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