VELUX awarded gold rating by EcoVadis in 2023 assessment
VELUX A/S has progressed from a bronze to gold medal in the latest assessment by the rating body EcoVadis, which assesses companies’ environmental, social and governance (ESG) management and progress.
VELUX was awarded a gold medal based on a score of 71 points. EcoVadis recognised VELUX for having a best-in-class carbon management system in addition to strong decarbonisation ambitions with approved science-based targets.
VELUX is now among the top 30 companies in its EcoVadis category. This is the second time that VELUX has been rated by EcoVadis. The annual rating process is extensive and requires answering and providing documentation to an extensive 90-page questionnaire.
Our customer and business partners care about sustainability and are looking for detailed information about our approach, management and performance. I am delighted that we are assessed as gold in the EcoVadis ranking, which is a reflection of our commitment and focus on sustainability,
Thorough evaluation and scoring
An EcoVadis questionnaire is customised to a company’s size, industry and location, with the analysis and final score weighted accordingly in an online scorecard, indicating strengths and improvement areas. The final ESG score is established by compiling data about the subject and weighing the issues against a standard scale. An ESG score ranges from 0-100.
Read more about the VELUX Group’s 2030 sustainability targets.
EcoVadis rates and continually monitors companies’ CSR management and progress based on strict validation methodology. The EcoVadis methodology framework assesses companies' policies and actions as well as their published reporting related to the environment, labour and human rights, ethics and sustainable procurement. It validates corporate adherence to 21 recognised CSR criteria, which follow verifiable international CSR standards (the Global Compact Principles, the International Labour Organization conventions, the Global Reporting Initiative standard, the ISO 2600).
Read more about EcoVadis.
About the VELUX Group
For more than 80 years, the VELUX Group has created better living environments for people around the world; making the most of daylight and fresh air through the roof. Our product programme includes roof windows and modular skylights, decorative blinds, sun screening products and roller shutters, as well as installation and smart home solutions. These products help to ensure a healthy and sustainable indoor climate, for work and learning, for play and pleasure. We work globally – with sales and manufacturing operations in more than 37 countries and around 11,700 employees worldwide. The VELUX Group is owned by VKR Holding A/S, a limited company wholly owned by non-profit, charitable foundations (THE VELUX FOUNDATIONS) and family. In 2022, the VELUX Group had total revenue of EUR 2.99 billion, VKR Holding had total revenue of EUR 4.29 billion, and THE VELUX FOUNDATIONS donated EUR 181 million in charitable grants.
For more information about VELUX Group, visit velux.com.