Hitachi Energy achieves platinum rating from EcoVadis

Following two consecutive gold awards, Hitachi Energy’s sustainability performance is now rated platinum by EcoVadis, a global leader in business sustainability assessments reviewer.

This platinum award was achieved after two years of improving scores, which earned consecutive gold awards and placed the company in the top one percent of the 150,000-plus companies seeking EcoVadis assessment.

Hitachi Energy’s overall score improved by six points to 84 out of 100, placing Hitachi Energy as a leader in sustainability performance. Due to the detailed evidence compiled for the Sustainability Report, the ethics and environment sections of the assessment achieved the biggest improvement areas.

“Our platinum award is further independent endorsement that confirms sustainability is embedded with the organization’s DNA and of our sustainability strategy which was refreshed for the start of the 2024 fiscal year,” said Alicia Argüello, Hitachi Energy’s Head of Sustainability.

“Teams across Hitachi Energy are contributing to our ongoing improvement of the company’s sustainability performance and should take great pride in our platinum rating as we work along the entire value chain to deliver a just energy transition and focus on our Purpose of advancing a more sustainable energy future for all.”

EcoVadis evaluates how effectively companies integrate the principles of sustainability/corporate social responsibility into their business and management.

The platinum medal follows the recently updated rating from CDP (formerly the Carbon Disclosure Project), an NGO encouraging and supporting companies and cities to disclose their environmental impacts. Hitachi Energy received a second consecutive ‘A-‘ rating.

The methodology used by EcoVadis builds on international sustainability standards, including the Global Reporting Initiative, the United Nations Global Compact, and the ISO 26000 for social responsibility, covering governance practices and key performance indicators (KPIs) across four areas: labor and human rights, ethics, sustainable procurement, and environment. 

Alicia added: “External assessment of our sustainability targets, performance, and reporting is important to customers and other stakeholders, which is why transparency and accountability are at the heart of our approach.

“The legal and regulatory landscape is also becoming more demanding, so we must keep improving to preserve our ratings, remain compliant, and preserve a competitive advantage.”