Ranking in the top 5% of 23,000+ participating
companies, the organization has earned an A- for disclosing its
best practice environmental strategy and actions.
GRAND
RAPIDS, Mich., Feb. 19,
2024 /PRNewswire/ -- Steelcase (NYSE: SCS), a global
design and thought leader in the world of work, is the only
organization in its industry to earn a top score of A- from CDP,
formerly the Carbon Disclosure Project, a global nonprofit that
runs the world's leading environmental disclosure platform, for its
continual commitment to best practices in environmental strategy
and action.
In 2023, 23,000+ companies disclosed through CDP. The A- places
Steelcase within the top level "leadership" band of scoring, with
only 5% of companies achieving this rank. Steelcase has
disclosed through CDP since 2011, and despite increasingly
stringent criteria, has continually improved its score, most
recently advancing from a B in 2022.
Achieving the A- score, which not only recognizes transparency,
but also the adoption of processes designed to improve the
wellbeing of the planet, requires broad collaboration across all of
Steelcase, including the leadership of President and CEO,
Sara Armbruster, and the Board of
Directors.
"We are grateful to be recognized by CDP, the gold standard for
environmental reporting, for our work to reduce our impact on the
environment," said Beth
O'Shaughnessy, senior vice president, chief administrative
officer, general counsel and secretary for Steelcase. "As designers
and makers, we are acutely aware that our work impacts the planet.
We are committed to taking critical, science-based actions across
our entire organization to reduce our role in climate change, and
to build a more sustainable and resilient future. Along with
Steelcase, CDP embraces the spirit of collective action necessary
to make a positive difference for the future of the planet, making
this news even more meaningful."
Disclosing data on environmental impact is now considered a
business norm. Steelcase data expands CDP's comprehensive global
inventory of self-reported environmental data – raising the bar and
driving collective action in the industry through greater
transparency.
"It is clear that sustainability – and the data that underpins
it - is not a 'nice to have', but an essential part of long-term
success in the business community that is showing no sign of
slowing down – nor should it," said Sherry
Madera, chief executive officer of CDP. "Disclosure works,
and today we should take a short pause to celebrate the dedication
to transparency and accountability shown by Steelcase reporting
through CDP this year. By sharing its environmental data with CDP,
Steelcase is continuing an environmental journey that will
contribute to keeping that future in sight."
As stated in its 2023 Impact Report, Steelcase is doing its best
work for the places we all share by designing better futures for
the wellbeing of the planet by reducing its carbon footprint,
designing for circularity and choosing and using materials
responsibly. The organization is also recognized by CDP as a leader
in supply chain engagement and has been listed on its Supplier
Engagement Leaderboard for the past three years. Last year,
Steelcase earned a Gold Rating from EcoVadis, a leading provider of
business sustainability ratings, including a perfect score on its
environmental scorecard, and received the Better Practice award
from the U.S. Department of Energy Better Plants program. The
organization also continues to lead the industry with the most
BIFMA LEVEL-certified products, which certifies products to the
highest standards for sustainable design.
To learn more about CDP and view the full list of companies
disclosing, visit the organization's website. To learn more about
Steelcase's work to do better for the world we share, visit
Steelcase.com/Pople-Planet.
About Steelcase
Established in 1912, Steelcase is a global design and thought
leader in the world of work. We help people do their best work by
creating places that work better. Along with more than 35 creative
and technology partner brands, we design and manufacture innovative
furnishings and solutions for the many places where work happens —
including learning, health and work from home. Our solutions come
to life through our community of expert Steelcase dealers in
approximately 770 locations, as well as our online Steelcase store
and other retail partners. Founded in Grand Rapids, Michigan, Steelcase is a
publicly traded company with fiscal year 2023 revenue of
$3.2 billion. With our 12,000 global
employees and dealer community, we come together for people and the
planet — using our business to help the world work better.
About CDP
CDP is a global non-profit that runs the world's environmental
disclosure system for companies, cities, states and regions.
Founded in 2000 and working with more than 740 financial
institutions with over $137 trillion
in assets, CDP pioneered using capital markets and corporate
procurement to motivate companies to disclose their environmental
impacts, and to reduce greenhouse gas emissions, safeguard water
resources and protect forests. Over 25,000 organizations around the
world disclosed data through CDP in 2023, with more than 23,000
companies – including listed companies worth two thirds global
market capitalization - and over 1,100 cities, states and regions.
Fully TCFD aligned, CDP holds the largest environmental database in
the world, and CDP scores are widely used to drive investment and
procurement decisions towards a zero carbon, sustainable and
resilient economy. CDP is a founding member of the Science Based
Targets initiative, We Mean Business Coalition, The Investor Agenda
and the Net Zero Asset Managers initiative. Visit cdp.net or follow
us @CDP to find out more.
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SOURCE Steelcase