nVent Earns High Marks for ESG in Rigorous Third-Party Assessment
nVent earned a Silver sustainability rating from EcoVadis, ranking nVent in the top 13% of companies reviewed in the same industry. This is the first year nVent has submitted materials to EcoVadis for assessment.
At nVent, Environmental, Social and Governance (ESG) is an essential part of our business strategy and we are dedicated to continuously improving our efforts. EcoVadis is an independent organization that rates the quality of companies’ ESG management systems based on their policies, actions and measurable results. The EcoVadis assessment process covers a wide range of topics including the environment, labor and human rights, ethics, and sustainable procurement. The EcoVadis assessment is a valuable tool for both reporting and validating ESG results as well as identifying areas for improvement.
Companies must voluntarily submit to EcoVadis to be assessed, so benchmarking can only be performed against companies that choose to apply—usually companies that have established ESG programs in place. This makes nVent’s Silver medal and ranking in our industry even more impressive.
“nVent began building our ESG program the moment we became nVent. To be recognized with a Silver medal in our first assessment is a significant achievement for nVent, and a testament to the hard work of our teams,” said nVent General Counsel and Secretary Jon Lammers.
nVent scored above average in our industry in each of EcoVadis’ four main assessment areas, with our strongest scores coming in the environment category. nVent’s goals played an important role in our positive scores. These goals strengthen our commitment to ESG and help us communicate our progress on important issues. We are driving a culture focused on inclusion, diversity, employee engagement, safety, and integrity. We are developing highly differentiated solutions that create value for our customers and are good for the world. We are operating with responsible energy, waste, and water management practices to help protect natural resources.
Learn more about our ESG efforts and read our 2020 ESG Report at nVent.com/ESG.