Colt secures Platinum EcoVadis rating for second consecutive year recognising outstanding ESG performance
Published by Colt Technology Services on October 23, 2023
Top rating sees Colt retain its position within 1% of global businesses for sustainability as it marks historic milestone for ESG across the telecoms industry
London, UK 23rd October 2023 – Colt Technology Services today announced it has been awarded a Platinum rating from EcoVadis, the world’s largest and most trusted sustainability ratings provider, for the second consecutive year. The prestigious Platinum rating – awarded to just 1% of global companies and the highest possible EcoVadis rating – recognises Colt’s continuing commitment to its ambitious ESG (Environmental, Social and Governance) targets. EcoVadis partners with more than 110,000 companies from over 200 industries across 175 countries to deliver the world’s most credible, trusted sustainability ratings.
This year’s ranking positions Colt in the 99th centile, with an overall score of 79 out of 100, an increase from 75 in 2022. This score is based on ratings for action and commitment in environment, labour and human rights, ethics and sustainable procurement. Specifically in sustainable procurement, the score has risen ten points following a successful ongoing programme to build sustainability into critical business processes: for example, more than 70% of Colt suppliers are engaged on ESG topics.
The EcoVadis Platinum rating comes as Colt marks an historic milestone across the telecoms industry, completing the removal of 130,000 legacy circuits from its network. Previously, businesses used the circuits to connect voice and data network points, as well as internal infrastructure and business applications. As part of this milestone, over 6,500 pieces of equipment, across more than 2000 sites in Europe, have now been successfully decommissioned. These changes are anticipated to result in a substantial annual reduction in energy consumption of 13.2 Gigawatt hours per year. As part of its commitment to Net Zero, Colt seamlessly migrated 2,800 business customers to more energy-efficient, sustainable digital infrastructure. This gives them access to a diverse set of digital features and services – such as Voice over IP – which contributes to their own ESG goals and helps them compete in today’s dynamic business landscape.
Keri Gilder, CEO, Colt Technology Services, said, “This is a really proud moment for us: achieving Platinum rating from EcoVadis for one year is fantastic, but to retain this for two consecutive years is remarkable. It’s testament to the incredible work we’re carrying out across the business to make the world a better place for our Colties, our customers and our partners, like switching off our legacy services and giving businesses access to a more sustainable, cutting-edge digital infrastructure, ensuring a superior and more reliable experience.”
Caroline Griffin Pain, General Counsel, Colt Technology Services, said, “ESG is the foundation of the values we live by at Colt – we use our voice to champion change across the industry at every opportunity. Achieving the EcoVadis Platinum rating for the second year in a row recognises this mission and spotlights the progress we’re making. There’s still much to do, but this gives us a moment to reflect on how far we’ve come.”
More information on Colt’s progress in ESG and its ambitious targets to Net Zero can be found in Colt’s 2022 Sustainability report. The report highlights progress for Colt Group – comprising Colt Technology Services and Colt Data Centre Services – in areas of Environmental, Social and Governance (ESG) against ambitious targets set for the 12 months ending 31st December 2022.
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