Colt awarded Platinum EcoVadis rating for third consecutive year for outstanding ESG performance
Published by Colt Technology Services on January 20, 2025
Top rating sees Colt retain its position in the top 1% of global EcoVadis businesses for ESG performance
Colt Technology Services today announced it has secured a Platinum rating from EcoVadis, the world’s largest and most trusted sustainability ratings provider, for the third consecutive year. Platinum is the highest achievable rating and ranks Colt in the top 1% of global EcoVadis companies.
EcoVadis’ business sustainability ratings are based on international sustainability standards such as the Ten Principles of the UN Global Compact, the International Labor Organization (ILO) conventions, the Global Reporting Initiative (GRi) standards and the ISO 26000 standard. The ratings provide an evidence-based analysis on performance and an actionable roadmap for continuous improvement.
Its assessment evaluates 21 sustainability criteria across four core themes: environment; labour and human rights; ethics and sustainable procurement. This year’s ranking positions Colt in the 99th centile with an overall score of 81 out of 100 for 2024, up from the previous year’s score of 79 and an increase from 75 in 2022.
Progress in Colt’s ESG practices over the past 12 months includes:
- Reduced energy consumption of heating, ventilation and air conditioning: Colt has successfully progressed a number of ‘Smart X’ incubation activities with customers and technology partners. Colt’s Smart Building solution in Colt House collects building data to improve emissions reporting, analytics and diagnostics, enabling AI-driven energy and CO2 emissions optimisation. The use of AI to control the heat and air configuration in the building is expected to produce a reduction of 30% against the 2019 baseline for building energy consumption and CO2 emissions.
- Materials reused, recovered and repurposed: Colt completed a four-year project to remove nearly all its TDM switches (devices used to manage and route multiple signals over a single communication channel) and SDH core network equipment, eliminating 130,000 legacy circuits. Additionally, Colt is collaborating with partners to analyse and recycle decommissioned SDH materials.
- Electrification of its fleet: Colt has continued to upgrade its vehicle fleet to lower carbon vehicles, switching to electric or hybrid fleet cars as well as installing charge points in all Colt sites. At the end of 2024, 38% of its vehicle fleet were full Battery Electric Vehicles (BEV) and a further 49% were Plug-in Hybrid Electric Vehicles (PHEVs).
- Inclusive Employers Standard achieved: Colt secured Bronze in the Inclusive Employers Standard, a globally recognised benchmark for workplace inclusion and diversity. The standard enables Colt to benchmark and measure progress across various DEI areas using a maturity model.
- Progressed its Social Impact Strategy: Throughout 2024 Colt has progressed its Social Impact Strategy, supporting charities which help disadvantaged children, young people and other underrepresented groups, with digital inclusion and STEM education.
- Publication of its United Nations Global Compact report: Colt, as a member of the United Nations Global Compact (UNGC), published its Communication of Progress (COP), demonstrating Colt’s ongoing commitment to adhering to the ten principles of the UNGC, which cover areas such as environmental protection, human rights and labour standards.
Keri Gilder, CEO, Colt Technology Services said, “2024 marked the hottest summer on record and it was the first year that temperatures exceeded 1.5C above pre-industrial levels. There has never been a greater urgency for businesses to act. At Colt, we’re working incredibly hard to drive positive change across all areas of ESG. Securing our EcoVadis Platinum medal for the third consecutive year makes us incredibly proud. It recognises our deep commitment and the significant steps we are taking towards building a brighter, equitable, more sustainable future.”
Caroline Griffin Pain, chief legal officer, Colt Technology Services said, “Our customers rely on us for guidance, support and information to drive their sustainability journeys. It’s a responsibility we take very seriously, and one that informs and shapes our ESG strategy and values. At Colt, these values are our guiding principles, and they’re fundamental to our culture and behaviours. We’re absolutely delighted that our progress in ESG has been recognised once again by EcoVadis as we continue our journey to reach net zero carbon by 2045 and strive to build an inclusive business where everyone is welcome”.
Since launching its ‘sustainability by design’ strategy in 2021, Colt has intensified its efforts to combat the climate crisis by setting and achieving ambitious science-based targets. By 2045, Colt aims to reach net zero emissions and inspire the industry to take meaningful action. More information on Colt’s progress in ESG and its ambitious targets to Net Zero can be found in Colt’s third sustainability report.
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