(MENAFN- GlobeNewsWire - Nasdaq) SAN JOSE, Calif., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that it has been awarded a Gold Medal by EcoVadis , a trusted provider of business sustainability ratings globally, in recognition of Infinera's progress toward its environmental, social, and governance (ESG) goals. Infinera achieved an overall score of 79 across evaluation criteria including Environment, labor & Human Rights, Ethics, and Sustainable Procurement, ranking in the 98th percentile and top five percent of companies assessed by EcoVadis in the past 12 months.
This achievement reflects Infinera's ongoing investment in reducing the environmental impact of open optical networking equipment manufacturing, distribution, and implementation. In accordance with the Paris Agreement's goal to keep the earth's temperature below a 1.5 ̊ C increase from pre-industrial levels, Infinera has set the goal of an 85 percent reduction in its Scope 1 and Scope 2 greenhouse gas emissions by 2030 . The company is also committed to reducing its absolute Scope 3 GHG emissions by 25 percent within the same timeframe.
“As the telecommunications industry faces a critical juncture in the fight against climate change and social inequality, we greatly appreciate EcoVadis' recognition of our unwavering dedication to continuously improving our positive impact in these areas,” said David Heard, CEO at Infinera.“This achievement is the result of our ESG team's long-term commitment to engaging with partners throughout our value chain and improving processes as we work toward a more connected, equitable, and sustainable future.”
For more information about Infinera's ESG goals and achievements, visit Infinera Environmental, Social, and Governance .
Contacts:
Infinera Media:
Anna Vue
Tel. +1 (916) 595-8157
...
Infinera Investors:
Amitabh Passi, Head of Investor Relations
Tel. +1 (669) 295-1489
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About Infinera
Infinera is a global supplier of innovative open optical networking solutions and advanced optical semiconductors that enable carriers, cloud operators, governments, and enterprises to scale network bandwidth, accelerate service innovation, and automate network operations. Infinera solutions deliver industry-leading economics and performance in long-haul, submarine, data center interconnect, and metro transport applications. To learn more about Infinera, visit , follow us on Twitter and LinkedIn , and subscribe for updates .
Infinera and the Infinera logo are registered trademarks of Infinera Corporation.
This press release contains forward-looking statements, including but not limited to its ability to achieve its ESG goals within certain timeframes. These statements are not guarantees of results and should not be considered as an indication of future activity or future performance. Actual results may vary materially from these expectations as a result of various risks and uncertainties. Information about these risks and uncertainties, and other risks and uncertainties that affect Infinera's business, is contained in the risk factors section and other sections of Infinera's Quarterly Report on Form 10-Q for the Fiscal Quarter ended September 28, 2024 as filed with the SEC on November 5, 2024, as well as any subsequent reports filed with or furnished to the SEC. These reports are available on Infinera's website at and the SEC's website at Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies and can be identified by words such as“anticipate,”“believe,”“could,”“estimate,”“expect,”“intend,”“may,”“should,”“will,” and“would” or similar words. Infinera assumes no obligation to, and does not currently intend to, update any such forward-looking statements.
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