Company publishes FY24 Impact Report detailing environmental and social performance

LAUSANNE, Switzerland & SAN JOSE, Calif.–(BUSINESS WIRE)–Logitech International (SIX: LOGN) (Nasdaq: LOGI) today released its annual Fiscal Year 2024 Impact Report detailing the Company’s progress toward its sustainability ambition. The Company reports continued progress in reducing product carbon at scale through Designing for Sustainability (DfS) across its portfolio. In 2023, product-level changes resulted in a reduction of nearly 139,000 metric tons of CO₂e about the company’s portfolio and activities, which is equivalent to orbiting the Earth approximately 13,000 times¹ in an average petrol engine car.

“Logitech continues its impactful and groundbreaking sustainability efforts,” said Hanneke Faber, CEO of Logitech. “As we work to achieve our ambitious near-term goal of reducing Scope 3 emissions by 50% by 2030, we’ve reduced our carbon footprint (Scope 1 & 2) by 58% since 2019, and our value chain emissions (Scope 3) by 24% compared to 2021. Designing for sustainability and using renewable energy sources will be our path forward to further reducing our footprint.”

Designing for sustainability

Logitech uses the power of design to drive innovation and scale progress. Environmental and social impacts are carefully considered in every design decision, from the moment raw materials are sourced through the end of a product’s life. The company intentionally builds the reduction of a product’s carbon footprint into its design criteria across its portfolio. The FY24 Impact Report includes several products that achieved carbon reductions by implementing DfS, including the Wave Keys wireless keyboard with a 37% carbon footprint reduction compared to Gen 1 and Casa Pop-Up Desk with a 34% carbon footprint reduction compared to a do-nothing scenario. By improving and scaling its design for sustainability competencies, the company has reduced its carbon footprint and achieved the following:

• 3 out of 4 products use Next Life Plastics (recycled plastic), saving more than 25,000 tons of CO₂e in 2023. Total 75,000 tCO₂Since the program launched in 2020, more than 30,000 tons of new plastic have been saved.

• Transparency: 66% of Logitech products now carry a carbon label, up from 42% in 2022, and the company is on track to have all of its products carbon labeled by the end of 2025.

• 66 product lines use low-carbon aluminum produced with renewable energy, eliminating more than 13,000 tons of CO₂and in 2023.

• 19% of products are packaged in FSC™-certified paper and the majority (73%) of new products are packaged in FSC™-certified packaging.

• Globally, 94% of the company’s electricity footprint comes from direct and indirect purchases of renewable electricity.

An advocate for equality and inclusion

Logitech has successfully achieved gender parity at the top of the company. The leadership team has a 50:50 male-female ratio and is led by a female CEO. The board of directors has a 40% female representation.

The company continues to promote programs and products that advance equality and inclusivity in communities around the world. In addition to working to close the gender gap in the tech industry at large, it focuses on creating safe and inclusive digitally accessible environments and partners with organizations like Girls Who Code, AbleGamers, GLAAD, Team4Tech, and The Royal College of Art in London. Its ongoing partnership with Pensole Lewis College (PLC), a historically Black college, fosters design creativity and advances STEAM education programs in BIPOC communities.

Additionally, the company’s Supplier Diversity Pledge encourages Black, female, and minority-owned partnerships and has expanded its reach to diverse suppliers. It also maintained its Gender Fair certification for the 3rd year since co-founding the Coalition for Gender Fair Procurement in 2021.

Logitech’s FY24 Impact Report was prepared with reference to the Global Reporting Initiative (GRI) standards and is aligned with the United Nations Global Compact (UNGC) and the UN Sustainable Development Goals (SDGs).

More information on these and other sustainability achievements can be found in the full FY24 report. Learn more about Logitech’s sustainability initiatives and commitments by visiting Logitech.com/sustainability.

About Logitech

Logitech designs software-defined hardware solutions that help businesses thrive and bring people together to work, create, game, and stream. As the connection between people and the digital world, our mission is to expand human potential in work and play in a way that is good for people and the planet. Founded in 1981, Logitech International is a Swiss public company listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI). Find Logitech and its other brands, including Logitech G, on www.logitech.com or company blog.

(LOGIIR)

Contacts

Editorial contacts:
Marie Perriard, Chief Sustainability Communications Officer – US (e-mail address)
Nicole Kenyon, Head of Global Corporate & Employee Communications – US (510) 988-8553

Ben Starkie, Corporate Communications – Europe +41 (0) 79-292-3499