Ericsson ranked highest in CSR among nearly 200 Verizon suppliers
Score driven by Ericsson's robust CSR programs, comprehensive policies, actions and results
Commitment to CSR continues to enhance Ericsson's competitiveness
Ericsson (NASDAQ:ERIC, news, filings) has been awarded Verizon's first Top Performance Award for Corporate Social Responsibility (CSR). Ericsson ranked highest among Verizon's top suppliers after the company conducted an extensive CSR evaluation of nearly 200 of its top suppliers.
"Good suppliers help make Verizon a better company," said James Gowen, Chief Sustainability Officer, Verizon. "Working with a world-class and responsible supplier like Ericsson, makes us a better company everywhere we do business around the globe."
Supply chain transparency is a core element of Verizon's own commitments to Corporate Social Responsibility and its mission to use its technology to solve some of the world's most pressing problems in education, healthcare, energy management and sustainability.
In 2013, Verizon assessed the CSR policies and practices of nearly 200 of its top suppliers - based on their industry, the dollar value of Verizon's spending with them, their geographic scale and the size of their business. Verizon looked at the suppliers' policies for ethical, environmental, social, human rights, labor and safety standards and practices that are embodied in the Verizon Supplier Code of Conduct. Verizon also reviewed the actions of suppliers in those areas and examined the results of CSR-related actions.
Ericsson received the highest CSR score - driven by its robust CSR management system, its comprehensive policies, its actions and its results.
"Verizon and Ericsson make up an important part of the industry value chain and together we are creating shared values for our companies as well as society," said Elaine Weidman, Vice President, Sustainability and Corporate Responsibility, Ericsson. "We are honored that Verizon has validated our efforts with this prestigious award."
Ericsson recently published its 21st Sustainability and Corporate Responsibility report summarizing its performance during 2013. Highlights include: a solidified approach to responsible business including rigorous compliance processes; energy efficient solutions from the company's product portfolio; and extended reach in providing access to communication for all, including refugees and students in remote areas.
NOTES TO EDITORS
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Ericsson is the driving force behind the Networked Society - a world leader in communications technology and services. Our long-term relationships with every major telecom operator in the world allow people, businesses and societies to fulfill their potential and create a more sustainable future.
Our services, software and infrastructure - especially in mobility, broadband and the cloud - are enabling the telecom industry and other sectors to do better business, increase efficiency, improve the user experience and capture new opportunities.
With more than 110,000 professionals and customers in 180 countries, we combine global scale with technology and services leadership. We support networks that connect more than 2.5 billion subscribers. Forty percent of the world's mobile traffic is carried over Ericsson networks. And our investments in research and development ensure that our solutions - and our customers - stay in front.
Founded in 1876, Ericsson has its headquarters in Stockholm, Sweden. Net sales in 2013 were SEK 227.4 billion (USD 34.9 billion). Ericsson is listed on NASDAQ OMX stock exchange in Stockholm and the NASDAQ in New York.
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