SCS Steelcase Inc. Class A

Steelcase Receives Gold Rating from EcoVadis for Industry-Leading Work Caring for People and the Planet, Earns Perfect Score on Environmental Scorecard

Steelcase Receives Gold Rating from EcoVadis for Industry-Leading Work Caring for People and the Planet, Earns Perfect Score on Environmental Scorecard

The global furniture manufacturer continues to be ranked among the top two percent in the industry and is awarded Gold for the third consecutive year

GRAND RAPIDS, Mich., June 08, 2023 (GLOBE NEWSWIRE) -- Steelcase announced today it was awarded a Gold rating from EcoVadis for the third consecutive year for its industry-leading commitments to the wellbeing of people and the planet. The company earned 100 percent on the EcoVadis environmental scorecard and continues to be ranked in the top two percent of companies in the global furniture manufacturing industry.

EcoVadis is the world’s largest and most trusted provider of business sustainability ratings, which are awarded based on the four themes of environment, labor and human rights, ethics and sustainable procurement.

Steelcase is recognized especially for its sustainability achievements, including its progress toward its ambitious goal of reducing greenhouse gas emissions by 50 percent by 2030. The company's targets are validated by the independent Science-Based Targets initiative, the leading authority that evaluates how much and how quickly organizations need to reduce emissions to prevent the worst effects of climate change. Steelcase also received scores well above industry averages in all four themes, which led to the gold rating.

"This positive feedback from EcoVadis inspires us as we continue to work on reaching our 2030 reduction targets and accomplish more for the wellbeing of people and the planet,” said Kim Dabbs, Steelcase vice president of ESG and social innovation. “We're making great strides as we begin to invest in onsite renewable energy, engage our global supply chain to set equally ambitious carbon reduction targets, while also helping communities thrive through our Better Futures Community and fostering inclusion through the development of more accessible and equitable workplaces.”

Steelcase products and operations are designed around a commitment to reduce climate change, reinforced by sustainable practices across its value chain. The organization is a recognized leader in supply chain engagement and is listed on the and received . The organization also continues to lead the contract office furniture industry with the most BIFMA LEVEL-certified products, which certifies products to the highest standards for sustainable design.

Learn more about Steelcase’s ongoing commitment to people and the planet at

About Steelcase

Established in 1912, Steelcase is a global design and thought leader in the world of work. We help people do their best work by creating places that work better. Along with more than 35 creative and technology partner brands, we design and manufacture innovative furnishings and solutions for the many places where work happens — including learning, health and work from home. Our solutions come to life through our community of expert Steelcase dealers in approximately 770 locations, as well as our online Steelcase store and other retail partners. Founded in Grand Rapids, Michigan, Steelcase is a publicly traded company with fiscal year 2023 revenue of $3.2 billion. With our 12,000 global employees and dealer community, we come together for people and the planet — using our business to help the world work better.

About EcoVadis

EcoVadis is the world’s most trusted provider of business sustainability ratings, intelligence and collaborative performance improvement tools for global supply chains. Backed by a powerful technology platform and a global team of domain experts, EcoVadis’ easy-to-use and actionable sustainability scorecards provide detailed insight into environmental, social and ethical risks across 200+ purchasing categories and 175+ countries.

Contact: Chiara Licari

Steelcase, 616.406.6494



EN
08/06/2023

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Steelcase Inc. Class A

Moody's Ratings upgrades Steelcase's CFR to Ba1; outlook is stable

Moody's Ratings (Moody's) upgraded Steelcase Inc.'s (Steelcase) ratings including its Corporate Family Rating (CFR) to Ba1 from Ba2, Probability of Default Rating (PDR) to Ba1-PD from Ba2-PD, and the rating on the company's senior unsecured notes due 2029 to Ba2 from Ba3. The company's speculative g...

 PRESS RELEASE

Steelcase Reports Fourth Quarter and Fiscal 2025 Results

Steelcase Reports Fourth Quarter and Fiscal 2025 Results Fourth quarter results compared to prior year: Orders grew 9%, driven by 12% broad-based growth in the AmericasGross margin improved 70 basis points Fiscal 2025 results: Orders grew 4%, driven by 6% growth in the Americas compared to prior yearGross margin improved 110 basis points compared to prior year, including benefits from cost reduction initiativesOperating income margin reached 5.0%, an improvement of 130 basis points compared to the prior yearAdjusted earnings per share exceeded company targetsReturned $84 million to sharehol...

 PRESS RELEASE

Steelcase to Webcast Fourth Quarter and Fiscal 2024 Conference Call

Steelcase to Webcast Fourth Quarter and Fiscal 2024 Conference Call GRAND RAPIDS, Mich., March 06, 2025 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will webcast a discussion of its fourth quarter and fiscal year 2025 financial results on Thursday, March 27, 2025 at 8:30 a.m. ET. A link to the webcast will be available at and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, March 26, 2025, after the market closes.  About Steelcase Inc.  Established in 1912, Steelcase is a glob...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Short Shots: Technically Vulnerable Stocks

Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.

 PRESS RELEASE

Steelcase Reports Third Quarter Fiscal 2025 Results

Steelcase Reports Third Quarter Fiscal 2025 Results Strong results compared to prior year including: Revenue growth of 2% driven by 5% growth in the AmericasGross margin improvement of 100 basis pointsTotal liquidity strengthened by $152 million Americas posted order growth of 2% compared to prior yearOutlook for fiscal 2025 adjusted earnings per share exceeds company targets GRAND RAPIDS, Mich., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported third quarter revenue of $794.9 million, net income of $19.1 million, or $0.16 per share, and adjusted earnings per sh...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch