Technogym was awarded the Platinum Medal for Sustainability, the highest available recognition, by corporate sustainability agency EcoVadis. This achievement places the Italian fitness technology and equipment maker amongst the top 1 percent of companies worldwide in the EcoVadis rankings.
Technogym obtained an overall score of 84/100, representing an 8-point increase compared to the previous year. The evaluation covers four themes: environment, labor & human rights, ethics, and sustainable procurement. The score increase was driven primarily by progress in environmental management, ethical practices, and sustainable procurement, said Technogym.
“We are proud of this recognition, which validates our efforts and motivates us to pursue our medium-term sustainability goals with even greater determination,” said Nerio Alessandri, Technogym’s Founder and CEO, in a statement.
Technogym increased revenues in 2024
Ecovadis, launched in Paris in 2007, has a network of more than 150,000 rated companies. Its methodology is built on international sustainability standards, including the Global Reporting Initiative (GRI), the United Nations Global Compact, and the ISO 26000.
Technogym, headquartered in Cesena, Italy, reported double-digit increases in both its Business-to-Business (B2B) and Business-to-Consumer (B2C) segments and improved sales in all geographies in 2024. Consolidated revenues rose 11.5 percent year-over-year to €901.3 million as the B2C and B2B businesses each increased by more than 11 percent. Adjusted net income for the full year grew 15 percent to €90 million.
