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Tuesday / June 25.
HomeminewsEssilor Ranked One of the World’s Most Innovation

Essilor Ranked One of the World’s Most Innovation

Essilor International has been ranked 25th on the “Global List of Companies Most Likely to Succeed Now and in the Future” by the esteemed American business magazine, Forbes.

“The World’s Most Innovative Companies” list aims to identify the leading-edge corporations most likely to succeed now and in the future based on an eight-year study by Harvard Business School professor and master of disruptive innovation, Clayton M. Christensen, along with colleagues Jeff Dyer, a professor at Brigham Young University, and Hal B Gregersen, a professor of leadership at INSEAD, one of the world’s leading and largest graduate business schools.

The rankings are based on an assessment of each company’s “innovation premium,” a quantified metric that measures the premium the stock market gives a company for anticipated or expected innovation.

Essilor, achieved an innovation premium of 33.2 in the Top 100 companies on the Forbes list. Alcon ranked just ahead of Essilor at 21st with a premium of 34.9, Proctor & Gamble ranked 24th with an innovation premium of 33.4 and L’Oreal came in 26th with an innovation premium of 33.1.

Essilor, achieved an innovation premium of 33.2 in the Top 100 companies on the Forbes list. Alcon ranked just ahead of Essilor at 21st with a premium of 34.9, Proctor & Gamble ranked 24th with an innovation premium of 33.4 and L’Oreal came in 26th with an innovation premium of 33.1…

“Essilor and our employees are honoured to be recognised for our contributions to improving people’s vision around the world,” said Hubert Sagnieres, Essilor CEO.

“Since 1848, innovation has been a driving force at the heart of Essilor’s success. We look to innovate in our groundbreaking research and development programmes as well as throughout every aspect of our business from corporate culture to customer service and strategy.”

The Group invests €150 million each year into research, and has three Technology and Innovation centres and 550 researchers around the world. As a result, in an industry that is still young and where the innovation curve is promising, Essilor says that some 40 per cent of the company’s annual sales come from products that have been launched within the past three years.

Essilor’s approach to innovation relies on an extensive network of international partnerships involving universities, industrial groups and innovative subject matter experts, including the Vision Institute and the CNRS (National Scientific Research Center) in France, the SERI (Singapore Eye Research Institute), the world-famous ophthalmology and visual sciences unit in Singapore or the University of Montreal in Canada.

The Group adapts technologies employed in different scientific disciplines in the design of its new products. This process of continuous renewal guarantees optimum visual quality and comfort for wearers. Iconic products, such as Varilux, the world’s first progressive addition lens, and Crizal, their No-Glare lens, symbolise Essilor’s capacity for innovation.