Essilor Ranked 23rd On Forbes Magazine's List Of The World's Most Innovative Companies
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Essilor Ranked 23rd On Forbes Magazine's List Of The World's Most Innovative Companies

By Essilor News

09/13/2013

Charenton-le-Pont, France (9 September 13) – For the 3rd year in a row, Essilor has made it on to Forbes magazine's list of the World's Most Innovative Companies. Once again, the world leader in ophthalmic optics has been rewarded for its innovation strategy. This year, it is up 5 places on 2012, climbing from 28th to 23rd place on Forbes’ list of companies recognized for highlighting innovation as a key driver for their success – both today and in the years to come. Essilor ranks as the 5th most innovative company in Europe, and the 2nd most innovative in France, according to the magazine.

This highlights Essilor’s long-standing reputation as a company focused on innovation. Essilor currently invests around €150 million per year in research and innovation. With its three Innovation and Technology Centres and some 500 researchers throughout the world who are all dedicated to developing solutions for the 4.2 billion people who need vision correction, innovation is at the very core of its strategy and has shaped its corporate culture for more than 165 years.

As one of the pillar of the Group's growth, innovation has generated major scientific, technological and logistic breakthroughs in Essilor’s products and services, aiming at providing high-quality visual solutions to as many people as possible, in terms of correction, protection and prevention. Products launched over the last 3 years account for approximately 40% of Essilor’s annual sales.

Among some of the Group's most recent major innovations are:

  • Crizal® Prevencia™, the first lens protecting the eye against the harmful effects of blue light and minimising the risks of AMD (age-related macular degeneration).
  • Crizal® UV, the first corrective lens which provides the eye with effective protection against reflected and transmitted UV light,
  • Varilux® S Series, which reinvents the progressive lens, giving people with presbyopia vision without limits,
  • Optifog®, the first high-performance anti-fog lens

In its approach to innovation, the Group draws on a wide network of international partners. Among these are universities, industrial companies and cutting-edge technology specialists, such as the Vision Institute and the National Centre for Scientific Research in France, the Nikon-Essilor International Joint Research Centre – a joint-venture research company focusing on breakthrough technologies- in Japan, the universities of Shanghai and Wenzhou in China and the University of Montréal in Canada. 

Innovation also plays a key role in the development of new economic models. The launch of the "2.5 New Vision Generation" division last August is an example. It was set up to provide people living in developing countries with access to vision correction through scalable solutions that are profitable and sustainable, such as the Eye Mitra programme in India. It enables young people in rural communities to set up micro-enterprises which can carry out basic vision testing and provide people with simple and affordable spectacles.

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About Forbes’ innovation ranking
The "World's most innovative companies" list identifies the leading-edge corporations most likely to succeed now and in the future. It is the result of an eight-year study carried out by Clayton M. Christensen, a professor of disruptive innovation at Harvard Business School, in collaboration with Jeff Dyer, professor at Brigham Young University and Hal B Gregersen, professor of leadership at INSEAD. The three of them together have written “The Innovator’s DNA", a recently-published book. 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 expected or anticipated innovation.
The complete list is available online at: http://www.forbes.com/innovative-companies/list/

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