Advanced Sustainability Ratings from Sustainalytics and EcoVadis for Pfeiffer
Vacuum
We are proud to announce that Pfeiffer Vacuum was awarded a Gold Medal in the
reputable sustainability rating of EcoVadis. "With this we are ranked within
the top 2% of all manufacturing companies rated by EcoVadis worldwide. They
certified our best in class greenhouse gas management system and strong
decarbonization ambition with committed science-based targets", explains Erdi
Tünay, Head of CSR Controlling & Reporting. EcoVadis is an
international assessment platform for determining sustainability along the
entire supply chain, with the aim of creating more transparency between
business partners.
Furthermore, Sustainalytics, one of the best-known sustainability rating
agencies, classifies Pfeiffer Vacuum at a medium-risk of experiencing material
financial impacts from sustainability factors, due to our exposure to a medium
risk environment and strong management of material CSR issues. They explicitly
remarked that our company has a strong governance performance, which is
reducing our overall risk and that we have not been party to any significant
controversies. From an ESG Risk Rating of 31.43 in 2019 we have now improved
to a rating of 22.9. This means we moved from a high risk of experiencing
material financial impacts from sustainability factors to medium.
Looking at the industry sector Pfeiffer Vacuum is ranked in the top 20% (rank
91 of 572) of the companies rated by Sustainalytics.
What is the ESG Rating?
Erdi Tünay explains it like this: "The ESG Ratings refer to the
assessment and rating of a
company’s environmental, social
and governance achievements and risks (ESG). It
indicates how well a company manages its environmental impact, treats its
employees and stakeholders and maintains good governance practices. The term
ESG has become established as the standard for sustainable management."
There are several sustainability rating agencies that systematically calculate
and compare the ESG ratings of companies with the help of special indicator
systems. Both ratings, the EcoVadis Gold Medal and Sustainalytics Risk Rating
confirm our good progress in implementing our business strategy of becoming
the most sustainable market player in our industry.