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EGGER Group was able to achieve two awards in sustainability ratings: Prime status in the ISS ESG Corporate Rating and the EcoVadis silver medal.
"We are very pleased about the awards from leading global ESG rating agencies. At the same time, we take their analyses as an opportunity to identify potential and continue to improve our sustainability performance in the future," says Ulrich Bühler, EGGER Group Management Sales & Marketing.
ESG ratings give good report card
ISS ESG is one of the leading rating agencies in the sustainable investment segment. For the first time, it awarded the EGGER Group Prime status, which is reserved for the best companies in their respective industries, on the basis of the 2019/2020 sustainability report. ISS ESG follows a scientifically based rating concept. Non-financial information from the areas of environment, social affairs and governance is taken into account. The assessment of a company's sustainability performance is based on around 100 criteria that are specifically selected for each industry. Companies achieve Prime status if they meet or exceed the sustainability performance requirements defined by ISS ESG for a specific industry. EGGER found itself in the top 3 of 46 companies in its own industry that have been assessed by ISS.
EcoVadis, one of the world's largest providers of sustainability ratings, awarded EGGER the silver medal for the second time. This puts the wood-based materials manufacturer among the top 25 percent of all companies evaluated industry-wide. The evaluation focuses on 21 criteria, which are subdivided into four subject areas: Environment, Labour and Human Rights, Ethics and Sustainable Procurement. EGGER was able to increase its overall rating compared to the last EcoVadis rating and is now among the top 5 percent of companies evaluated in its own industry.