GEA has used group-wide KPIs since 2016 to monitor its ESG performance. Each year, we report on material topics relevant to the company‘s economic, environmental and social impact, covering:
Since 2019, the compensation of GEA Executive Board members has been tied to aspects of sustainability. However, with the approval of a new remuneration scheme at the Annual General Meeting in April 2021, Executive Board compensation will be more strongly tied to strategic ESG targets, linking GEA’s business growth and success to the achievement of its sustainability targets.
GEA’s ESG performance reporting is prepared in accordance with the standards set by the Global Reporting Initiative (GRI, “option: Core”). GEA Group Aktiengesellschaft is certified to ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018. Certification under ISO 50001:2018 is performed at site level.
Our ESG performance is regularly assessed by ESG rating agencies. ESG ratings provide stakeholders with information that is important to their investment decisions. Most notably, GEA has received top ratings and rankings from: EcoVadis, CDP and MSCI.
GEA is also listed on the DAX 50 ESG and MSCI Global Sustainability Indexes.
The ‘Gold’ rating from EcoVadis places GEA in the top two percent of all companies in the mechanical engineering sector worldwide for sustainability management.
GEA holds two CDP leadership rankings for performance and reporting transparency: an ‘A’ for water stewardship and an ‘A-’ in climate change.
In 2020, GEA received an ‘A’ rating (on a scale of AAA-CCC) in the MSCI ESG Ratings assessment.*
Following the June 2021 index review, GEA remains a constituent of the FTSE4Good Index Series, which measures the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices.
On July 15, 2021, GEA received ‘Prime Status‘ (leadership in its industry index group) in the ISS ESG Corporate Rating.
Fostering dialog between governments, business, finance and civil society, the initiative aims to drive the use of efficient, climate-friendly cooling in urban environments, buildings and industrial processes worldwide.Read more
In accordance with the standards set by the Global Reporting Initiative (GRI), our report provides greater disclosure and across more topics than is required in non-financial group statements.
GEA has scored its best result to date in the climate assessment of the Carbon Disclosure Project (CDP). With an overall score of “A-,” the Group now meets the leadership criteria, having ranked among the leaders in both sector and regional benchmarking.Read more
The use by GEA of any MSCI ESG Research LLC or its affiliates (“MSCI”) data, and the use of MSCI logos, trademarks, service marks or index names herein, do not constitute a sponsorship, endorsement, recommendation, or promotion of GEA by MSCI. MSCI services and data are the property of MSCI or its information providers, and are provided ‘as-is’ and without warranty. MSCI names and logos are trademarks or service marks of MSCI.
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