Corporate press release
GEA recognized by CDP with ‘A’ score for transparency on climate change
5 Feb 2024
GEA scores an ‘A’ for its transparency and performance on climate change by global environmental non-profit organization CDP. This marks the third time in a row that the mechanical engineering company has been included in CDP’s A list, which is the highest possible rating. According to CDP, GEA is only one of a small number of companies that achieved an ‘A’ – out of 21,000 companies scored.
“Receiving this recognition from CDP is another proof point that we are on the right path in the transformation of our operations, our product portfolio and our supply chain,” says Chief Sustainability Officer Dr. Nadine Sterley. “With our Climate Transition Plan 2040, we are continuing on our trajectory of transparency and performance in reaching our goals.”
GEA is committed to achieving net-zero greenhouse gas (GHG) emissions along its entire value chain by 2040. By 2026, GEA aims to reduce its GHG emissions from its own activities (Scope 1 and 2) by 60 percent. In the medium term, GEA expects to cut its GHG emissions from its own operations (Scope 1 and 2) by 80 percent and product-related emissions (Scope 3) by 27.5 percent by 2030. The Science Based Targets Initiative (SBTi) recently validated GEA’s long-term goals as well as its upgraded medium-term targets.
"Receiving this recognition from CDP is another proof point that we are on the right path in the transformation of our operations, our product portfolio and our supply chain."
- Dr. Nadine Sterley
Chief Sustainability Officer
CDP scores are widely used to drive investment decisions
In 2023, over 740 financial institutions with over US$136 trillion in assets requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. A record-breaking 24,000 companies responded. A detailed and independent methodology is used by CDP to assess these companies, allocating a score of A to D- based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets. Those that don’t disclose or provide insufficient information are scored an F.
Matthias Schnettler
Media Relations
GEA Group Aktiengesellschaft
Peter-Müller-Str. 12
40468
Düsseldorf
Germany
+49 211 9136-0
About GEA
GEA is one of the world’s largest suppliers of systems and components to the food, beverage and pharmaceutical industries.
GEA is listed on the German MDAX, the European STOXX® Europe 600 Index and is also a constituent of the leading sustainability indices DAX 50 ESG, MSCI Global Sustainability and Dow Jones Best-in-Class World.
