Sustainability

Our performance

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:

  • People
  • Sustainable engineering
  • Environment
  • Compliance & governance
  • Supply chain

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.

Measurements based on international norms and standards

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.

Find out more in our sustainability report >

GEA is a CDP Supplier Engagement Leader

CDP Supplier Engagement Leader

To make truly meaningful reductions in harm to the environment, businesses must cascade action down the entire supply chain. We’re proud to have earned a place as a leading company on CDP’s 2022 Supplier Engagement Leaderboard, for taking action to measure and reduce climate risk within our supply chain. This places us among the top eight percent of the more than 13,000 companies evaluated.

"We need to see environmental leadership from companies right now by tackling their impacts on climate change and nature together, working with their suppliers in an integrated way that includes nature as standard, and incentivizing this engagement within their organization”.  - Sonya Bhonsle, Global Head of Value Chains, CDP 

ESG rating agency assessments

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, Sustainalytics and MSCI.  

GEA is also listed on the DAX 50 ESG, Dow Jones Sustainability Europe Index and MSCI Global Sustainability Indexes.

Ecovadis sustainability rating

The ‘Gold’ rating from EcoVadis places GEA in the top five percent of all companies worldwide for sustainability management.

CDP A List 2022 - Climate

GEA holds two CDP leadership rankings for performance and reporting transparency: an ‘A’ for tackling climate change and an ‘A-’ for acting to protect water security.

CDP leader

We’re proud to have earned a place as a leading company on CDP’s 2022 Supplier Engagement Leaderboard, for taking action to measure and reduce climate risk within our supply chain.

MSCI ESG AAA

In 2023, GEA received a rating of ‘AAA’ (on a scale of AAA-CCC) in the MSCI ESG Ratings assessment.*

FTSE4Good Index

Following the December 2022 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.

ISS ESG Prime

In September 2022, GEAs ‘Prime Status’ (leadership in its industry index group) was confirmed.

Sustainalytics

In November 2022, GEA received an ESG Risk Rating of 18.3 and was assessed by Sustainalytics to be at Low Risk of experiencing material financial impacts from ESG factors. GEA`s ESG Risk Rating places it in the 3rd percentile (1st percentile = lowest risk) in the Machinery industry assessed by Sustainalytics.**

Top rated

In 2023, GEA was recognized by Sustainalytics as an ESG Industry Top Rated company.

Dow Jones Sustainability Europe Index

Following the December 2022 annual index review, GEA became a constituent of the Dow Jones Sustainability Europe Index. The inclusion is based on a significant improvement in the S&P Global Corporate Sustainability Assessment score. GEA significantly improved its score by 13 points to reach 69 out of 100 points in 2022 from 56 points in the previous year.

Report

Sustainability Report 2022

GEA informs its investors, customers, employees as well as non-governmental organizations (NGOs) and all other stakeholders on the implementation of sustainability in the company’s strategy regarding ecology and social responsibility in its latest sustainability report.

Download

News

GEA achieves double ‘A’ ranking from CDP

GEA has gained top marks for its global climate and water stewardship from environmental non-profit organization CDP. The rankings place GEA well ahead of both Europe regional and sector averages.

News

GEA and its employees donate EUR 250,000 in aid to Ukraine

News

GEA signs on to UNEP Cool Coalition

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

* 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.

**Copyright ©2022 Sustainalytics. All rights reserved. This section contains information developed by Sustainalytics (www.sustainalytics.com). Such information and data are proprietary of Sustainalytics and/or its third party suppliers (Third Party Data) and are provided for informational purposes only. They do not constitute an endorsement of any product or project, nor an investment advice and are not warranted to be complete, timely, accurate or suitable for a particular purpose. Their use is subject to conditions available at https://www.sustainalytics.com/legal-disclaimers.

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