Following a thorough review of Pfleiderer’s comprehensive ESG frameworks, Sustainalytics derived a score of 13.1 for the unmanaged risk across all material ESG issues affecting the Company’s long-term performance. The score placed Pfleiderer solidly in the “low risk” category of the rating scale.
With this excellent score, Pfleiderer commands the no. 3 position among the 135 companies in the building products industry ranked by Sustainalytics. The Company is also placed in the top 6 percentile among more than 14,000 companies worldwide currently rated by Sustainalytics.
“We are proud of these very strong results for our debut ESG rating by Sustainalytics. The outcome is a clear recognition of our efforts to promote a circular wood ecosystem, which has been at the heart of our business for many decades, as well as to become net zero-carbon business”, said Dr. Mani Herold, CFO of Pfleiderer Group.
Sustainalytics’ ESG Risk Ratings are designed to help investors identify and understand financially material ESG risks in their portfolio companies and how those risks might affect performance. Sustainalytics’ ESG Risk Ratings measure how well companies proactively manage the environmental, social and governance issues that are the most material to their business. Based on a structured, objective and transparent methodology, the ESG Ratings provide an assessment on companies’ ability to mitigate risks and capitalize on opportunities.