Jenbach, Austria March 17, 2023: INNIO today announced that Sustainalytics has upgraded INNIO Group’sESG risk score to 9.8, an improvement of 1.2 points year-over-year, and has upgraded the company’s risk rating from low to negligible. The rating from Sustainalytics, a global leader in ESG research, ratings, and data, reinforces INNIO’s number 1 position compared to peers across both Machinery and Industrial Machinery worldwide.
“Improving our Sustainalytics rating is not only a reflection of our dedication to environmental, social, and governance responsibility, it is also a testament to the hard work and collaboration of our talented team,” said Dr. Olaf Berlien, president and CEO of INNIO. “We will continue to prioritize sustainable practices and innovation for the benefit of our business, our stakeholders, and our planet.”
The Sustainalytics risk rating improvement is a vital recognition for INNIO and an indicator of the company’s commitment to sustainable policies and programs. The risk rating focus includes health and safety, environment and carbon management, human capital, procurement practices, and circularity. The rating upgrade signals that INNIO’s initiatives and actions to reduce its environmental impact, promote social equity, and ensure good governance are demonstrating positive results. It also underlines INNIO’s commitment to transparency and accountability, which are important factors in building trust and credibility with stakeholders, including customers, suppliers, investors, and employees
Learn more about the ESG Risk Ratings.