Voith among the top 3 in sustainability according to ISS ESG
Voith was awarded a B- rating for the first time by the independent rating agency ISS ESG and, together with SKF Group and Johnson Controls, is one of the three best companies within the plant and mechanical engineering sector worldwide. This was the first time since 2016 that the rating was improved from C+ to B-.
The rating agency ISS ESG evaluates Voith’s sustainability performance in comparison with 167 other plant and mechanical engineering companies. “The rating result is a confirmation of our performance in the area of sustainability and the result of the excellent work of our employees worldwide. And it is evidence of Voith’s sustainability leadership in our industries,” says Markus Schönberger, Head of Corporate Sustainability at Voith Group.
It also has increasing significance for banks regarding the conditions for granting loans. “This result enables us to further reduce our financing costs, as sustainable companies are also increasingly sought after on the financial markets” explains Michael Hannig, Senior Vice President Corporate Finance and Group Treasurer of the Voith Group.
Voith improved on a total of 20 indicators compared to the previous year, including product design and development, diversity & inclusion, and greenhouse gas emission reduction targets and action plans. For 53 indicators, the rating remained unchanged compared to the previous year, and for five indicators Voith was rated not as good as in the previous year.
The external evaluation by ISS ESG is mainly based on the Voith Sustainability Report, which has been published annually since 2011 and makes the measurable added value for the company, society and the environment transparent. Furthermore, information from external sources such as non-governmental organizations (NGOs), media and scientific institutions is taken into account.
About Voith Group
The Voith Group is a global technology company. With its broad portfolio of systems, products, services and digital applications, Voith sets standards in the markets of energy, oil & gas, paper, raw materials and transport & automotive. Founded in 1867, the company today has more than 20,000 employees, sales of € 4.2 billion and locations in over 60 countries worldwide and is thus one of the larger family-owned companies in Europe.
The Group Division Voith Hydro is part of the Voith Group and a leading full-line supplier as well as trusted partner for equipping hydropower plants. Voith develops customized, long-term solutions and services for large and small hydro plants all over the world. Its portfolio of products and services covers the entire life cycle and all major components for large and small hydro plants, from generators, turbines, pumps and automation systems, right through to spare parts, maintenance and training services, and digital solutions for intelligent hydropower.
Mit freundlichen Grüßen / Best Regards
Head of Communications
Global Communications Voith Hydro
Group Division Hydro
Voith Hydro Holding GmbH & Co. KG
St. Pöltener Straße 43
89522 Heidenheim, Germany
Phone +49 7321 37 6866
Mobile +49 151 44137954
A Voith and Siemens Company