30 September 2019
For 2018, Vattenfall received a gold rating from EcoVadis. The gold rating means that Vattenfall is in the top 1% of 40,000 suppliers assessed by EcoVadis in all categories and in the top 5% in the Electricity, gas, steam and air conditioning category.
For Vattenfall, sustainability means taking responsibility for future generations. Vattenfall uses GRI Reporting Guidelines as guiding principles for our sustainability reporting. In addition, as a signatory of the UN Global Compact, we report the company's sustainability performance every year according to the Global Reporting Initiative's guidelines.
Sustainalytics, is a global provider of environmental, social and governance (ESG) research and ratings.
Vattenfall is rated as a leader for 2018. This is an improvement from last year's ranking (ranked as outperformer) and the highest rank possible. The high score is an acknowledgement of Vattenfall's generally strong policies and programs to manage our key ESG issues.
Vattenfall was assessed against 192 other companies in the oil, gas and energy industries. The rating is very important, as many investors incorporate Sustainalytics' analysis into their investment decision-making process.
Sustainability ratings are becoming an increasingly important consideration for investors as well as for business customers choosing energy suppliers. Vattenfall is proud to be highly ranked for its sustainability performance by a number of ESG (Environment, Social, Governance) rating agencies.
EcoVadis operates the first online platform providing Supplier Sustainability Ratings for global supply chains that enables companies to monitor the CSR performance of their suppliers worldwide. EcoVadis analyses CSR policy, implementation and performance with respect to environmental and social aspects, in the area of ethics and supply chain responsibility.
The gold rating means that Vattenfall is in the top 1% of suppliers assessed by EcoVadis in all categories (40,000 suppliers) and in the top 5% in the Electricity, gas, steam and air conditioning category.
The Carbon Disclosure Project – CDP, is the world's leading disclosure system for environmental data. It enables companies, cities and organisations to voluntarily disclose their climate-related strategies, performance and risks and opportunities. Investors and customers commonly use the information reported to the CDP as a basis for decision-making.
Based on companies' performance and disclosure CDP provides a score ranging from A to F, based on set criteria. In 2017 Vattenfall achieved an A- (leadership level) and was rated above industry average in all rated categories. Vattenfall's high score shows that we have a thorough understanding of our risks and opportunities related to climate change, strategies to mitigate or capitalise on these risks and opportunities, and that we have a transparent disclosure of emissions throughout the value chain.