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GEA Group AG
Environmental & Social Information • Mar 31, 2021
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Environmental & Social Information
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Corporate | 31 March 2021 12:15
GEA Group Aktiengesellschaft: GEA achieves Gold Standard in EcoVadis sustainability ranking
DGAP-News: GEA Group Aktiengesellschaft / Key word(s): Sustainability
31.03.2021 / 12:15
The issuer is solely responsible for the content of this announcement.
GEA achieves Gold Standard in EcoVadis sustainability ranking
Düsseldorf (Germany), March 31, 2021 – GEA has for the first time achieved the ranking of “Gold Standard” in the EcoVadis sustainability assessment. This achievement puts the company among the top two percent of all companies in the mechanical engineering sector ranked by EcoVadis worldwide. Since 2016, GEA has had its sustainability management examined annually in ever greater detail by the independent rating agency EcoVadis and has thus succeeded in continually improving its score ever since. In the last assessment, the Group scored 60 points, putting it at “Silver” level. The 68 points scored overall by the company in the 2021 rating have now raised GEA onto Gold level.
Stefan Klebert, CEO of GEA Group AG, commented on the success: “GEA is one of the world’s major suppliers of machinery and plants to multiple critical industries, notably food and beverage and pharmaceuticals. This makes it all the more important that we manage our supply chain in a responsible manner. Winning Gold in this ranking strengthens our commitment to further expanding our sustainability strategy and activities with all our energy.”
“We will continue to set a leading example in our industry as we move forward,” says Dr. Nadine Sterley, Chief Sustainability Officer at GEA. “Being environmentally conscious, ethical and acting with integrity underpins our approach to sustainability.”
EcoVadis analyzes the sustainability performance of companies in terms of the environment, labor and human rights, ethics and sustainable procurement. GEA’s achievement in the current ranking puts the company among the top two percent of all companies in the mechanical engineering sector ranked by EcoVadis. In an industry comparison, GEA performed particularly well in the area of sustainable procurement as well as in its resource-saving production efforts. This accolade will enable the company to tap additional customer groups that source process technology solely from companies able to document their gold-level sustainability performance.
EcoVadis analyzes the sustainability performance of companies in terms of environment, labor and human rights, ethics and sustainable procurement. This makes the rating particularly important in the assessment of supply chains. To date, the EcoVadis database counts over 75,000 rated companies in more than 160 countries and 200 industries.
GEA provides further details of its sustainability goals and activities in its recently published sustainability report for fiscal year 2020.
Media Relations:
Marc Pönitz
Peter-Müller-Strasse 12, 40468 Düsseldorf, Germany
Phone +49 (0)211 9136-1500
About GEA
GEA is one of the world’s largest systems suppliers for the food, beverage and pharmaceutical sectors. The international industrial technology group specializes in machinery and plants as well as advanced process technology, components and comprehensive services. With more than 18,000 employees, the group generated revenue of more than EUR 4.6 billion in fiscal year 2020. A major focus is on continuously enhancing the sustainability and efficiency of customers’ production processes. GEA plants, processes and components help achieve significant reductions in carbon emissions, plastic use and food waste in production worldwide. In this way, GEA makes a decisive contribution toward a sustainable future, fully in line with its corporate philosophy of “engineering for a better world.”
GEA is listed in the German MDAX and the STOXX (R) Europe 600 Index, and is also among the companies comprising the DAX 50 ESG and MSCI Global Sustainability Indices.
More information can be found online at gea.com .
Contact:
GEA Group Aktiengesellschaft
Phone +49 (0)211 9136 1081
Fax +49 (0)211 9136 31087
gea.com
31.03.2021 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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| Language: | English |
| Company: | GEA Group Aktiengesellschaft |
| Peter-Müller-Straße 12 | |
| 40468 Düsseldorf | |
| Germany | |
| Phone: | +49 (0)211 9136-0 |
| Fax: | +49 (0)211 9136-31087 |
| E-mail: | [email protected] |
| Internet: | www.gea.com |
| ISIN: | DE0006602006 |
| WKN: | 660200 |
| Indices: | MDAX |
| Listed: | Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Munich; Regulated Unofficial Market in Hanover, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1180084 |
| End of News | DGAP News Service |