ENGIE recognized for its climate commitment
25/10/2016News
For the first time, ENGIE is included in the list of the best rated companies by the British rating agency CDP (formerly “Carbon Disclosure Project”). This rating rewards the Group’s strategy and its actions for climate.
Extra-financial ratings have become an issue of reputation and performance for companies. This recognition will facilitate dialogue about our major projects and bolsters the faith of our investors, and of our major customers.
The inclusion of ENGIE in the 2016 “A list” rewards the Group’s commitments in combatting climate change. The publication of the CDP annual report on climate change, as well as its list of companies recognized as leaders for their strategy and actions in fighting climate change, are carefully followed indicators. In 15 years, CDP has become the global standard in terms of communications and benchmark for major companies in relation to greenhouse gas emissions and performance about fighting climate change.
On this occasion, ENGIE CEO Isabelle Kocher declared: “CDP’s recognition rewards the actions of the Group for climate. Indeed, our investments are now focused on low-carbon solutions, whether in renewable energy sources, gas, networks or energy services. In 2015, we made the decision to no longer develop new coal projects. As proof of our transformation and our leadership in environmental and societal responsibility, we also set the objective to reduce1 the ratio of CO2 emissions of 20% by 2020 “.
As a reminder, ENGIE was also recognized in September 2016 by the rating agency RobecoSAM in the DJSI Index as one of the most successful companies in the world regarding sustainability.
EXTRA-FINANCIAL RATINGS AN ISSUE OF REPUTATION AND PERFORMANCE
Extra-financial ratings assess the social, environmental and governance policies of companies in order to establish a rating based on criteria adapted to each sector.
These ratings reflect the increasing preoccupation with the extra-financial engagement of corporations and their management of the associated risks. A sound extra-financial rating objectively expresses the company’s efforts in the realm of CSR, and reassures investors and customers and, more generally, all of the stakeholders in the company. It represents a recognised sign of confidence and, in recent years, has become a factor of competitive performance that must be continuously improved.
In our sector, the six leading rating agencies are: RobecoSAM (Switzerland), CDP (UK), Sustainalytics (Holland), Vigéo (France), Oekom (Germany) and MSCI-ISS (USA). These agencies were born in the world of environmental or societal NGOs and liaise with investors. Certain companies are also specialised in particular sectors, like Ecovadis (France), which concentrates on responsible purchasing and customer-supplier relations.
The three most important indices are Anglo-Saxon and ENGIE is positioned on the first two:
- the Dow Jones Sustainability Indices (DJSI), based on the ratings of RobecoSAM,
- the A-list, managed by CDP, which focuses on the climate issue,
- the FTSE4GOOD indices, managed by the London stock exchange’s FTSE.
1 Reduction in ratio of CO2 emissions to energy generation (electricity and heat) compared with 2012.