Why Encavis Obtains ESG Rating Upgrade to AA

Wind and solar park operator Encavis improves its MSCI ESG rating to AA and is now one of the leading companies in the energy industry.

The improvement is largely due to the optimization of talent management and the consistent implementation of measures to reduce CO2 emissions.

MSCI, one of the leading international ESG rating companies, particularly praised the significant progress in the “social” area and particularly emphasized Encavis’s pioneering role in the further professionalization of its human resources management. For example, Encavis conducts several “pulse checks” every year to measure employee satisfaction and ensure that the numerous employee retention measures are effective. The result is extremely pleasing, as employee fluctuation in the 2022 financial year shows a remarkable decline from 9% in the previous year to just 5.3%.

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MSCI also highlights the successful implementation of Encavis in further reducing CO2 emissions

The Encavis Transition Plan shows, with concrete goals and strategic measures, how the company can succeed in achieving the net zero target for CO2 emissions by 2040.

Encavis photovoltaics“This upgrade by MSCI is particularly pleasing for Encavis because it recognizes and honors our continuous efforts and outstanding achievements not only in the area of ​​economics, but also in the equally relevant dimensions of ecology and social issues. We will continue to set standards in our industry and meet the expectations of our stakeholders,” emphasizes Dr. Christoph Husmann, spokesman for the board and CFO of Encavis AG, emphasized the group’s ongoing commitment to sustainability.

MSCI ESG Ratings aim to measure a company’s resilience to long-term ESG risks

For this purpose, companies are rated on an industry-specific scale from AAA (leaders) to CCC (laggards). This assessment is based on all relevant key topics that arise from a company’s business model.

MSCI ESG Research has once again awarded Implenia AG an ESG rating of AAA . The Swiss construction and real estate service provider thus confirms its position as an industry leader in the areas of environmental, social and governance.

In 2021, Implenia was the first company to receive the highest possible rating in the MSCI Construction & Engineering index . MSCI ESG Research provides in-depth research, assessments and analysis of the ESG -related corporate activities of thousands of companies worldwide.

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(Featured image by Andreas Gücklhorn via Unsplash)

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First published in BOND GUIDE. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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