Wednesday, 27 July 2022 11:14

Voith again achieves top ISS ESG rating for sustainability

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After 2021, the international rating agency ISS ESG has again awarded the Voith Group’s sustainability performance a B- rating this year. According to the current rating, Voith is among the three best companies worldwide in terms of sustainability, compared with 176 other plant and mechanical engineering companies. With the current rating, Voith achieves prime status for the 5th time.

“I’m pleased that we were able to maintain our top position as a leading company in our sector in terms of sustainability. Being awarded B- again confirms our sustainability strategy to date and is also an incentive to rigorously continue our commitment,” says Dr. Toralf Haag, CEO of the Voith Group.

The independent rating agency ISS ESG (Institutional Shareholder Services – Ecological Social Governance) evaluates the sustainability performance of companies around the world. The agency currently lists about 5,000 companies and analyzes their performance in the areas of environment, social issues and corporate management. The ESG company rating uses a twelve-point grading system, ranging from A+ (excellent performance) to D- (poor performance or lack of transparency for a performance assessment). The rating is not only an important indicator of the effectiveness of sustainability measures, by now banks also increasingly use it as a criterion for granting credit.

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The external evaluation by ISS ESG is mainly based on the current Voith Sustainability Report, which has been published annually since 2011. Additional measures in the areas of energy management, supply chain and diversity & inclusion played an important role in stabilizing Voith’s rating.

Sustainability program “Papermaking for Life”
The sustainability of Voith's own activities is a focus topic of the recently launched sustainability campaign Papermaking for Life. As part of the innovation and development offensive, Voith Paper is also presenting versatile technologies and initiatives that lead to more efficient and sustainable processes in paper production. The focus is on water, energy and fiber savings as well as digitalization, innovations and partnerships as levers for more sustainable production. Find more information here: https://voith.com/Papermaking-for-Life/Own-Activities.

About the 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, paper, raw materials and transport & automotive. Founded in 1867, the company today has around 20,000 employees, sales of € 4.3 billion and locations in over 60 countries worldwide and is thus one of the larger family-owned companies in Europe.

The Group Division Voith Paper is part of the Voith Group. As the full-line supplier to the paper industry, it provides the largest range of technologies, services and products on the market and offers paper manufacturers holistic solutions from a single source. The company’s continuous stream of innovations facilitates resource-conserving production and helps customers minimize their carbon footprint. With its leading automation products and digitalization solutions from the Papermaking 4.0 portfolio, Voith offers its customers state-of-the-art digital technologies to improve plant availability and efficiency for all sections of the production process.

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