Sustainalytics upgrades INNIO Group's ESG risk rating, ranking it No. 1 among industry peers
With a 9.8 environmental, social, and corporate governance (ESG) risk score, INNIO ranks Number 1 worldwide among its industry peers across both Machinery and Industrial Machinery. Sustainalytics puts INNIO at the top 1 percentile of all industry peers and in the top 2 percentile of companies it rated on a global level. INNIO also has received Sustainalytics' 2023 "ESG Industry Top Rated" and "ESG Regional Top Rated" badges.
While INNIO's 2022 risk score ranked it as "low" - an excellent score - the company was able to improve by 11% this year, earning a "negligible" rating. That improvement is a vital recognition for INNIO and an indicator of its commitment to sustainable policies and programs. INNIO's focus continues to include health and safety, environment and carbon management, human capital, procurement practices, and circularity.
Improving our Sustainalytics rating is not only a reflection of our dedication to environmental, social, and governance responsibility, it is also a testament to the hard work and collaboration of our talented team. We will continue to prioritize sustainable practices and innovation for the benefit of our business, our stakeholders, and our planet.
The rating signals that the company's initiatives and actions to reduce its environmental impact, promote social equity, and ensure good governance are demonstrating positive results. It also underlines INNIO's commitment to transparency and accountability, which are important factors in building trust and credibility with stakeholders, including customers, suppliers, investors, and employees.
Sustainalytics is a global leader in ESG research, ratings, and data, serving the world's leading institutional investors and corporations. Learn more about the ESG Risk Ratings.