Siemens Gamesa Renewable Energy recently received a rating of A (on a scale of AAA-CCC) in the MSCI ESG ratings assessment, enabling the company’s inclusion in the MSCI indices and with an investment grade rating.
The MSCI ESG ratings measure companies, according to exposure to industry-specific environmental, social and government (ESG) risks and the ability to manage those risks.
Siemens Gamesa's upgrade from ‘BB’ was driven by an improvement in its environmental, social and governance practices and policies.
Over the past 18 months the company has achieved milestones in its funding strategy having signed deals totalling a notional €7.2 billion with a sustainable component.
Siemens Gamesa has installed over 100 GW of wind capacity worldwide, which helps Siemens Gamesa to cut CO2 emissions by 253 million tpy.
Siemens Gamesa is a member of prestigious international sustainability indexes, such as Dow Jones Sustainability Indices®, FTSE4Good®, Ethibel Sustainability Index® and Bloomberg Gender Equality Index®.
Read the article online at: https://www.energyglobal.com/special-reports/09032020/siemens-gamesa-receives-a-rating-msci-esg/