dormakaba News, Sustainability
dormakaba improved its Sustainalytics ESG Risk Rating
Friday, 27 October 2023
Rümlang, October 2023 - The rating agency, Sustainalytics, has now classified dormakaba in the low-risk group in its ESG Risk Ratings. With an improvement of 1.2 points since 2022, dormakaba achieved 19.3 points, and is now among the top performers in the Building Products industry. This means that the company’s enterprise value is considered to have a low risk of material financial impacts driven by ESG factors.
This result is an outcome of dormakaba’s strong ESG governance and policy commitments, and the efficient sustainability-related initiatives. Learn more about these in the company’s most recent Sustainability Report 2022/2023.
The Sustainalytics ESG Risk Ratings measure a company’s exposure to industry-specific material ESG risks and how well a company is managing those risks. Company ratings are categorized across five risk levels: negligible (below 10 points), low (10-20 points), medium (20-30 points), high (30-40 points), and severe (above 40 points).
About Morningstar Sustainalytics
Morningstar Sustainalytics is a leading ESG data, research, and ratings firm that supports investors around the world with the development and implementation of responsible investment strategies. For more than 30 years, the firm has been at the forefront of developing high-quality, innovative solutions to meet the evolving needs of global investors. Today, Morningstar Sustainalytics works with hundreds of the world’s leading asset managers and pension funds who incorporate ESG information and assessments into their investment processes. The firm also works with hundreds of companies and their financial intermediaries to help them consider material sustainability factors in policies, practices, and capital projects. With 17 offices globally, Morningstar Sustainalytics has more than 1,800 staff members, including more than 850 analysts with varied multidisciplinary expertise across more than 40 industry groups. For more information, visit www.sustainalytics.com.
Morningstar Sustainalytics produces various metrics, ratings, and assessments, which include assumptions of future events, which may or may not occur or may differ significantly from what was assumed. These metrics, ratings, and assessments are statements of opinions, subject to change, are not to be considered as guarantees, and should not be used as the sole basis for investment decisions. Morningstar Sustainalytics does not provide investment advice or any other form of (financial) advice and nothing within this press release constitutes such advice.