Voith among the top 3 in sustainability according to ISS ESG
It also has increasing significance for banks regarding the conditions for granting loans. "This result enables us to further reduce our financing costs, as sustainable companies are also increasingly sought after on the financial markets" explains Michael Hannig, Senior Vice President Corporate Finance and Group Treasurer of the Voith Group.
Voith improved on a total of 20 indicators compared to the previous year, including product design and development, diversity & inclusion, and greenhouse gas emission reduction targets and action plans. For 53 indicators, the rating remained unchanged compared to the previous year, and for five indicators Voith was rated not as good as in the previous year.
The external evaluation by ISS ESG is mainly based on the Voith Sustainability Report, which has been published annually since 2011 and makes the measurable added value for the company, society and the environment transparent. Furthermore, information from external sources such as non-governmental organizations (NGOs), media and scientific institutions is taken into account.
About the company
The Voith Group is a global technology company. With its wide range of plants, products, services and digital applications, Voith sets standards in the markets for energy, paper, raw materials and transport & automotive. Founded in 1867, Voith today has more than 20,000 employees and earns 4.2 billion euros in sales. It has locations in over 60 countries and is one of Europe’s larger family-owned companies.read more