Applus+ sets new ESG Targets for 2021
February 26, 2021 - Applus+ is pleased to announce that it has for the first time set targets to be achieved by the end of 2021 on a range of Environmental, Social and Governance measures. The setting of targets is a further step forward in the Group´s responsibility to continuously improve its own ESG factors.
These targets, as detailed below, were approved by the Board of Directors in December 2020 using 2019 as a benchmark and following the recommendation of the Corporate Social Responsibility Committee of the Board, which has also been renamed Environmental, Social and Governance (ESG) Committee. Also shown in the table below is the 2020 performance outcome of the same indicators. The targets are being communicated to all 23,000 people within the Applus+ global workforce by the Chief Executive Officer to ensure everyone is aware and support them.
ESG fits within the overall corporate strategy that has made Applus+ a trusted partner of the industrial sector, motivated by a passion for progress towards a safer and more sustainable future. It reinforces the company’s focus on key values like integrity, transparency, impartiality, independence and responsibility, with a focus on managing people well under good governance and being mindful of its environmental impact. This paves the way to improved performance and has been an increasingly important objective in recent years, culminating in the Group´s adherence to several United Nations initiatives centred on the Sustainable Development Goals.
Applus+ is a multinational company characterised by a versatile portfolio that serves the quality and safety needs of a wide range of fields, including energy and civil infrastructure, transportation, building materials, industrial products, electrical and electronic and metrology services. An increasing proportion of revenue is generated from services which make a substantial contribution to one environmental objective and do not cause significant harm to other environmental objectives which in 2020 was measured at €200 million or 13% of the Group revenue.
Applus+ also recently announced that it had been recognised in its efforts on ESG with an above average score of “AA” from MSCI ESG Ratings and an above average “B” rating from the CDP. The Group is also included within the FTSE4Good Index Series of Ibex, a market-leading tool for those seeking to invest in companies with leading environmental, social and governance practices.
Fernando Basabe, Chief Executive Officer of the Applus+ Group, said: “We are pleased to show our progress in our collective responsibility to contribute to a more sustainable, diverse and inclusive world. Corporate governance, people development, climate change and the other factors encompassed within ESG present an increasingly important consideration for our management and stakeholders, and we welcome the increased scrutiny that this entails, as we have many positive attributes to talk about. We expect to be able to periodically update the market as we further develop this area.”
About the Applus+ Group
Applus+ is one of the world’s leading and most innovative companies in the Testing, Inspection and Certification sector. It provides solutions for customers in all types of industries to ensure that their assets and products meet quality, health & safety and environmental standards and regulations.
Headquartered in Spain, Applus+ operates in more than 70 countries and employs over 23,000 people. Applus+ operates through four global divisions, all of which operate under the Applus+ brand name. For the full year of 2020, Applus+ recorded revenue of €1,558 million and adjusted operating profit of €118 million.
Applus+ is listed on the Spanish stock exchanges (Mercado Continuo). The total number of shares is 143,018,430.
ISIN: ES0105022000 Symbol: APPS-MC
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