Applus+, a global leader in testing, inspection and certification (TIC), is pleased to announce it has achieved high recognition from Sustainalytics. This reinforces the Group’s position at the forefront of managing risk for environmental, social and governance (ESG) impacts.
Sustainalytics has rated at 15.6 Applus+’ ESG risk level, which places the company in the "Low Risk" group of companies. The Group has been ranked worldwide among the top 11% of all the companies analysed. Sustainalytics highlights the company's "robust" management of these risks, which is above average in its sector.
During the evaluation process, the company's performance in five key ESG areas is analysed: human capital, data security and privacy, corporate governance, business ethics, and product governance. The Group achieved an “above-average” product governance evaluation.
Applus+ is proud of this latest ESG recognition, which joins those previously achieved from MSCI ESG Ratings (AA), CDP (B), Gaïa (72/100) and the inclusion within the FTSE4Good Index Series of Ibex. Having best practices in ESG supports the Group’s strategy to contribute to a more sustainable future for all and ensure that the company remains efficient and competitive.
Fernando Basabe, Chief Executive Officer of the Applus+ Group, said: "We owe this recognition to the increasing focus on ESG matters from top down, as progress can only be achieved by all of us working together and instigating concrete changes. ESG is of great importance, affecting the world we live in, and this rating supports our standing in the industry as a trusted partner working toward a better future. Our stakeholders can appreciate the advances we are making.”
Read the full announcement here.