Since 2007, the EcoVadis rating agency has been assessing the sustainability performance of over 100,000 companies using a scale from 1 to 100 points. Gold status is awarded from 67 points, Platinum status from 75 points. The EcoVadis rating takes into account 21 criteria from the four areas of environ-ment, labor and human rights, ethics, and sustainable procurement.
Dr. Jochen Weyrauch, CEO of Dürr AG: “Sustainability is a key component of our corporate strategy. With low-consumption and low-emission technologies, we help our customers reduce their environmental footprint. The Gold status in the EcoVadis rating is a great confirmation of our work in the sustainability area and an important signal towards the capital market, where the sustainability performance of companies has an increasing influence on investment decisions. At the same time, we also see the good rating result as a motivation for further improvements in the coming year, particularly in the area of environment.”
The EcoVadis rating has an impact on the Dürr Group’s financing costs, as the interest rates of several financing instruments with a total volume of €1.4 billion are linked to the rating. As a result, conducting business in an ecologically and socially responsible way also benefits the mechanical and plant engineering firm financially, for example through lower interest rates. With a Sustainable Finance Framework published in November, the Dürr Group has underlined its pioneering role in the field of sustainable financing. It provides the framework for future corporate financing guided by sustainability principles and specifies how sustainable financing instruments are to be used.