SUSTAINALYTICS RANKS INNIO ESG RISK RATING AS NUMBER ONE

KUALA LUMPUR, April 27 (Bernama) -- INNIO announced that it has received an Environmental, Social and Governance (ESG) rating of 11.0 from Sustainalytics, assessing INNIO to be at ‘Low Risk’ of experiencing material financial impacts from ESG factors.

According to a statement, INNIO’s ESG Risk Rating places it number one of more than 500 companies in the Machinery industry assessed by Sustainalytics. The assessment identifies INNIO’s strong performance across a broad range of ESG metrics.

“INNIO is relentlessly committed to ensuring that we incorporate effective ESG practices across all our operations. We are proud to have achieved Sustainalytics’ rating as the lowest ESG risk ranking in our industry,” said president and CEO of INNIO, Dr Olaf Berlien.

“Securing a top rating in Sustainalytics’ extensive rating process marks a significant milestone and shows that our teams are committed, innovative and effective in building a sustainable future for our customers, employees, and the environment.”

The Sustainalytics rating is yet another accomplishment in advancing INNIO’s ambition to elevate and operationalise the company’s ESG commitment.

Additional recent achievements include establishing the INNIO Sustainability Review Board; defining INNIO’s Sustainability goals; conducting an ISO audit and renewal of certifications; and receiving a Gold Medal rating from EcoVadis.

Sustainalytics’ ESG Risk Ratings measure a company’s exposure to industry specific Material ESG risks and how well a company is managing those risks.

This multi-dimensional way of measuring ESG risk combines the concepts of management and exposure to arrive at an assessment of ESG risk, i.e., a total unmanaged ESG risk score or the ESG Risk Rating, that is comparable across all industries.

INNIO is a leading energy solution and service provider that empowers industries and communities to make sustainable energy work today.

More details at www.innio.com.

-- BERNAMA