Siemens Gamesa Ranks High in S&P’s ESG Evaluation

  • Siemens Gamesa has achieved a score of 83 out of 100 in the S&P ESG Evaluation, placing it #2 in Spain and #12 in the world among public ESG evaluations.
  • Siemens Gamesa is the only wind turbine manufacturer to receive this evaluation.

Siemens Gamesa as a key player is supporting the systematic decarbonization of the energy system and providing products to industry-wide challenges such as the recycling of blades, which it was the first to achieve through the manufacture of the world’s first recyclable rotor blade for commercial use offshore,” said S&P

S&P also indicates in its ESG evaluation that “Siemens Gamesa is well prepared to benefit from growing demand in the renewable energies sector” and that it “benefits from its unique position that enables the company’s robust research and development capacity, which will support its investment in cutting-edge technological solutions.” The evaluation refers to the launch of the Mistral program that “we expect it will allow the company to remain in its leadership position and deliver sustainable and profitable growth through innovation, productivity and quality standards.”

S&P’s ESG evaluation analyzes a company’s performance in terms of environmental, social and governance risks and opportunities. These three areas are analyzed in S&P’s report about Siemens Gamesa and the company scores high in all three.

“We are very happy to be evaluated for the second time by S&P Global´s ESG Evaluation and again receive a high score, of 83/100, positioning the company as #2 in Spain and #12 in the world, which shows our strong and continuous commitment to environmental, social and governance topics. Corporate ESG evaluations are contributing to a greater sustainable finance product offering and allowing companies with good ESG performance to obtain lower financing costs and also access ESG-focused investors,” said Beatriz Puente, CFO at Siemens Gamesa.

Author: Bryan Groenendaal

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