Morningstar Sustainalytics’ ESG Risk Rating confirms EEW’s sustainability approach

EEW Energy from Waste (EEW) has received its first ESG Risk Rating from the ESG rating agency Morningstar Sustainalytics.
ESG stands for Environment, Social and Governance.

On a scale of 0 to 100 points (0 = low risk, 100 = high risk), the rating evaluates the risks companies are exposed to and how well they are managing them. With a rating score of 23.4 points (medium risk), Morningstar Sustainalytics have confirmed that EEW deals transparently and responsibly with the risks identified as material.

Sustainability and economic success are closely linked. When assessing companies, it is becoming ever more important to view their contribution towards climate and resource protection on a par with their economic and social goals. The ESG rating is thus acquiring an increasingly high status as a source of information. An ESG rating can help with third-party categorisation and can have a positive effect on a company’s standing. This edge in reputation on the market enables companies to access a broader base of investors for capital market finance such as bonds and borrower’s note loans. “The Morningstar Sustainalytics ESG Risk Rating is therefore a logical step that follows the publication of audited sustainability reports and the placement of a Green Bond on the capital market”, says Markus Hauck, CFO and Member of the EEW Management Board.

Bernard M. Kemper, CEO and Chairman of the Management Board, expressed his satisfaction with the result of this first ESG Risk Rating: “The rating shows that our sustainability activities are transparent and that we are actively managing them.” Building on these results, EEW wants to steadily refine its strategy and use the feedback from the rating process, the CEO explained. Management in the “Health and Safety at Work” sphere, in particular, was rated as very low risk.

This assessment is based on the fact that every facility is ISO 45001 certified and has an excellent health and safety management system with operating guidelines and special training. “The good rating results will spur us on to make further progress in our sustainability activities” confirms Dr. Joachim Manns, COO and Member of the Management Board. “We are optimistic and highly motivated to improve on this rating still further.”
To the detailed rating results: www.sustainalytics.com.

EEW Energy from Waste GmbH (EEW) is one of the leading companies in Europe in the field of thermal recovery of household and commercial waste as well as sewage sludge. EEW Energy from Waste is already making an important contribution towards protecting the climate and resources and is a key player in the circular economy. Our corporate group has 1,250 employees and currently operates 17 state-of-the-art sites in Germany and neighbouring countries that can process around 5 million tonnes of waste per year. Our plants thermally treat, sanitise and significantly reduce the volume of the waste, while residues such as scrap metals and bottom ash are recycled. Moreover, we efficiently utilise the energy contained in the waste to generate process steam for industrial plants, district heating for residential areas and environmentally sustainable electricity.

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