Voith Among the Top 3 in Sustainability According to ISS ESG

13.09.2021
Voith was awarded a B- rating for the first time by the independent rating agency ISS ESG and, together with SKF Group and Johnson Controls, is one of the three best companies within the plant and mechanical engineering sector worldwide. This was the first time since 2016 that the rating was improved from C+ to B-.

The rating agency ISS ESG evaluates Voith's sustainability performance in comparison with 167 other plant and mechanical engineering companies. "The rating result is a confirmation of our performance in the area of sustainability and the result of the excellent work of our employees worldwide. And it is evidence of Voith's sustainability leadership in our industries," says Markus Schönberger, Head of Corporate Sustainability at Voith Group.

It also has increasing significance for banks regarding the conditions for granting loans. "This result enables us to further reduce our financing costs, as sustainable companies are also increasingly sought after on the financial markets" explains Michael Hannig, Senior Vice President Corporate Finance and Group Treasurer of the Voith Group.

Voith improved on a total of 20 indicators compared to the previous year, including product design and development, diversity & inclusion, and greenhouse gas emission reduction targets and action plans. For 53 indicators, the rating remained unchanged compared to the previous year, and for five indicators Voith was rated not as good as in the previous year.

The external evaluation by ISS ESG is mainly based on the Voith Sustainability Report, which has been published annually since 2011 and makes the measurable added value for the company, society and the environment transparent. Furthermore, information from external sources such as non-governmental organizations (NGOs), media and scientific institutions is taken into account.

More articles on this topic

GEA Achieves Mid-Term Financial Targets Ahead of Schedule and Announces Ambitious Plans for 2030

07.10.2024 -

GEA recently unveiled its Mission 30 Group strategy at a Capital Markets Day. The comprehensive plan details how GEA will continue to drive profitable growth and significantly expand the company’s share of sustainable solutions until 2030. AI-supported processes and new business models will play an increasingly important role in achieving this.

Read more

Dirk Hoke Appointed as New CEO of the Voith Group

17.09.2024 -

he Shareholders’ Committee of Voith Management GmbH has appointed Dirk Hoke as President and Chief Executive Officer (CEO) of Voith GmbH & Co. KGaA, effective April 1, 2025, at the latest. He succeeds the long-standing President and Chief Executive Officer, Dr. Toralf Haag, who left the company on Aug. 31, 2024. Until the start of Dirk Hoke, Andreas Endters serves as interim CEO of the Voith Group, in addition to his duties as CEO of Voith Paper.

Read more