Bietigheim-Bissingen, March 14, 2022 – The Dürr Group has made further progress in the EcoVadis sustainability rating. Compared to the previous year, the company significantly improved its score by 8 points. By achieving a total score of 66 points, the mechanical engineering and facilities firm has once again achieved Silver status. The Dürr Group is thus one of the top 25% of all companies rated by EcoVadis. In the industrial category “Manufacture of general-purpose machinery”, the company is even among the top 10%. Thanks to the improvement in the rating, the Group’s financing costs will be reduced.
Since 2007, the EcoVadis rating agency has evaluated the sustainability performance of more than 90,000 companies on a scale of 1 to 100. Gold status is awarded from 67 points and Platinum status from 75 points. . The EcoVadis rating takes into account 21 criteria in the areas of the environment, labor and human rights, ethics and sustainable purchasing.
The increase in the sustainability rating of the Dürr Group is the result of various improvement measures. These include the introduction of a new supplier sustainability risk categorization system. The establishment of the Dürr Group Integrity Line, an anonymous whistleblower system, was also considered. Additionally, in November 2021, the Dürr Group published a comprehensive climate strategy with scientifically validated targets for reducing greenhouse gas emissions. This demonstrates the company’s commitment to meeting the 1.5 degree target set in the Paris Climate Agreement. In addition, the 2020 sustainability report, which was prepared for the first time in accordance with the standards of the Global Reporting Initiative (GRI), provided more in-depth information on the topic of sustainability.
“The further improvement in our rating by EcoVadis rewards our efforts made so far in the field of sustainability”, explains Dr. Jochen Weyrauch, CEO of Dürr AG. “The rating not only shows our strengths, but also the potential for improvement. In this way, we can identify benchmarks for future sustainability measures and further improve our ESG performance. Our goal is to achieve status Gold at the next review.”
Thanks to the improved rating, the Dürr Group can reduce its financing costs in 2022 and 2023 by a total of €270,000. Indeed, the interest rates of several financing instruments are linked to the EcoVadis rating. This means that conducting business in an environmentally and socially responsible way also benefits the company financially, for example by reducing interest rates or avoiding compensation payments.
The Dürr Group is one of the world’s leading mechanical and plant engineering companies with extensive expertise in automation and digitalization/Industry 4.0. Its products, systems and services enable highly efficient and resource-saving manufacturing processes in different industries. The Dürr Group supplies sectors such as the automotive industry, mechanical engineering, chemicals, pharmaceuticals, medical technology and the wood industry. It generated a turnover of 3.54 billion euros in 2021. The company has approximately 17,800 employees and 120 commercial sites in 33 countries. The Dürr Group operates on the market with the brands Dürr, Schenck and HOMAG and with five divisions:
- Painting and final assembly systems: paint shops as well as final assembly, testing and filling technology for the automotive industry, assembly and testing systems for medical devices
- Application technology: robotic technologies for the automated application of paints, sealants and adhesives
- Clean technology systems: air pollution control, noise suppression systems and battery electrode coating systems
- Measurement and process systems: balancing equipment and diagnostic technology
- Woodworking machines and systems: machinery and equipment for the wood industry
This publication has been prepared independently by Dürr AG/Dürr group. It may contain statements that address key matters such as strategy, future financial results, events, competitive positions and product developments. These forward-looking statements are subject to a number of risks, uncertainties and other factors, including, but not limited to, those described in Dürr AG’s statements, in particular in the “Risks” section of the report. Annual Report of Dürr AG. Should one or more of these risks, uncertainties and other factors materialize, or should underlying expectations fail to materialize or assumptions prove incorrect, the actual results, performance or achievements of the Dürr Group could differ materially from those described in the relevant forward-looking statements. These statements can be identified by words such as “expect”, “will”, “anticipate”, “intend”, “plan”, “believe”, “seek”, “estimate”, ” want”, “plan” or words of similar meaning. Dürr AG does not intend, nor undertake any obligation, to regularly update or revise its forward-looking statements in light of developments that differ from those anticipated. The declared competitive positions are based on management estimates supported by information provided by specialized external agencies.
Our financial reports, presentations, press releases and ad hoc releases may include alternative financial measures. These indicators are not defined in the IFRS (International Financial Reporting Standards). The net assets, financial position and operating results of the Dürr Group should not be assessed solely on the basis of these alternative financial parameters. They in no way replace the performance indicators presented in the consolidated financial statements and calculated in accordance with IFRS standards. The calculation of alternative financial metrics may vary from company to company despite using the same terminology. Further information on the alternative financial measures used by Dürr AG can be found in our → financial glossary on the webpage.
Durr AG published this content on March 14, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on March 14, 2022 09:53:09 UTC.
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