Friday, March 15, 2024
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Dürr Group marks a milestone as it achieves the highest award in the EcoVadis sustainability rating. The company has for the first time received the highest award, a platinum medal, in the EcoVadis sustainability rating. On receiving this award, the mechanical and plant engineering firm has taken over a place in the top 1% of all companies rated by EcoVadis.
Compared to the last rating, the Group was able to improve its overall score from 72 to 80 points. This was primarily due to progress in the areas of sustainable procurement, environment, and labor & human rights.
Since 2007, the independent EcoVadis rating agency has been assessing the sustainability performance of over 100,000 companies using a scale of 1 to 100 points. A platinum medal is awarded for a score of 80 or higher. The EcoVadis rating is based on 21 criteria from the four areas of sustainable procurement, environment, labor & human rights and ethics.
Dr. Jochen Weyrauch, CEO of Dürr AG: “The EcoVadis award reflects the great progress we have made in the area of sustainability in recent years. We started with bronze status, improved from silver to gold last year, and have now achieved the platinum medal. This development encourages us to consistently continue on our chosen path and to further expand our sustainability activities. Our customers also rely on our sustainability competence: With our energy-efficient and low-emission technologies, we support them in making their production processes more environmentally compatible.”
The EcoVadis rating also has an impact on the Dürr Group’s financing costs. As such, the interest rates for outstanding Schuldschein loans with a total volume of €485 million are partly linked to the rating. This means that environmentally and socially responsible business practices also benefit the company financially, for example through lower interest rates.
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Tags: Dürr Group, Ecovadis, sustainability, wood and panel, woodworking and processing, woodworking industry, woodworking UK
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