Siemens Gamesa recognised with top S&P Global Ratings ESG evaluation

Source: press release, 1 June 2021

photo: SGRE
photo: SGRE

Siemens Gamesa Renewable Energy’s contribution of providing clean energy solutions to decarbonise the economy has been recognised through S&P’s ESG evaluation, which analyses its performance in terms of environmental, social and governance risks and opportunities.

Siemens Gamesa achieved a score of 84 out of 100, placing it #5 in the worldwide league table and #1 in Spain among public ESG evaluations. Siemens Gamesa is the first wind turbine manufacturer to receive this evaluation from S&P.

This ESG analysis reflects that Siemens Gamesa is well prepared to face future challenges in the industry. Its cutting-edge technological solutions bring significant environmental benefits to its customers in the global transition toward a more sustainable and low-carbon economy.

“Our work is making a difference in the world. We are proud to be recognised as a best-in-class company in terms of ESG performance. This type of evaluation will be a reference for future green and sustainable financing, promoting transparent reporting and inspiring us to continue collaborating with our stakeholders in creating shared and sustained value,” says Beatriz Puente, CFO of Siemens Gamesa.

“Globally, Siemens Gamesa holds the top 1 and 2 positions, respectively, per cumulative installations in offshore and onshore wind. These leading market positions provide the company with the scale and resources required for constant research and development investments to help meet its customers’ evolving needs to reduce their environmental impact and maximise turbine efficiency,” says S&P analysts Luisina Berberian and Maria Vinokur speaking on the evaluation. “Finally, we view Siemens Gamesa’s governance practices as in line with the relatively high governance standards of the countries in which it operates.”

Siemens Gamesa is evaluated by renowned ESG rating agencies, achieving a top-ranking and percentile in most of them, including VigeoEiris, ISS ESG, FTSE Russell, Sustainalytics and MSCI ESG, in addition to S&P Global. SGRE is recognised for its excellent ESG performance as it is a member of such indexes as Dow Jones Sustainability Index® (World & Europe), FTSE4Good®, Bloomberg Gender-Equality Index®, Euronext® Vigeo and the Ethibel Sustainability Index® families.