The international non-profit organization Carbon Disclosure Project (CDP) has awarded BayWa AG (Germany: BYW6) a climate rating of B for 2021 for its coordinated measures in response to environmental and climate action issues.
The company, therefore, maintained its good score from the previous year and improved its performance in certain areas. This means that BayWa’s commitment to environmental sustainability remains above the average for Europe and the industry.
BayWa scored better in the “direct greenhouse gas (GHG) emissions” and “energy consumption” categories, for example. The main reason for this was that the company achieved its first climate target at the end of 2020 – using renewable energy sources to cover all electricity needs across the Group.
The gold standard of environmental
CDP is regarded as one of the world’s leading environmental organizations, and the CDP ranking is considered the gold standard of environmental and climate transparency. The organization represents almost 600 investors with assets totaling USD110 trillion. Each year, CDP collects information and data from companies, countries, cities, and municipalities on how they are tackling climate change, which it assesses based on an extensive and independent list of criteria, including transparency, environmental risk management in business models, and measures to ensure responsible environmental management. Ratings range from A to D-; companies that provide insufficient or no information receive the rating “F.” Some 14,000 organizations worldwide participated in the CDP rating for 2021, including 13,000 companies.