Morningstar Sustainalytics is a globally recognized provider of ESG research and ratings and their ESG Risk Score reports on a company’s sensitivity or vulnerability to ESG risks
Azelis, a leading innovation service provider in the specialty chemicals and food ingredients industry, is proud to announce that as of June 2023 it has further improved its Sustainalytics score and has been assessed as having low exposure to ESG (Environmental, Social and Governance) risk.
Morningstar Sustainalytics is a globally recognized provider of ESG research and ratings and their ESG Risk Score reports on a company’s sensitivity or vulnerability to ESG risks. Azelis has received a score of 11.9 which puts Azelis in the category of ‘Low risk’ and places the company in the 5th percentile of over 15.600 companies assessed by Sustainalytics.
With the new ESG Risk Score of 11.9, Azelis has managed to bring its ESG Risk Score down by 0.5 points compared to its latest assessment in 2022. This score puts Azelis in the first place in its industry ranking at the time of assessment (end of June 2023), confirming its strong performance across a broad range of ESG metrics.
Morningstar Sustainalytics’ ESG Risk Ratings measure a company’s exposure to industry-specific material ESG risks and how well a company is managing those risks. This multi-dimensional way of measuring ESG risk combines the concepts of management and exposure to arrive at an assessment of ESG risk, i.e., a total unmanaged ESG risk score or the ESG Risk Rating, that is comparable across all industries. Sustainalytics’ ESG Risk Ratings provide a quantitative measure of unmanaged ESG risk and distinguish between five levels of risk: negligible, low, medium, high and severe.
Dr. Hans Joachim Müller, Azelis group Chief Executive Officer, comments: “Our new Sustainalytics rating underscores our dedication to drive positive change in the chemicals distribution sector and beyond. It solidifies our position as a responsible corporate citizen, dedicated to meeting the evolving expectations of our principals and customers, and addressing the global sustainability challenges we face. Our commitment to environmental stewardship, social responsibility, and sound governance practices has positioned us as a sustainability leader in our industry.”
Maria Almenar, Group Sustainability and Safety, Health, Environment and Quality (SHEQ) Director, adds: “At Azelis, all of us are working hard to integrate sustainability into our daily operations, implementing initiatives to reduce our environmental footprint, fostering a diverse and inclusive workplace, and upholding strong governance principles. Moving forward, we will continue to build upon our success and strive for continuous improvement in our ESG performance. This low ESG Risk Score serves as motivation for us to push the boundaries further and enhance our sustainability initiatives, such the annual fund we have created to invest in climate change mitigation projects across our facilities.”
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