Wienerberger wins yet another award for its first-rate sustainability management
- EcoVadis honors Wienerberger with silver ESG rating
- Wienerberger ranked among the best of its sector by EcoVadis
- In sustainable sourcing, Wienerberger is even among the top 3% of its peers
Vienna – Numerous awards and index rankings confirm the success of Wienerberger’s consistent sustainability strategy. Thanks to its ambitious ESG targets, the company won a silver medal in the current rating by EcoVadis, a leading international sustainability rating agency. In 2021, Wienerberger thus ranked among the top 11% of the companies of its industry and among the top 3% of all building materials companies worldwide rated by EcoVadis in terms of sustainable sourcing.
This award confirms us in our strategy to pursue our ambitious ESG targets. We are convinced that our innovative products and solutions will substantially contribute to reduce carbon emissions and reinforce circular economy.
Sustainable sourcing further improved
Among the areas covered by EcoVadis, the Wienerberger Group scored particularly well in environmental protection and sustainable supply, gaining additional points compared to the previous year, especially for its sustainable sourcing. In 2021, the Wienerberger Group reorganized the management of its procurement with a view to clear targets for 2023, which are focused on climate protection, energy efficiency, biodiversity and the circular economy. By demanding that suppliers meet sustainability criteria along the entire value chain, the company is preparing the ground for a better future.
MSCI ESG: AAA rating for Wienerberger
Within the framework of its ESG rating by MSCI, the world’s leading provider of sustainability analyses and ratings in the field of ESG, Wienerberger AG was again rated AAA (on a scale of AAA-CCC), which is yet another confirmation of its role as an international pioneer in sustainability management.
As early as 2019, Wienerberger also committed itself to ambitious targets in the field of finance and has opted for sustainability-oriented types of bank finance since that time. Interest payable on bank loans is linked to the sustainability rating determined by EcoVadis. Hence, improved sustainability performance results in lower financing costs.
About EcoVadis: The world’s most trusted sustainability rating for companies
EcoVadis is a leading international ESG rating agency with a special focus on sustainable supplier management. The EcoVadis rating covers a broad range of non-financial management systems, including a company’s environmental impact, labor and human rights, business ethics, and the effects of sustainable sourcing. EcoVadis provides a comprehensive sustainability rating service for businesses. Each company is assessed on relevant issues pertaining to its size, the location of its sites, and the industry it belongs to. These evidence-based assessments are presented in scorecards and rated on a scale of 0 to 100.
Every year, EcoVadis also awards medals (gold, silver, and bronze) to top-rated companies. The scorecards not only recognize a company’s strengths, but also highlight its potential for further improvement. The rated companies can thus fine-tune their sustainability efforts and adjust their action plans accordingly. EcoVadis has engaged in partnerships in order to promote sustainable global supply chains.