Siemens Gamesa S&P Ratings Showcases Commitment to Energy Transition

Siemens Gamesa S&P Ratings Showcases Commitment to Energy Transition

Siemens Gamesa was the first to manufacture recyclable wind turbine rotor blades for commercial use offshore

Siemens Gamesa has achieved a score of 83 out of 100 in the S&P ESG Evaluation, placing it #2 in Spain and #12 in the world among public ESG evaluations.

Siemens Gamesa, which was already evaluated last year by S&P, is the only wind turbine manufacturer to receive this evaluation. These results showcase Siemens Gamesa’s commitment to the green energy transition, which is outlined by S&P in its ESG Evaluation.

“The ESG Evaluation of 83 reflects our view of Siemens Gamesa as a key player is supporting the systematic decarbonization of the energy system and providing products to industry-wide challenges such as the recycling of blades," S&P stated.

Siemens Gamesa was the first to manufacture recyclable wind turbine rotor blade for commercial use offshore.

“Siemens Gamesa is well prepared to benefit from growing demand in the renewable energies sector. It benefits from its unique position that enables the company’s robust research and development capacity, which will support its investment in cutting-edge technological solutions.” S&P added.

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S&P’s ESG evaluation analyzes a company’s performance in terms of environmental, social and governance risks and opportunities. These three areas are analyzed in S&P’s report about Siemens Gamesa and the company scores high in all three.

Regarding environment, S&P outlines Siemens Gamesa’s targets, such as the recyclability of the company’s products. In the social profile, S&P ESG Evaluation indicates that “Siemens Gamesa’s workforce strategy centers on empowering employees to innovate and improving gender diversity.

In the governance area, the report highlights that “Siemens Gamesa’s values framework is robust and meets global standards” and also that the company’s “financial and non-financial disclosures are in line with international best practices.”

“We are very happy to be evaluated for the second time by S&P Global´s ESG Evaluation and receive a high score, of 83/100, positioning the company as #2 in Spain and #12 in the world. It shows our strong and commitment to ESG topics," Siemens Gamesa CFO Beatriz Puente said.

"Corporate ESG evaluations are contributing to a greater sustainable finance product offering and allowing companies with good ESG performance to obtain lower financing costs and also access ESG-focused investors,” Puente added.

Siemens Gamesa obtained a #1 ranking in the industry from FTSE Russell and ISS ESG, and a #2 ranking from Moody`s ESG Solution (former Vigeo Eiris) and S&P Global´s Corporate Sustainability Assessment.

Siemens Gamesa maintains its presence in sustainability indexes such as Dow Jones Sustainability (World and Europe), FTSE4Good, STOXX Europe Sustainability, STOXX ESG Leaders, Euronext Vigeo (World, Europe and Eurozone), and Solactive Europe Corporate Social Responsibility indexes.

Read More: Siemens Gamesa and Greenalia Push Energy Transition in Spain

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