In May 2022, Vaisala, a global leader in weather, environmental, and industrial measurements, received an ESG Risk Rating of 9.7 and was assessed by Sustainalytics to be at negligible risk of experiencing material financial impacts from ESG factors.
This means that, when it comes to environmental, social, and governance (ESG) risk factors, Vaisala is a very low-risk investment thanks to its strong ESG risk management. Vaisala’s ESG Risk Rating places it in the 2nd percentile in the electronics equipment industry assessed by Sustainalytics. More information about the analysis and Vaisala’s rating can be found on Sustainalytics website. In addition to Sustainalytics, Vaisala’s sustainability work also received the Carnegie Sustainability Award 2022 on May 31, 2022.
“We have been continuously improving our sustainable business practices, and I am happy to see all the work we have done reflected in Sustainalytics’ ESG evaluation. Nonetheless, while ESG risk management is important, it is also crucial that businesses align their strategies with our planet’s challenges. Vaisala’s greatest sustainability impact stems from the use of our products, as our customers can study, mitigate, and adapt to climate change, for instance,” comments Marjo Hietapuro, Sustainability Manager at Vaisala.
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. Learn more about the ESG Risk Ratings on Sustainalytics’ website.
In the rating, Vaisala receives great scores in all categories ranging from carbon footprint and supply chain management to employee matters. However, sustainability is all about continuous improvement.
“The ESG rating by Sustainalytics is a testament to the sustainability work we do in Vaisala every day. We also want to continue developing, and most recently, we committed to setting a science-based target and have put more focus on diversity and an inclusive work culture,” Hietapuro summarises.
What is Sustainalytics?
Sustainalytics, a Morningstar company, is a leading independent ESG research, ratings and data firm that supports investors around the world with the development and implementation of responsible investment strategies. Sustainalytics works with hundreds of the world’s leading asset managers and pension funds who incorporate ESG and corporate governance information and assessments into their investment processes. The firm also works with hundreds of companies and their financial intermediaries to help them consider sustainability in policies, practices, and capital projects. For more information, visit http://www.sustainalytics.com/.