Carbon Disclosure Project underpins Wieland's leadership role in sustainability
- Above average B Score compared to peers in the metal products manufacturing
- Expansion of recycling activities underlines sustainable action
- Goal of net zero emissions by 2045
Wieland is aware of the impact it has on the environment and rigorously implements targeted measures when it comes to climate protection. This has recently been certified by the London-based non-profit organization "Carbon Disclosure Project" with the award of a B score in the area of "Climate Change." This score puts Wieland in the top 36 percent of international companies within metal products manufacturing rated each year that have achieved this level. Only 11 percent have achieved the top score of A.
"All climate protection measures are firmly integrated into our business strategy," stated Dr. Erwin Mayr, CEO of the Wieland Group. "However, we not only strive to reduce our emissions. We are also working consistently towards achieving net zero emissions by 2045." The good results in the CDP rating clearly show that Wieland is already playing a leading role within the industry in the fight against climate change. The expansion of recycling activities in North America and Europe as well as the company's own initiatives for the use of renewable energies illustrate Wieland's ambitions for sustainable action.
The annual CDP rankings are of interest to customers who attach increasing importance to the transparency of climate protection measures and participation in sustainability ratings. They are also relevant for professional investors who use the environmental organization's data to evaluate listed companies in particular with regard to the ecological criteria of climate protection, water safety and forest utilization.
Once a year, CDP uses standardized questionnaires to collect data and information on CO2 emissions and climate risks as well as reduction targets and strategies from companies around the world on a voluntary basis. This has resulted in what is now the world's largest database of its kind. Participants answer approximately 120 complex questions in the categories of strategy and targets, risk management processes, corporate governance, initiatives to reduce emissions, commitment in the value chain, risks and opportunities, and energy as well as financial planning and analysis of scenarios. Wieland was able to set itself apart from the industry average in the first four categories in particular, receiving the highest possible rating.
Dr. Mayr comments: "We are already on the right track. The validation of our decarbonization targets for 2030 by the Science Based Targets Initiative (SBTi) in September 2022 showed that they are in line with the 1.5 degree target set by the Paris Agreement. Our ambitious goal is to continue to improve and achieve an A rating in the CDP ranking in the medium term."
Carbon Disclosure Project
The non-profit organization Carbon Disclosure Project has set itself the goal of evaluating and disclosing environmental data such as climate-damaging greenhouse gas emissions or the water consumption of countries, cities and companies. The resulting ratings allow these environmental data to be assessed and compared transparently. A large number of international and listed companies support the project and publish their data. In total, CDP collects data from around 15,000 companies in about 60 countries.
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