Non-financial ratings on the website
ENGIE sees sustainable development as contributing to the Group’s ability to create long-term value through the joint development of sustainable business and appropriate management of non-financial risks. Non-financial ratings agencies focus the majority of their audit on how companies manage these risks. Their performance rating is not only a measure of external recognition, but also provides essential guidance for the process of improving how companies manage these risks.
External assessments and recognition
The non-financial risk management assessments of ENGIE conducted by ratings agencies provide external, independent recognition of the quality of its non-financial processes. They therefore provide additional input to the interactive dialog between the Group and certain stakeholders, such as socially responsible investors (SRIs), shareholders, customers, the media and even NGOs.
Because the non-financial performance of ENGIE is integral to its overall performance, it is regularly assessed by ratings agencies. Since these agencies work on the basis of their own benchmarks, their individual analyses provide different and complementary perspectives of the overall non-financial performance of the Group.
ENGIE incorporates the analytical outcomes of all these ratings into its continual improvement process.
The Vigeo rating and Euronext-Vigeo indices
According to the 2014 Vigeo analysis, the extra-financial performance of ENGIE ranks the Group at Number 10 out of the 43 companies in the Electric & Gas Utilities sector with a score of 58/100, which is identical to the 2012 rating. At the end of last year, ENGIE was listed in three indices: Euronext-Vigeo Eurozone 120, Euronext-Vigeo Europe 120 and Euronext-Vigeo France 20. The next ENGIE rating is expected to be published in the second half of this year.
The RobecoSAM assessment and DJSI
In 2015, RobecoSAM awarded an overall rating of 79/100, ranking ENGIE at Number 3 of 31 companies in the Multi and Water Utilities sector. This outcome allowed ENGIE to join the World and Europe sections of the Dow Jones Sustainability Index (DJSI) family for its industry. ENGIE was also awarded a Silver Class Sustainability Award in recognition that its rating was within 1%-5% of the leader in its industry sector. According to RobecoSAM, the key strengths of the Group are its ability to grasp market opportunities, its customer relationship management and the fact that it publishes a tax policy.
The Oekom rating
The 2014 Oekom assessment awarded the Group its C+ rating in the Utilities sector. The Oekom rating divides into two parts: social issues (40% of the overall assessment) for which ENGIE was rated C+, and environmental issues (60% of the assessment), which was also rated C+. Its environmental management and ability to effectively manage the challenges of diversity were among the highest rated strengths of ENGIE. Like RobecoSAM, Oekom also considers the processes defined by its policies, charters and reports as Group strengths. The programs introduced to promote access to sustainable energy in developing countries were also seen by Oekom as very positive factors in its overall assessment of ENGIE. A new Oekom rating for ENGIE is expected by the end of this year.
The Carbon Disclosure Project assessment
Every year, ENGIE completes the CDP (Carbon Disclosure Project) questionnaire used to rank the world’s largest market-listed companies on their understanding of the challenges posed by climate change and their performance in combating its effects. In the CDP Climate questionnaire for 2015, the Group was rated A- for performance (on a scale from A to E in which A is the highest), and 100/100 for the quality and transparency of its reporting. These excellent results put ENGIE into the Climate Disclosure Leadership Index (CDLI) for France/Benelux. This index lists only those companies that achieve the highest levels of transparency in their anticipation and management of climate change.
The Sustainanalytics rating
In 2015, ENGIE was rated 64/100 and 48th out of 88 Utilities sector companies. In terms of environmental issues, Sustainalytics highlighted the expansion of the Group’s renewables capacity, the inclusion of ESG criteria in its investment projects, and its water protection policy. Sustainalytics rates the Group’s social and governance performance.
The ECOVADIS rating
Ecovadis offers companies a platform for conducting Corporate Social Responsibility (CSR) assessments of their suppliers. ENGIE completes this questionnaire every year at the request of around ten of its largest customers. The rating is calculated on the basis of 21 criteria grouped into the 4 main themes of environment, social, business ethics and responsible purchasing. In 2016, ENGIE was awarded an overall rating of 73/100, reflecting an improvement over the previous year, ensuring that the Group remains in the Advanced category with a Gold CSR rating.