Non-financial ratings

By ENGIE - 03 May 2012 - 12:00

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.


Performance improvement


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 Eiris rating and Euronext-Vigeo Eiris indices


According to the 2016 Vigeo Eiris analysis, the CSR performance of ENGIE ranks the Group at Number 5 out of the 48 companies in the Electric & Gas Utilities sector with a score of 61/100, which is up 3 points compared to 2014 rating. At the end of 2016, ENGIE was listed in four indices: Euronext-Vigeo Eiris World 120 , Euronext-Vigeo Eiris Europe 120, Euronext-Vigeo Eiris Eurozone 120, and Euronext-Vigeo Eiris France 20. Engie also integrated, in 2017 the new index Vigeo Eiris CAC 40 governance.


The RobecoSAM assessment and DJSI indices


In 2016, RobecoSAM awarded an overall rating of 85/100, ranking ENGIE at Number 1 of 33 companies in the Multi and Water Utilities sector. This outcome allowed ENGIE to belong to the World and Europe sections of the Dow Jones Sustainability Index (DJSI) family for its industry. ENGIE was also awarded a Gold Class Sustainability Award.


ENGIE improved in 2016 its record in every category, with environmental performance 10 points higher (78/100), social performance 4 points higher (95/100), and economic performance 3 points higher (85/100). ENGIE achieved the highest rating (100/100) for commitment to stakeholders and climate strategy.  


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 current 2017.


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 2016, the Group was rated A (on a scale from A to E in which A is the highest). The “A list” comprises companies receiving the highest rating, representing 9% of major international companies that answered CDP’s 2016 questionnaire. ENGIE is 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.


In the CDP Water questionnaire, ENGIE was rated A- in 2016.


The Sustainalytics rating


In 2017, ENGIE was rated 70/100 and 48th out of 225 Utilities sector companies. The group’s performance was especially improved in the areas of environment and governance.


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.