Fluidra, world leader in pool and wellness equipment and connected solutions, has improved its rating on the Sustainalytics ESG Risk Rating Index by more than 7 points achieving a result of 24.6 and a risk “MEDIUM”. This rating measures the company’s exposure to ESG (Environment, Social and Governance) risks specific to the industry and assesses the management of the company.
The Sustainalytics report confirms that Fluidra is in the 8th percentile of international companies in the industrial machinery sector that are part of the ranking. Fluidra has obtained a LEADERSHIP position in the Audit & Financial Reporting area and has had STRONG performance in managing its carbon emissions and human rights standards as part of the supply chain.
In addition, the company has also improved its rating de ESG Risk Management, which assesses the robustness of ESG programs, practices and policies, achieving a rating of “STRONG” (51.9). The evaluation system considers that Fluidra’s performance in ESG criteria follows the best practices, which indicates a strong responsibility towards workers, investors and clients. The company’s ESG strategy is directly supervised by the executive team and is integrated into the overall business strategy.
The Sustainalytics rating, a subsidiary of Morningstar, assesses the sustainability performance of more than 14,000 companies around the world. In their report they take into account more than 450 aspects that serve to evaluate 70 variables.
Fluidra presented in its last Capital Markets Day your comprehensive ESG plan, Responsibility Blueprint for 2020-2026. In the environmental field, Fluidra has committed to becoming a carbon neutral company in terms of Scope 1 and 2 by 2027 and Scope 3 by 2050. In addition, Fluidra is committed to passing the current 50% of product sales rated as ‘ESG friendly’ to more than 80% in 2035.
On the social level, Fluidra is focused on gender equality, with the commitment to eliminate the net salary gap by 2024. Finally, governance is also an essential part of the roadmap of the company where it is being carried out. a ESG risk analysis which will be aligned with the best practices defined by the TCFD (Task Force on Climate-related Financial Disclosures), a recommendation created with the aim of improving investors’ understanding of the impact of climate risks on different corporations.
Fluidra achieved an ESG score of 69 out of 100 S&P rating and is committed to achieving a rating of 80 by 2030 and this rating from Sustainalytics joins the CDP rating and its position in the FTSE4Good Index Series as recognition to the company for its work in the field of ESG.
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