Schur Flexibles, which underwent its first independent ESG Risk Rating by Sustainalytics in August 2021, has come out on top in its subindustry and is ranked second in the entire “containers & packaging” industry.
Schur Flexibles Group develops and produces tailor-made packaging innovations along its integrated value chain at 23 European production plants. The key objectives of the company’s sustainability programmes focus on the research and development of recyclable materials, the highest resource efficiency of processes and products as well as on “zero waste”.
With an ESG Risk Rating of 9.0, the packaging specialist is the only company in the industry assessed by Sustainalytics to be at “negligible risk” of experiencing material financial impacts from ESG factors.
“Over the last few years, we have intensified our efforts to drive positive change in all these areas to support the Sustainable Development Goals, to advance the European Green Deal and to boost the transformation of our sector,” said Michael Schernthaner, CEO of the Schur Flexibles Group. “We are very pleased that we have shown such an outstanding performance in our first rating by 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. The ESG Risk Ratings by Sustainalytics analyse a company’s exposure to current and potential material ESG issues and assess how its programmes and practices manage these topics. The multidimensional approach of the ratings based on management concepts and exposure allows the company to provide a holistic assessment of the ESG risks.
“The rating also motivates us to step up our efforts and to push ahead with our continuous improvement measures. Our goal is to become a leader in sustainability in our industry,“ said Schernthaner.