2023
GEA
Year
Sector
Industrie légère
ACT assessment methodology
Generic
Performance Score
GEA has put in place many elements that make its overall climate strategy strong. The main positives are ambitious climate targets, some measures taken to reduce the impact of products sold, governance around the climate and customer and supplier engagement. That said, the company still lacks key elements such as a transparent engagement policy and an R&D budget aligned with its Scope 3 climate ambitions to achieve a fully credible strategy to align its business model with a low-emission economy.
Narrative Score
Overall, GEA's climate plan is advanced on many topics. The progress GEA has made in recent years is encouraging. The main positives are targets whose ambition has been validated by a third party as aligned with a 1.5°C scenario, a solid basis for thinking about how to reduce the carbon footprint of GEA's customers' use of GEA products, a structured governance model around sustainability issues, and actions taken to positively influence suppliers and customers.
Trend score
GEA itself announces that it can play an important role in the low-carbon transition on the technological side by having strong engineering skills and thanks to its positioning in the value chain. However, the company publishes that only 9.2% of its research budget is directed to topics related to environmental sustainability and has no transparency regarding the environmental value of the patents filed. GEA could also improve transparency around its societal influence. Finally, GEA has not yet managed to show how it intends to align its business model with a low-carbon economy.
Source
Say on Climate 2024
Evaluator
Ethos
GLOBAL SCORE
Performance score (/100)
60
Disclosure score (/100)
100
ℹ️
Narrative Score (A > E)
B
Trend Score (- = +)
+
Scores by module
#1 : best score in the sample
N/A% = module not applicable to the sectoral methodology
Target Score : 70%
Material Investment Score : 55%
Intangible Investment Score : N/A%
Sold Product Performance Score : 85%
Management Score : 65%
Supplier Engagement Score : 60%
Client Engagement Score : 70%
Policy Engagement Score : 35%
Business Model Score : 20%
Indicator weight by module