Evonik Has Earned a Higher Sustainability Rating from Morningstar Sustainalytics

Date: 29/11/2023
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The Morningstar Sustainalytics' low risk rating placed Evonik among the top 5% of the chemical industry on a global scale.

The international chemicals supplier Evonik has received a low risk rating from Morningstar Sustainalytics, placing it among the top ten best-rated specialty chemical companies and in the top 5% of approximately 600 chemical companies worldwide. The ESG risk rating considers material risks in a company's environmental, social and governance areas.

“The assessment by Morningstar Sustainalytics recognizes the consistent implementation of our new sustainability strategy. This is an incentive for us to continue setting ambitious sustainability goals in the future and to work hard to achieve them,” has stated Thomas Wessel, the member of Evonik's Executive Board responsible for sustainability.

Morningstar Sustainalytics had previously rated Evonik as medium risk four times. This year, the underlying risk rating improved to 19.7. The activities, improvements and targets of the company in the areas of ‘Sustainable Products and Services,’ ‘GHG Risk Management’ and ‘Hazardous Substance Management’ have been emphasised positively.

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