Sustainability
TOGETHER FOR CHANGE – WIND FOR A SUSTAINABLE FUTURE
The Goal: Sustainability in all areas
As a manufacturer of innovative onshore wind turbines, we help to continually increase the share of renewable energies in the global energy mix. Sustainability is the core of our business model, and
we are convinced that it is essential not only for the commercial future of the Nordex Group but also to preserve our environment for future generations.
For this reason, the Nordex Group pursues a holistic approach above and beyond our business model by setting ambitious targets for ourselves and continuously striving for improvements.
The objective is clear, how to get there is described in our Sustainability Strategy.
Sustainability Management
SUSTAINABILITY – ORGANIZATIONALLY ANCHORED & STRATEGICALLY LEADING THE WAY
At the Nordex Group, the Global Sustainability Management department is responsible for the company’s strategic development of sustainability topics and remains in constant contact with all areas of the company to coordinate and manage sustainability measures and meet our stakeholders’ growing information requirements. It reports directly to the Chief Financial Officer of the Nordex Group. Our company-wide Global Sustainability Network, coordinated by the Sustainability Management department, is an important platform for discussing and driving cross-departmental sustainability issues.
THE NORDEX GROUP IS COMMITTED TO THE GOAL OF SUSTAINABLE DEVELOPMENT AND ACTIVELY CONTRIBUTES TO THE SDGS
At the heart of its Agenda 2030, the United Nations General Assembly adopted 17 global Sustainable Development Goals (SDGs) in 2015. The Nordex Group has integrated these objectives into its sustainability approach. We see our potential for influence particularly in the five SDGs as our business activities can make a significant contribution to their achievement: ‘Affordable and Clean Energy’ (7), ‘Decent Work and Economic Growth’ (8), ‘Industry, Innovation and Infrastructure’ (9), ‘Responsible Consumption and Production’ (12) and ‘Climate Action’ (13).
Sustainability Strategy 2025
TOGETHER FOR CHANGE –
WIND FOR A SUSTAINABLE FUTURE
Our Sustainability Strategy 2025 entitled “Together for change – Wind for a sustainable future”, forms the framework for responsible actions in all areas of the organization.
MATERIALITY ANALYSIS
We conducted an extensive materiality analysis in order to identify the material issues for the Nordex Group, sustainability-related trends and developments, and to find out to what extent our performance matches our potential and requirements in the opinion of external stakeholders. We engaged with customers, investors and suppliers and then with internal stakeholder groups. Based on this materiality analysis we set smart targets, underpinned by specific measures for these topics to launch the next stage of consistent sustainable development in our company.
Sustainability ratings & ESG scores
As of December 2022
There are various ESG ratings agencies that continuously monitor and confirm Nordex’ sustainability performance. ESG stands for Environment, Social and Governance. The agencies collect information on these topics, conduct research and evaluate companies. These ratings encourage transparency concerning sustainability performance in our industry.
ESG RATING SCORES
ISS ESG
Rating outcome: B Prime
One of the leading ratings agencies worldwide in the area of sustainable investments, ISS ESG, evaluated the Nordex Group with B” in 2020. This means that we continue to hold “Prime Status” in 2022, which is awarded to companies whose environmental and social activities are above the industry average.
CDP
Rating outcome: B
The CDP (formerly the Carbon Disclosure Project) rating, which focuses on environmental impact, scored the Nordex Group with a “B“ in the category of climate change. We are very positive that we could further improve our rating in 2022 (2021: B-).
MSCI
Rating outcome: A
The goal of the MSCI rating is to measure a company’s resilience to long-term ESG risks. In 2022, Nordex achieved the rating of “A” (on a scale from AAA-CCC) in the MSCI ESG rating.
EcoVadis
Rating outcome: 71 Gold
The Nordex Group was awarded a gold medal in recognition of its sustainability achievements in 2022. In order to receive a gold medal, companies must achieve a total point score of 66-73. The EcoVadis method involves the evaluation of guidelines, actions and reports published by companies in the thematic areas of environment, labor and human rights, ethics and sustainable procurement.
Sustainalytics
Rating outcome: 25.0 Medium
Sustainalytics helps investors to identify financially significant ESG risks at the security and portfolio level. The agency measures the Nordex Group’s exposure to industry-specific significant ESG risks and assesses how well we manage these risks. In 2022, Nordex received an ESG Risk Rating of 25.0 points and was classified as medium risk by Sustainalytics.
Sustainability reports & certifications
Since 2016, the we release an annual Sustainability Report, describing our policies, targets, activities, risks and opportunities and key performance indicators (KPIs)in the area of sustainability. and. The focus lies on the topics that we identified in the materiality analysis and that are part of our Sustainability Strategy. The Sustainability Report is audited by an independent auditing firm in accordance with the International Standard on Assurance Engagements 3000 (ISAE 3000, Revised). The Nordex Group reports following
the Global Reporting Initiative (GRI) framework.
PUBLICATIONS
Sustainability Reports
Sustainability Key Facts
ISO Certifications Division Europe
ISO 9001:2015
Certificate, Annex (Nordex SE)
ISO 14001:2015
Certificate, Annex (Nordex SE)
ISO 50001:2018
Certificate & Annex (Nordex SE / Nordex Energy GmbH)
ISO 45001:2018
Certificate, Annex (Nordex SE)