Press releases

2021/11/17

STANDARD AND POOR’S RATING AGENCY UPGRADES CAF’S ESG RATING

Standard & Poor's (S&P), the prestigious American financial service Company, has just finished its annual ESG (Environment, Social, Governance) assessment of the CAF Group. Like other well-known ESG rating agencies, S&P assesses the materiality of the ESG factors and the associated risks, in addition to how companies manage these.

Within the Sustainability Plan the CAF Group is carrying out and continuing with the transversal initiative for improvement in the rating on the part of the ESG rating agencies, this year for the first time CAF participated proactively in the assessment process carried out by S&P, providing the necessary information on the company in this area.

As a result of this analysis, the CAF Group has achieved a score of 56/100 in the 2021 S&P Corporate Assessment, thus surpassing the internal target set for the 2021 financial year (50/100) and obtaining the 84th percentile in the Machinery and Electrical Equipment industrial sector, which means that 84% of the companies obtained a score equal to or lower.

All this serves to consolidate the path the CAF Group has taken towards sustainability and confirms the Company’s strong commitment in this respect.