dormakaba achieves Prime Status in ISS ESG Corporate Rating
Rümlang, 24 November 2022 – dormakaba has been awarded Prime Status by the Institutional Shareholder Services (ISS) Environmental, Social and Governance (ESG) Corporate Rating. This achievement is another valuable recognition of dormakaba's strong sustainable development. dormakaba has committed to an industry-leading framework for sustainability with over 30 ambitious ESG targets as part of its strategy, Shape4Growth.
ISS ESG is a leading ESG rating institution that empowers investors and companies to build long-term and sustainable growth by providing data, analytics, and insights related to the company’s performance. The ESG Corporate Ratings assess companies based on an analysis of more than 100 sector-specific ESG factors. Companies that receive particularly high scores within their respective industry are awarded a Prime Status distinction. This means that they fulfil ambitious absolute performance requirements. As a consequence, dormakaba shares are now eligible for responsible investment by over 3000 institutional investors and clients of ISS.
“In 2021, we launched an industry-leading sustainability framework with ambitious targets, to set higher standards in our sector. The ISS ESG rating result positively acknowledges our strong sustainability strategy and achievements. We will continue improving our performance globally to live up to our commitment to sustainable development,” says Jim-Heng Lee, CEO of dormakaba.
In FY 2021/22, dormakaba’s MSCI rating also improved from A to AA, suggesting that dormakaba is among the industry leaders in managing the most significant ESG risks and opportunities.
Visit dormakaba’s latest Sustainability Report to learn about its goals and results: https://report.dormakaba.com/2021_22/en/sustainability/