Egger Group has recently been awarded two accolades in sustainability ratings: Prime status in the ISS ESG Corporate Rating and the EcoVadis silver medal.
Sustainable management is a significant component of the Egger Group’s corporate behaviour. The company has aspired to act sustainably since its founding. A key requirement is the continuous improvement of its own sustainability management, therefore Egger has itself assessed regularly by external institutions.
ISS ESG is one of the leading rating agencies in the sustainable investment segment. This is now the third time it has awarded the Egger Group Prime status, which is reserved for the best companies in their respective industries. ISS ESG follows a scientifically based rating concept. Non-financial information from the areas of environment, social affairs and governance is taken into account. Companies achieve Prime status if they meet or exceed the sustainability performance requirements defined by ISS ESG for a specific industry. Companies with Prime status are considered sustainability leaders in their industry. Egger found itself in the top 3 of 49 companies from its own industry that were assessed by ISS.
EcoVadis, one of the world’s largest providers of sustainability ratings, has now awarded Egger the silver medal for the fourth time. This puts the wood-based materials manufacturer among the top 25 percent of all companies evaluated. The evaluation focuses on 21 criteria, which are subdivided into four subject areas: environment, labour and human rights, ethics and sustainable procurement.
A core element of sustainability at Egger is working in closed cycles. This significantly helps to conserve fresh resources. The wood-based material manufacturer is a secondary processor of sawmill residues and post-consumer recycling wood. The waste wood comes from disposed goods such as old furniture, pallets or packaging material. It is processed accordingly and cleaned of impurities.
In this way Egger limits its use of fresh wood in the form of industrial wood that is not suitable for cutting. Meanwhile, 64% of the wood used in its wood-based materials comes from recycling or by-products of industrial wood processing steps such as hackchips and wood shavings. Wood residues that can no longer be recycled provide energy from renewable sources in the company’s own biomass power plants. At the end of their long service life, Egger products are in turn largely recyclable and can be reintroduced into the cycle.
All key sustainability topics can be found in the EGGER Group’s sustainability report (non-financial statement) at www.egger.com/sustainability. It contains the Group’s strategy, objectives and performance with regard to economic, ecological and social sustainability.
For more information visit egger.com/en/
