ZURICH, Switzerland — ABB has been selected once again for inclusion in the FTSE4Good Index Series. With an overall score of 4.2 on a scale from 0 to 5 (5 is the best score), ABB has improved on the previous year’s score, in particular due to progress in corporate governance and transparency. The company is ranked among the best performers in the index globally and above sector average.
FTSE4Good is a global sustainable investment index series, designed to identify companies that demonstrate strong Environmental, Social and Governance (ESG) practices measured against international standards. The series is an important tool for a wide variety of market participants when creating or assessing sustainable investment products.
“ABB is proud to be acknowledged as a member of the FTSE4Good Index Series and that our efforts are being recognized. Our new sustainability strategy, where we have set ambitious targets, will further demonstrate our commitment to sustainability”, said Theodor Swedjemark, Chief Communications and Sustainability Officer. “As a global technology company, we believe that technology holds the key to a sustainable future and to tackling climate change. At the forthcoming COP26 climate conference, governments, businesses and civil society need to work together to empower companies and citizens to accelerate the implementation of these technologies in line with ambitious targets.”
The 26th UN Climate Change Conference of the Parties (COP26) in Glasgow on 31 October–12 November 2021 will bring parties together to accelerate action towards the goals of the Paris Agreement and the UN Framework Convention on Climate Change. With global society having less than a decade to cut CO2 emissions in half to meet the 1.5°C climate goal of the Paris Agreement, new ambitious policies are being introduced to reduce emissions and move to a low-carbon economy.
ABB is committed to working with customers, governments, business partners, multilateral institutions and NGOs to help achieve the Paris climate goal. As a global technology company present in more than 100 countries, ABB actively participates in local, regional and global dialogues on addressing the world’s energy challenges and transforming industries to benefit society, the environment and the economy.
More details on ABB’s Sustainability Strategy can be found here.Tagged with ABB