BOAL's Controlled Environment Agriculture (CEA) products play a pivotal role in the transition to reduce the ecological footprint in food production. The company itself is also working hard on its own sustainability goals. Recently BOAL has further tightened its ESG strategy, including being assessed by a leading independent rating agency.
Nowadays, responsible and transparent business operations are the only way to convince customers, employees, and other stakeholders that a company is delivering on its sustainability promise. Therefore, independent ratings offer support to compare where a company stands related to this topic.
Stefan Eggers (left) congratulates Adri Pols
The BOAL Group is pleased to announce that in April 2022, it received an ESG Risk Rating¹ of 7.2 from Sustainalytics, a Morningstar company. BOAL not only has the best rating of all companies in its category (building products) but also was assessed to be number 38 of the almost 15.000 companies rated by Sustainalytics worldwide. In addition, BOAL is the highest-ranking Dutch company on the overall list.
ESG front runner in horticulture
"We are very proud to have obtained such a great rating from Sustainalytics. Every day our staff is dedicated to ensuring we deliver on our ambitious Environmental, Social, and Governance (ESG) commitments," says Adri Pols, CEO of the BOAL Group. "This rating confirms we are, in fact, true front runners in the important field of ESG within horticulture."
The Sustainalytics extensive rating process is linked to all three dimensions of ESG. For the Environmental topic, the focus is on reducing CO2 emissions and reusing materials. For the Social component it's on human capital development, health and safety, and for Governance on robust programs, practices, and policies to prevent non-conformities. "On all topics, we scored very well by having the appropriate procedures and mechanisms in place, meaning a fantastic overall "negligible" score as the outcome of the ESG Risk Rating," states Stefan Eggers, who led the rating project and will continue to be responsible for sustainability at BOAL.
For more information:
BOAL Group
www.boalgroup.com