Wielton takes spot for climate awareness ranking

Polish OEM, Wielton, has topped the ranking of a ‘Corporate Climate Crisis Awareness Study’ of public companies.

The annual study reports 143 listed companies subject to the obligation to disclose non-financial information for two consecutive years – 2017 and 2018 were audited.

In the compilation only six companies obtained a minimum of five points out of 10. Wielton achieved 7.33.

“We are extremely proud of obtaining the highest grade in the study,” said Wielton President, Mariusz Golec.

“I am glad that our activities have been appreciated,” he said. “We have recently conducted an in-depth study of the significance of non-financial data. It allowed us to determine which issues, among others when it comes to the environment, they are important to the Wielton Group. Thanks to this, we can improve our production processes to minimise environmental impact. It is extremely important in the conscious building of sustainable development of the Group.”

The study also revealed low awareness of listed companies in the aspect of climate awareness. In the 2018 survey, the average result of the companies covered by the report was 1.03 points and was only 0.09 points higher than a year ago.

The climate awareness study was conducted by the Reporting Standards Foundation, the Stock Exchange Issuers Association and Bureau Veritas. The companies were rated in terms of 19 criteria, including policies or strategies regarding the management of climate crisis issues and the reporting of greenhouse gas emissions.

Last month, Wielton released financial results for the first half of 2019, citing increases in revenues and earnings before interest, tax, depreciation and amortisation (EBITDA).

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