Construcciones y Auxiliar de Ferrocarriles S A : STANDARD AND POOR’S RATING AGENCY UPGRADES CAF’S ESG RATING
November 17, 2021 at 08:18 am EST
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2021/11/17
Standard & Poor's (S&P), the prestigious American financial service Company, has just finished its annual ESG (Environment, Social, Governance) assessment of the CAF Group. Like other well-known ESG rating agencies, S&P assesses the materiality of the ESG factors and the associated risks, in addition to how companies manage these.
Within the Sustainability Plan the CAF Group is carrying out and continuing with the transversal initiative for improvement in the rating on the part of the ESG rating agencies, this year for the first time CAF participated proactively in the assessment process carried out by S&P, providing the necessary information on the company in this area.
As a result of this analysis, the CAF Group has achieved a score of 56/100 in the 2021 S&P Corporate Assessment, thus surpassing the internal target set for the 2021 financial year (50/100) and obtaining the 84th percentile in the Machinery and Electrical Equipment industrial sector, which means that 84% of the companies obtained a score equal to or lower.
All this serves to consolidate the path the CAF Group has taken towards sustainability and confirms the Company's strong commitment in this respect.
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CAF - Construcciones y Auxiliar de Ferrocarriles SA published this content on 17 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2021 13:17:06 UTC.
Construcciones y Auxiliar de Ferrocarriles SA (CAF) is a Spain-based company engaged in the rolling stock manufacture. The Companyâs activities are divided into two business segments: Rolling stock, as well as Components and spare parts. The Rolling stock division focuses on the design, production and distribution of rolling stock and equipment for railway systems, such as high-speed vehicles, locomotives, trains for middle-distance transportation, commuter trains and electric motorcars, subway trains, streetcars, traction and signaling systems, as well as energy storage solutions. The Components and spare parts division offers elements and spare parts for rolling stock equipment, such as wheels, axles and gear units. In addition, the Company offers technical assistance, maintenance and after-sale services, as well as development of rail infrastructure, among others. It operates through numerous subsidiaries in Spain, France, Germany, the United States, Brazil and Mexico, among others.