S&P places Fluidra amongst the most sustainable companies in its sectorFebruary 14, 2023
The rating agency has added the company to its Sustainability Yearbook for the first time.
In 2022 Fluidra scored 66 points in S&P’s questionnaire in comparison to 60 in 2021.
Fluidra, the world leader in equipment and connected solutions in the pool and wellness sector, was added to the 2023 Sustainability Yearbook drawn up by S&P for the first time. It screens more than 7,800 companies from 61 different industries and recognizes the most sustainable factors in each sector.
To appear in S&P’s yearbook, companies must be in the top 15% with the best rating in their industry and their score must be within 30% of the highest one in their sector.
In 2022, Fluidra scored 66 points in S&P’s CSA questionnaire. This was 6 points up in comparison with the 60 obtained in 2021 for its ESG strategy, called the Responsibility Blueprint, and above the 63 point target set for 2022.
This scope puts the company in a position to hit its target faster of getting a score of 80 before 2030. S&P increased Fluidra’s rating in all three categories assessed (environmental, social and governance) and the difference with the highest score in the sector has been cut back from 28 to 21 points.
Fluidra’s highest score (100) was earned for its social and environmental reporting. It is also worth highlighting the scores obtained for governance (94), operational eco-efficiency (93) and human rights (82).
Firm commitment by the company to ESG
Fluidra presented its Responsibility Blueprint at its Capital Markets Day in 2021 for the 2020–2026 period. With regard to environmental issues, Fluidra has committed to becoming a carbon neutral company in terms of Scope 1 and 2 by 2027, and of Scope 3 before 2050. Fluidra has also committed to building up the sales of its products currently rated as sustainable from 45% at present to 60% in 2026 and over 80% by 2035.
In terms of social issues, Fluidra is focusing on gender equality, through its commitment to bridging the adjusted pay gap in 2024 and to upholding the diversity and inclusion of its employees. Lastly, governance is also a core part of the company’s road map, for which an analysis is being made of ESG risks that will be in line with the best practices set by the Task Force on Climate-related Financial Disclosures (TCFD), which provides guidance designed to improve investors’ understanding of the impact of climate risks on different corporations, among other initiatives.
In 2022, Fluidra was recognized for its efforts to improve its environmental, social and good governance performance, which boosted its score in rankings such as CDP, S&P or Sustainalytics. It is also listed on the FTSE4Good Index Series, a benchmark index in terms of sustainability.