GEA achieved improved scores in S&P Global’s Corporate Sustainability Assessment (CSA), the basis for inclusion in the DJSWI. This achievement underscores the company’s commitment to sustainable practices despite increasingly stringent evaluation criteria. Over 3,700 companies from 49 countries underwent the assessment in 2023, with GEA earning a score of 78 out of 100—an improvement of three points from the previous year. This score ranks GEA third in the global "Machinery and Electrical Equipment" sector and among the top 10% of assessed companies worldwide.
GEA excelled in several CSA categories, earning top scores in water management, energy efficiency, and transparency. Other high-performing areas included risk and crisis management, information security, and climate strategy. The company’s Climate Transition Plan 2040, which gained 98.4% shareholder approval at GEA's 2023 Annual General Meeting, contributed significantly to the results.
CEO Stefan Klebert emphasized the strategic importance of sustainability, stating, “GEA’s inclusion in the Dow Jones Sustainability World Index as sole German representative for the machinery and plant manufacturing sector is a special honor for us. It reflects how seriously GEA has taken sustainability for many years now as well as our unwavering emphasis on sustainability as a strategic priority.”
Under its new corporate strategy unveiled during its October Capital Markets Day, GEA aims to accelerate its sustainability initiatives. The “Mission 30” strategy outlines ambitious measures to support the company’s purpose of “Engineering for a better world.”
GEA’s ESG efforts have earned it additional accolades. The company has been part of the DAX 50 ESG Index since 2020 and has received high ratings from organizations like CDP (“A” for climate), MSCI ESG Ratings (“AAA”), and Sustainalytics (low ESG risk). TIME Magazine and Statista also ranked GEA as the 33rd most sustainable company globally in 2023 and third in Germany.
GEA’s consistent recognition highlights its leadership in sustainable industrial practices, reinforcing its position as a pioneer in responsible corporate governance.