Fugro actively engages with several ESG rating agencies that regularly assess our environmental, social and governance (ESG) policies and performance. Fugro also uses the learnings to enhance transparency and achieve continuous improvement in these scores going forward.
MSCI ESG Research is designed to help investors identify ESG risks and opportunities within their portfolio. MSCI research and rate companies on a 'AAA' to 'CCC' scale according to their exposure to industry-specific ESG risks and their ability to manage those relative to peers.
In January 2022, Fugro was re-classified to the Construction & Engineering industry, having expanded beyond offshore oil and gas services into the energy and infrastructure markets. Its focus on geological services presents opportunities to design resilient structures, in light of the energy transition trend and rising sea levels. This also results in an emphasis on talent management due to the reliance on specialized engineering skills. Fugro also continues to lead global peers on governance structures.
Sustainalytics, a Morningstar company, has rated Fugro with an ESG Risk Rating of 23.7 as of August 2021 on a scale of 0 (maximum) to 40 (minimum). With this score, Fugro ranks 11th of 278 companies that Sustainalytics covers in the Construction and Engineering industry.
Due its increasing diversification, Fugro’s industry classification was adjusted from Oil & Gas to Construction & Engineering in 2021. Read more.
V.E., part of Moody's ESG Solutions
V.E has been part of Moody’s ESG Solutions since 2019. Moody’s ESG Solutions is a business unit of Moody’s Corporation that serves the growing global demand for ESG and climate insights. The group’s comprehensive offering includes ESG scores, climate data, Sustainability Ratings and Sustainable Finance certifier services. In 2021 we received score 48 on a scale of 0 (minimum score) to 100 (maximum) as part of the sector Oil Equipment & Services. Fugro is engaging with V.E to assess our performance within a more befitting industry classification. Read more.
CDP Climate Change disclosure
CDP is a not-for-profit organisation that runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts.
Since the reporting year 2018, we participate in the CDP Climate Change disclosure by submitting environmental performance data related to climate change. For our 2021 disclosure over the reporting year 2020, we received a B- rating. We target a further improvement to a B rating. Read more.
Every 2 years, the Dutch Ministry of Economic Affairs and Climate Policy ranks 235 companies and other organisations on transparency regarding ESG strategy and policies. In 2021, Fugro scored 64 out of 100 points, ranking 57 out of 235 companies. This represents an improvement from 56 points (62th place) in the previous assessment (in 2019).