Helloenergy transition technology company whose purpose is to create a 100% sustainable planetis placed as number 1 in the Reg ESG ranking by Sustainalytics – the leading Morningstar agency in ESG and corporate governance research and ratings – in the Independent Power Production and Traders subcategory.
The analysis, which assesses the company’s risk management in human capital, social impact and corporate and product governance, places Holaluz at a lower ESG risk level than in the previous assessment in 2020 (-3 .33%), going from 12 to 11.6 points. An overall low risk score that places it among the 4% of companies with Press release 2/5 Press release best rating (lowest risk) within the Sustainalytics universe of 15,000 companies and among the 2% within the Industry category (utilities) of a total of 712 companies.
Sustainalytics recognizes, with this outstanding position, the leadership of Holaluz on the energy transition with ESG risk management that the agency qualifies as “strong” and ESG risk exposure rated as “low”.
The ESG Risk Rating is one of the main references in the capital market. It evaluates a universe of companies that represents more than 80% of capitalization total stock markets. The analysis firstly identifies the risks that affect the company due to its nature (sector, activity, public exposure, etc.) and secondly, the risks derived from its management (transparency, criteria that govern governance, policies of equality, etc.) This involves the analysis of more than 450 data to evaluate 70 variables around ESG that result in a level of risk that investors around the world take as a variable to invest or not in a company.
“Reducing the level of risk and achieving the first position in the Sustainalytics ESG irrigation ranking in our category is the confirmation that we continue to be true to our purpose in all areas of our business. This milestone, along with the company’s new strategic approach in the solar business, consolidates Holaluz’s leadership in the transformation of the sector with an impactful business model that responds to the global challenge of climate change”, declares Carlota Pi , co-founder and CEO of Holaluz.
ADN ESG
Holaluz was created with the conviction that companies must be tools to change the world and with the vision of creating a 100% renewable planet. Almost twelve years later and true to its purpose, Holaluz is a pioneer in promote a structural change for the entire energy system: The Roof Revolution.
With only two years of life, La Revolución de les Teulades is Holaluz’s bet to make the world move thanks to renewable energy, turning every m² of roof into 100% green and cheap electricity for everyone. A movement that seeks to transform the current electricity generation model – centralized and 3/5 Press release non-renewable – to a model that combines centralized generation with distributed generation and that leverages entirely on green energy.
In addition, Holaluz is a partner of the UN Global Compact as part of its commitment to the Sustainable Development Goals and is part of the Business Ambition for 1.5 °C initiative of the United Nations in order to work on the Net goals Zero aligned with the Paris Agreement according to the Science Based Target Initiative (SBTI).
