Ence is the leading company in its sector in environmental, social and corporate governance issues, as recognized in its latest report by the ESG Sustainalytics rating agency, which has established the company’s score in these aspects at 91 points out of 100. A result that places Ence ahead of all the companies in its sector, and 7 points above the second best valued company.
Sustainalytics is one of the benchmark analysts on ESG. Its rating evaluates the performance of more than 14,500 companies around the world. The ESG criteria analyzed take into account both environmental, social and corporate governance aspects of companies.
The Sustainalytics analysis points to Ence as a leader in sustainability by virtue of its leadership in environmental and social issues, as well as its outstanding performance in terms of governance. It also qualifies the company’s global management in terms of aspects related to ESG as solid.
Among other issues, the document highlights the strength and solidity of Ence’s sustainability strategy, controlled from a specific Sustainability Committee, chaired by the company’s CEO and made up of the General Directors of its different business areas. The company also has independent directors who are experts in this field. The main function of this Committee is to promote the company’s sustainability strategy and initiatives.
Another factor that has been taken into account when identifying Ence as a leader in sustainability is the reduction achieved in water consumption per ton of pulp produced in its two biofactories (Navia and Pontevedra). This demonstrates, adds Sustainalytics, the effectiveness of the company in relation to water management and, in general, its strength in managing the use of resources. Along the same lines, the agency highlights Ence’s membership in EsAgua, a Spanish network of organizations committed to reducing its water footprint.
On the other hand, the document indicates that Ence has a very robust environmental policy, backed by an equally solid environmental management system. In its pulp production plants, as well as in its renewable energy generation plants, the company monitors, measures and reports on these issues, while it has implemented initiatives to minimize its emissions. In addition, the cellulose manufacturing process applied by Ence in its biofactories has a positive influence, in which the additives used are recovered and reintroduced into the cycle, in an example of circular economy.
Regarding the company’s decarbonization strategy, Sustainalitycs also underlines the consistency of Ence’s management. In a context such as Europe, in which regulations on greenhouse gas emissions are increasingly demanding, it is worth highlighting the company’s commitment to the installation of photovoltaic generation and to operational improvements that promote the stability of processes and therefore reduce the demand for auxiliary fossil fuels. Sustainalitycs also highlights the greenhouse gas emission reduction program applied by Ence.
Sustainability is a fundamental pillar for Ence, fully incorporated into its vision of the activity that the company carries out in the pulp sector – completely aligned with the circular economy and the bioeconomy – and in the renewable energy sector. The company also conceives sustainability as synonymous with competitiveness and works to contribute, with its activity, to green recovery, energy transition and decarbonisation.
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