ORLEN earns high global environmental rating
The ORLEN Group has achieved a strong rating in an independent global environmental assessment conducted by the CDP, an environmental rating organisation. The company received a ‘B’ score in the Climate category, a significant improvement from previous years when it was rated ‘D’. This leap in performance underscores ORLEN’s awareness of its influence on the planet and commitment to systematically mitigate its environmental impacts.
Environmental and climate impact management is among the key areas of interest for investors, banks, and insurers. To properly assess a company’s growth potential, these institutions rely on various sources of information, including independent assessments that evaluate the entity's progress in sustainable development (ESG) in terms of both reporting and actual performance in this area.
CDP operates a global platform that collects data for investors, companies, cities, states, and regions to help them manage their environmental impacts. It is recognised as one of the most credible organisations providing rankings in this field. The ratings prepared based on CDP's reports assess transparency in data disclosures regarding climate impact and efforts to mitigate adverse effects.
The ‘B’ score in the Climate category demonstrates that ORLEN is fully aware of its environmental footprint and is taking coordinated environmental management measures, including actions that contribute to the decarbonisation of its operations and climate change mitigation. These efforts align with ORLEN Group’s goal of achieving carbon neutrality by 2050.
ORLEN’s improved rating compared to previous years was made possible by more comprehensive and expedited emissions reporting across all three scopes, setting and meeting ambitious decarbonisation targets, and implementing a Climate Policy alongside effective climate management practices.
CDP applies an independent methodology to all reporting entities, assigning scores on a scale from ‘A’ (the highest) to ‘D’ (the lowest). The scores are based on the completeness of disclosed data, knowledge and management of environmental risks, and the adoption of best practices for setting and achieving ambitious goals.
The organisation manages a global environmental database with information provided by nearly 25 thousand institutions worldwide, representing two-thirds of global market capitalisation, as well as over 11 thousand local governments that disclosed their environmental data through CDP’s dedicated questionnaire.
