Our ESG benchmark recognitions
Each year, we externally benchmark and evaluate our CSR strategy and ESG performance. This is an important part of our efforts to continuously evolve and improve our sustainable growth.
Sustainalytics, the leading independent global provider of ESG and corporate governance research and ratings, has rated our overall related strategy and performance and defined GrandVision as low risk to experience material financial impacts from ESG factors. This can be credited to our low exposure and strong management of related material issues. We are positioned as an overall ESG leader in our industry and sub-industry, and rank very high among the thousands of companies in the participating global network.
- Overall ESG score (as of April 2021): 85
- Relative position: #1 out of 136 (leader)
- Low ESG risk rating: 11.2
- Rank in Specialty Retail group: #1 out of 68
- Rank in Overall Retail Industry group: #10 out of 464
- Rank in "Global Universe": #212 out of 13,134
Our strong ESG performance has also been beneficial for GrandVision's financial position, as it facilitated our sustainability linked credit facility, which brought us financial savings. Our Sustainalytics score is tied to our Sustainability Linked Loan. This is a financing feature used to incentivize borrowers’ commitments to sustainability and support environmentally and socially sustainable economic activity and growth.
Additionally, our environmental performance and response to climate change-related issues are evaluated by the Carbon Disclosure Project (CDP). It is a not-for-profit organization that runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. CDP organizes an annual benchmark for companies, governments and cities and more, based on their environmental performance and reporting.
- Current score (as of December 2020): B ("Management band" level)
- This is higher than the Europe regional average of C, and higher than the Discretionary retail sector average of C
GrandVision also has a leading position in the Dutch Tax Transparency Benchmark (VBDO). Participation in this benchmark reflects our efforts to pursue a transparent and responsible tax strategy across all countries where we have a presence.
- Current ranking: Top 10%; #5 out of 77 participating companies
- Total score: 25 out of 35 points
And, GrandVision is featured in the FTSE4Good Index Series, which measures the performance of companies that demonstrate strong ESG practices. Transparent management and clearly-defined criteria make FTSE4Good indexes suitable tools that are used by a wide variety of market participants to create or assess sustainable investment products.