ESG ratings and reports

In Danfoss, we are on a continuous sustainability journey. Throughout it, we are committed to responsible environmental, social, and governance (ESG) actions. To be transparent and accountable to our employees and the public, we make reports, policies, and procedures, and other documents available on our website. Find reports and documents by using the links below.

Sustainability reports  l   CDP reports  l GRI Content Index l ESG ratings  

Environmental

We work to prevent pollution and manage our use of resources efficiently to minimize the environmental impact of our activities. We apply preventive measures and a risk-based approach to ensure continuous improvement of our environmental performance. On our product compliance page you will find policies and positions papers in relation to our environmental impact.

Social

Danfoss’ foundation is our high-performing, and diverse teams. The Danfoss DNA and Behaviors are part of our foundation and safeguard the essence of Danfoss. They determine what we do and how we act. For more information, find our Ethics handbook, Modern Slavery Act Statement, and our ethics hotline on our ethics and human rights page.

Governance

Our policies on business conduct ensure that our efforts are ethical and systematic, supported by documented procedures, and governed by strong accountability and responsibility for action. We recognize that we do not only carry a responsibility for our own processes, but we can also affect those we cooperate with. Visit our supplier requirements to find Supplier Quality Manual and other relevant documents.

GRI Content index

Global Reporting Initiative (GRI) is an independent, international organization that delivers widely used standards for harmonized corporate sustainability reporting. Danfoss has reported the information cited in this GRI content index for the period January 1, 2022 – December 31, 2022 with reference to the GRI Standards. 

• GRI Content Index Report 2022

ESG ratings

Danfoss is regularly assessed by rating agencies on our ESG performance. Below is the list of ESG ratings and rankings that Danfoss discloses towards.

Carbon Disclosure Project
CDP is a global disclosure system for investors, companies, cities, states, and regions to manage environmental impacts. In 2022, we improved our rating and achieved the B score on a scale from D- to A. Our CDP report is publicly available, and we aim to further improve our rating.  

Sustainalytics
Sustainalytics is a global leader in research and ratings, specifically measuring companies’ exposure to ESG risks and how well they manage them on a scale from 1-100. Danfoss is with a risk rating of 23.3 ranked as 81st among 561 within our industry.

Ecovadis
EcoVadis is a global collaborative platform providing sustainability ratings for procurers. Danfoss has been awarded a silver medal as a recognition of being among the top 7% of companies rated by EcoVadis in the Manufacture of general-purpose machinery industry.

Moody’s ESG Solutions
Moody’s ESG Solutions is committed to producing superior ESG insights that empower organizations to better understand ESG performance and make better decisions. On par with previous years, Danfoss scored a 38/100, ranking as 21st among 51 companies within the sector Industrial Goods & Services.  

Our positions and policies

• ESG materiality assessment 2022
• ESG policies 2022
• Danfoss Policies on Business Conduct

This document includes policies on these topics: 

Environment, Health, and Safety  
Health & Wellbeing  
People  
Quality  
Human Rights  
Ethics and Compliance  
Sustainability  
Product Compliance  

• Supplier requirements
• Danfoss Code of Conduct for suppliers
• Policies and relevant documents on product compliance
• Policies and relevant documents on ethics and human rights