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.

Reports  l   CDP reports  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, diverse teams. The Danfoss DNA and Our Behaviors are also part of our foundation safeguarding Danfoss. Our Behaviors describe our way of doing things as an employee in Danfoss. For more information, find our Ethics handbook, Modern Slavery Act Statement, and our ethics hotline on our page for ethics and human rights.

Governance

It is important for Danfoss to act responsibly. 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.

CDP reports

Danfoss has reported the company’s carbon emissions to Carbon Disclosure Project since 2009.

Climate Change:

Water Security:

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. We maintain a C rating on a scale from D- to A. Our CDP report is publicly available, and we aim to achieve the B rating in 2022.

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 23.5 ranked as 32nd among 384 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 4% 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 14th among 49 within the sector Industrial Goods & Services.