Cepsa achieved global leadership in its sector in the S&P sustainability rating

The company has achieved success 74 points out of 100This means a three-point improvement compared to the 71 points achieved in 2022 and a ten-point improvement compared to the 64 points achieved in 2021. This significant increase makes Cepsa stand out as the company that increased its score the most in the sector last year and is recognized as the ‘Industry Carrier’ by the ratings. This success becomes even more meaningful when the development of the companies in the sector is taken into account in this evaluation, as the companies in the top 20 in the sector experienced an average decrease of more than three points last year.

According to this Carmen de PabloCepsa CFO and Director of Strategy and Sustainability: “We have an ambition to manage our transformation within the framework of best ESG business practices, because this is the right way to achieve our 2030 goal of becoming a benchmark in the energy transition and creating positive impacts across all our interest groups. Leadership in independent assessors such as S&P Global position encourages us to be even more demanding and We continue to move towards a greener, fairer and more sustainable future”.

In the analysis of more than 1,000 sustainability indicators, Cepsa received the best score in its sector on basic issues such as climate strategy, risk and crisis management, and environmental management. Factors contributing positively to this rating include the company’s aim to become a reference in Europe in the energy transition, which is also reflected in its ‘Positive Action’ strategy to pioneer sustainable mobility and the production of green hydrogen and biofuels by 2030. 2 G.

Other initiatives that contribute to this result are the review and approval of corporate policies by the Board of Directors, best market practicesIt follows the highest of the initiatives published in the 2022 Integrated Management Report, alongside the publication of the ‘Driving Positive Impact’ Sustainability Plan, which sets out ambitious commitments in terms of efficient water collection, circular economy and diversity, among other things, as well as reporting standards.

Likewise, issues such as the inclusion of ESG criteria in the variable remuneration of the company’s management team and employees, the positive trend in relevant sustainability metrics in recent years or the accessible publication of the results of environmental impact studies and the analysis of environmental impacts and dependencies are also addressed. biodiversity highlights Cepsa’s transparency, integrity and sustainable approach.

Cepsa is a benchmark for the most relevant ESG ratings globally

Each year, the company is evaluated through different ratings that are considered among the most relevant by the financial community worldwide and measure its commitments, initiatives, development of metrics, level of reporting and discussions in terms of ESG. In addition to the results announced by S&P Global CSA, in Moody’s evaluation, the company It made significant progress by scoring 65 points in 2023, exceeding the 61 points achieved in 2022 and ranking among the top 3 in its sector in Europe..

At the same time, Sustainalytics4 maintains its leadership position and ‘Industry Favorite’ badge in the energy sector for the third year in a row. On behalf of Clarity AI5, a sustainability technology company that uses machine learning and big data to deliver ESG insights to stakeholders, positions Cepsa as the best-scored company in its industry. Finally, EcoVadis6 awarded Cepsa a gold medal, placing it in the top 3% of companies worldwide; This is a benchmark rating that companies use to assess the sustainability of their supply chains.