GEA Recognized for its Climate and Water Security Efforts

For its work to prevent climate change and efforts to ensure water security, .German manufacturer GEA Group has been awarded two A ratings in the 2021 A list from German NGO CDP.

CDP is a nonprofit charity that runs a global disclosure system to help investors, companies, cities, states and regions manage their environmental impact in a number of areas, including climate change, water security and forests. The global 2021 A list includes more than 270 companies across the three categories, with 200 of them having been certified for their climate work.

GEA manufactures energy-efficient refrigeration equipment and heat pumps using natural refrigerants like ammonia/NH₃ (R717).

“This achievement puts GEA in second place among the top 14 German companies on CDP's A List and above both the Europe and regional sector averages,” GEA said in a statement. GEA retained its 2020 A rating for its water management efforts and improved from an A- to A in its climate efforts.

“I am very proud that our efforts in engineering for a better world are being recognized by such a prestigious organization,” said Stefan Klebert, CEO of GEA. “This gives us additional motivation to continue on our sustainable path and to reach our net-zero ambition by 2040.”

“I would like to thank all our employees for their continuous efforts in reducing our emissions and responsibly managing water resources," Klebert added.

GEA’s efforts to minimize its effect on the climate includes a net-zero commitment along its entire value chain by 2040, with an interim target of a 60% reduction in 2030.

Endorsed by the UN

CDP’s disclosure work has been endorsed by the UN, with the organization quoting former Secretary General Ban Ki-moon as saying, “the work of CDP is crucial to the success of global business in the 21st century, helping persuade companies throughout the world to measure, manage, disclose and ultimately reduce their greenhouse gas emissions.”

“No other organization is gathering this type of corporate climate change data and providing it to the marketplace,” Ban added.

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