RATINGS AND MEMBERSHIPS
CDP CLIMATE RATING
In 2024, Kongsberg Automotive (KA) participated in the international organization CDP’s climate rating project, for the eighth time. Every year, CDP analyzes several thousand companies worldwide regarding their strategic approach to the challenges of climate change and rates their climate management activities based on a comprehensive list of criteria.
KA was awarded with a C (“Awareness”) in the Climate Change 2024 rating, confirming that the company has knowledge on its environmental impacts. CDP awards company ratings from A (“Leadership”) to D (“Disclosure”).
By taking part in the CDP rating, KA aims to further develop its CO2 reporting and climate management based on recognized standards. At the same time, the company is responding to calls from customers and investors for greater transparency and comparability in its reporting on CO2 emissions and is also demonstrating its progress in climate management.
CDP Water Security
In 2024 Kongsberg Automotive has participated for the first time in CDP’s water security rating. Similar to the climate rating analysis CDP the strategic approach of thousands of companies regarding water risks, opportunities and impacts.
KA was awarded with a C level (“Awareness”) in the Water Security 2024 rating.
ABOUT CDP
CDP is a not-for-profit charity that runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. The world’s economy looks to CDP as the gold standard of environmental reporting with the richest and most comprehensive dataset on corporate and city action.
More about CDP
ECOVADIS SUSTAINABILITY ASSESSMENT
KA has already voluntarily undergone several EcoVadis assessments. In its March 2023 assessment KA was awarded 53 points (“Advanced rating”) and thereby reached bronze status. The assessment results are shared with the company`s customers via the EcoVadis platform.
ABOUT ECOVADIS
EcoVadis is an international independent provider of sustainability assessments. The rating agency reviews and assesses the performance of companies in four different categories: environment, labor practices, fair business practices and sustainable procurement. EcoVadis evaluates several thousand companies every year in this way, in more than 200 different industrial sectors in over 175 countries. More than 100,000 companies use EcoVadis to reduce risk, drive innovation and foster transparency and trust between trading partners.