Wintershall Dea Rated Among the Best Industry Performers in ESG Risk Rating by Sustainalytics
Wintershall Dea, Europe’s leading independent natural gas and oil company, has announced the latest ESG risk rating update performed by Sustainalytics*.
Following the annual rating review, Wintershall Dea’s ESG Risk Rating improved to 25.3 from 28.3 the year earlier, placing it firmly in the medium risk category. The company belongs to the 4th percentile of the industry group Oil & Gas Producers and 5th percentile of the subindustry category Oil and Gas E&P according to Sustainalytics ESG Risk Ratings.
Wintershall Dea commits to explore and produce gas and oil in the most efficient and responsible way. We constantly minimize our ecological footprint, using resources efficiently, enforcing high standards in all we do, creating trust through transparency and engaging actively with stakeholders.
Sustainalytics’ ESG Risk Rating measures the degree to which a company’s economic value is at risk driven by ESG factors. Their analysis shows that Wintershall Dea performs well within the peer group in minimizing material ESG risks through implementation of best practice policies and coherent management approach. Wintershall Dea's management of sustainability is evaluated as “strong” by Sustainalytics.
*Sustainalytics is a leading independent ESG and corporate governance research provider, ratings and analytics firm that supports investors around the world with the development and implementation of responsible investment strategies.
About Wintershall Dea
Wintershall Dea is Europe’s leading independent natural gas and oil company with more than 120 years of experience as an operator and project partner along the entire E&P value chain. The company with German roots and headquarters in Kassel and Hamburg explores for and produces gas and oil in 13 countries worldwide in an efficient and responsible manner. With activities in Europe, Russia, Latin America and the MENA region (Middle East & North Africa), Wintershall Dea has a global upstream portfolio and, with its participation in natural gas transport, is also active in the midstream business. More in our Annual Report.
As a European gas and oil company, we support the EU's 2050 carbon neutrality target. As our contribution we have set ourselves ambitious targets: We want to be net zero across our entire upstream operations – both operated and non-operated – by 2030. This includes Scope 1 (direct) and Scope 2 (indirect) greenhouse gas emissions on an equity share basis. In addition Wintershall Dea will bring methane emissions intensity below 0.1 per cent by 2025 and maintain zero routine flaring of associated gas in its operations. The climate goals are to be achieved through portfolio optimisation, emissions reduction through more energy efficiency, investments in nature-based compensation solutions and in future technologies such as hydrogen and CCS. You can find more about this in our Sustainability Report.
Wintershall Dea was formed from the merger of Wintershall Holding GmbH and DEA Deutsche Erdoel AG, in 2019. Today, the company employs around 2,500 people worldwide from over 60 nations.