With our sustainable financial instruments, we contribute to the achievement of global sustainability goals.

We actively contribute to the public debate on sustainable finance and engage in dialogue with leading sustainability rating agencies. Our sustainable financial instruments underpin our corporate strategy to develop into a sustainable and innovative infrastructure partner.

ESG ratings

EnBW is regularly rated in the areas of sustainability and finance by various rating agencies.

We liaise closely with leading sustainability rating agencies and incorporate their analyses and assessments of our corporate strategy, situation and prospects in our decision-making. We seek to continuously improve our ratings with recognized agencies in the field of sustainability. In this way, we aim to strengthen our positioning as a responsible and sustainable company and also appeal to financial investors whose investment decisions are wholly or partly based on sustainability criteria.

EnBW ESG ratings

CDP | A- (Leadership)

In the CDP Climate Change rating, we were assessed with a score of A- in 2023 (scale A to D-). We thus achieved Leadership level. In 2023, we also took part in the CDP Water Security rating for the first time and achieved a score of C (scale A to D-) for Awareness level.

Further information

CDP Climate Change 2023 (in English)

CDP Water Security 2023 (in English)

ISS ESG I B (Prime Status)

In the ISS ESG Rating, we were awarded a score of B in 2024 (scale A+ to D-). We are thus among the top 10 % in our sector “Multi Utilities” and continue to be awarded Prime Status.

Further information

MSCI | AA (Leader)

In 2024, we were assessed with a score of AA (leader) in the MSCI ESG Rating. EnBW thus achieved an above-average result in the "Utilities" sector.

Further information

Sustainalytics I 24.1 (Medium Risk)

In the Sustainalytics ESG Risk Rating, we currently achieve (update 15th of November 2024) a score of 24.1 (scale 0 to 40+). This means we are rated „Medium Risk".

Further information

EnBW rating history

CDP	ISS ESG	MSCI	Sustainalytics⁰Scores until 2019 based on the Sustainalytics ESG Rating methodology, which was replaced by the Sustainalytics Risk Rating in 2020.
CDP B (2022)	ISS ESG B (2023)	MSCI A (2023)	Sustainalytics⁰Scores until 2019 based on the Sustainalytics ESG Rating methodology, which was replaced by the Sustainalytics Risk Rating in 2020. 30.2 (2023)
CDP B (2021)	ISS ESG B (2022)	MSCI A (2022)	Sustainalytics⁰Scores until 2019 based on the Sustainalytics ESG Rating methodology, which was replaced by the Sustainalytics Risk Rating in 2020. 27.7 (2022)
CDP A (2020)	ISS ESG B (2021)	MSCI A (2021)	Sustainalytics⁰Scores until 2019 based on the Sustainalytics ESG Rating methodology, which was replaced by the Sustainalytics Risk Rating in 2020. 31.0 (2021)
CDP B (2019)	ISS ESG B- (2020)	MSCI AA (2020)	Sustainalytics⁰Scores until 2019 based on the Sustainalytics ESG Rating methodology, which was replaced by the Sustainalytics Risk Rating in 2020. 32.8 (2020)⁰Scores until 2019 based on the Sustainalytics ESG Rating methodology, which was replaced by the Sustainalytics Risk Rating in 2020.
CDP B (2018)	ISS ESG B- (2019)	MSCI AA (2019)	Sustainalytics⁰Scores until 2019 based on the Sustainalytics ESG Rating methodology, which was replaced by the Sustainalytics Risk Rating in 2020. 77 (2019)

Sustainability management

Here you can find full information on our sustainability management.

Sustainability reporting

Here you can find full information on our sustainability reporting.

Sustainability guidelines

Here you can find an overview of our sustainability guidelines.

Sustainable finance

ESG ratings

EnBW ESG ratings

EnBW rating history