Redacción Alabrent
The ESG Risk Ratings by Sustainalytics measures a company's performance in terms of sustainability by evaluating exposure to material ESG (environmental, social, and governance) risks and how the Company manages those risks.Navigator ranks 5th among a list of 79 global companies assessed by Sustainalytics in the Paper & Forestry industry cluster and 4th in the subset of 62 global companies in the Paper & Pulp cluster.
The Navigator Company's rating and its high position in this ranking are a result of the company's ongoing work to integrate sustainability as a priority in its business model, demonstrating its ability to anticipate and manage ESG risk in its day-to-day activities.
The Navigator Company requested an ESG Risk Rating from Sustainalytics in preparation for the launch of Portugal's first green Commercial Paper (worth €65 million) through the contract signed with BBVA in 2019; the financial conditions of the contract are linked to the sustainability score obtained by the company and are subject to annual review.
The Navigator Company is the only Portuguese company on the Executive Committee of the World Business Council for Sustainable Development (WBCSD), a key organisation globally for sustainability that brings together some of the world's biggest companies.
in January 2020, The Navigator Company was recognised by the Carbon Disclosure Project (CDP) as a global leader in corporate action on climate and achieved an important place in the organisation's A-list for climate change.