Neptune Energy announced it has been awarded a platinum medal from the environment, social, and governance (ESG) ratings organisation, EcoVadis.

The score places Neptune in the top 1% of more than 100,000 global companies assessed by the organisation.

EcoVadis assesses companies’ policies, actions, and performance in four key areas: environment, labour and human rights, ethics, and sustainable procurement. The first two areas have the greatest influence on a company’s ESG rating.

The platinum medal award – the highest rating available from EcoVadis – follows Neptune’s best-ever ESG rating by Sustainalytics in April this year.

Neptune Energy’s CEO, Pete Jones, said: ”Receiving our highest ever ESG rating from EcoVadis is a testament to how we are delivering against our ESG strategy, including progressing our lower carbon strategy, strengthening our human rights due diligence, and building the skills of our workforce to support the energy transition.

"Year-on-year, we have improved our ESG performance and disclosures, as demonstrated by our progressively stronger ratings by both EcoVadis and Sustainalytics.”

Each year, Neptune carries out a materiality assessment to identify the ESG issues that are most important for its stakeholders and that have the greatest impact on its business. This informs the company’s ESG strategy and target-setting in alignment with the United Nations’ Sustainable Development Goals.

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Source: Neptune Energy