Galata Wind Energy receives A1 (‘Advanced’) Sustainability Rating from Moody’s ESG Solutions

Galata Wind Enerji A.Ş. has received an A1 (‘Advanced’) Sustainability Rating from Moody’s ESG Solutions, with an increased environmental, social and governance (ESG) score of 60/100, up from 57/100. In its report, Moody’s ESG Solutions stated that Galata Wind Enerji A.Ş. exhibits an ‘Advanced’ performance in human capital and operational efficiency issues, as well as a strong desire and capacity to integrate ESG factors into its strategy.

Galata Wind Enerji A.Ş., an affiliate of Doğan Holding which generates 100% clean and renewable electricity from wind and solar, received an A1 (‘Advanced’) Sustainability Rating from Moody's ESG Solutions with an ESG score of 60/100, up 3 points from 57/100. This ‘Advanced’ Sustainability Rating demonstrates Galata Wind's rapid advancement towards its 2030 sustainability goals of reducing its carbon footprint, improving health and safety policies for employees, and creating a trust-based corporate culture that supports innovation and social responsibility. Thanks to its ever stronger global sustainability perspective, Galata Wind plays an important role in economic growth and sustainability of the economy with clean energy.

Moody’s ESG Solutions’ report states that “Galata Wind Energy's energy mix (100% renewable) and the company's commitment to generate only renewable energy, contributes highly in UN Sustainable Development Goals 7 (Accessible and Clean Energy), 12 (Responsible Production and Consumption) and 13 (Climate Action)”. Moody’s assessment also concludes that Galata Wind exhibits a ‘Robust’ to ‘Advanced’ performance in human capital, reputation and operational efficiency issues, as well as a strong desire and capacity to integrate ESG factors into its strategy.

Moody’s ESG Solutions’ Sustainability Rating assesses the nature of the most material ESG factors, and their strategic and operational integration within Galata Wind Energy, as well as the company’s ability to identify and mitigate risks, including:

• The social and environmental impact of the company's products and services, its future-oriented strategy, and its ability to invest in and create sustainable value.
• Its capacity to identify and mitigate ESG risks (including reputation, human capital, operational and organizational efficiency)
• Its efforts to preserve and increase the value of its strategic assets
• The issues related to social responsibility including the balance and dynamics of stakeholder relations of the company.

ESG scores help inform investors, asset managers and other relevant stakeholders

Companies' ESG performance determines how much they consider and apply these criteria in their corporate strategies, production, investments and policies. The fact that financial institutions provide funds to a company by considering its ESG scores during the investment research process further underlines the importance of this evaluation score announced by Moody's ESG Solutions.

Prev Next