In June 2022, Galata Wind Enerji A.Ş., a Doğan Holding company that generates 100% clean and renewable wind and solar electricity, received an ESG Risk Rating of 19.9 and was assessed by Sustainalytics, a leading independent ESG research, ratings and data firm, to be at “Low” risk of experiencing material financial impacts from ESG (Environmental, Social, Governance) factors. According to the report, Galata Wind generated 84.6% of its revenues from wind energy sales and 11.5% from solar energy generation in 2021 FY. The report also highlighted that the efficiency and performance of Galata Wind’s wind and solar power plants are driven by its experienced leadership team and qualified technical staff.
Sustainalytics’ ESG Risk Ratings measure a company’s exposure to industry-specific material ESG risks and how well a company is managing those risks. This multi-dimensional way of measuring ESG risk combines the concepts of management and exposure to arrive at an assessment of ESG risk, i.e. a total unmanaged ESG risk score or the ESG Risk Rating, that is comparable across all industries. Sustainalytics’ ESG Risk Ratings provide a quantitative measure of unmanaged ESG risk and distinguish between five levels of risk: negligible, low, medium, high and severe. Learn more about the ESG Risk Ratings https://www.sustainalytics.com/esg-ratings.
Based on all the assessments, the report concluded that Galata Wind A.Ş. is compliant with best ESG governance practices, has board-level oversight on ESG aspects, and is at “Low” risk of experiencing material financial impacts from ESG factors in the “Low Risk” category with a rating of 19.9.
With an ESG (Environmental, Social, Governance) rating of 19.9, Galata Wind A.Ş. is fast on track toward reaching its 2030 sustainability goals, which include reducing its carbon footprint and building a trusted corporate culture based on occupational health and safety policies, supply chain management, innovation, and promoting social responsibility. Galata Wind continues to take a more active role in economic growth with its increasingly stronger global sustainability approach, leading the way in ‘clean energy’.