MSCI Upgrades Energy Recovery’s ESG Rating to AAA

Published on:
by KnowESG
KnowESG_Energy Recovery's MSCI ESG ratings upgraded
Image courtesy of Energy Recovery

Energy Recovery, Inc. announced that MSCI upgraded the company from an AA rating to its highest rating of AAA in its latest environmental, social, and governance (ESG) assessment completed on July 4, 2023.

MSCI’s evaluation recognises Energy Recovery as one of the highest-performing companies within the Industrial Machinery industry in MSCI’s All Company World Index, reflecting robust corporate governance and labor management practices and significant opportunities in clean technology.

MSCI uses a rules-based methodology to measure companies’ management of financially relevant ESG risks and opportunities based on key sector-specific issues. Companies are evaluated based on their exposure to ESG risks and how risk is managed relative to peers. Ratings range from AAA (leader) to CCC (laggard).

The recognition comes just three years after the company was initially rated BBB by MSCI, showcasing the company’s consistent and rapid improvements across core metrics.

“Sustainability and resilience have always been central to our business, from the technologies we develop for customers to the various ways we manage our day-to-day operations,” said Robert Mao, Chairman of the Board, President, and Chief Executive Officer of Energy Recovery. “This independent recognition of our work is welcome, and we are excited about what the future holds for us as we continue to expand our pressure exchanger technology into new industries.”

MSCI ESG Research provides in-depth research, ratings, and analysis of thousands of companies to provide insights to institutional investors. Learn more about MSCI here.

For more investor-related news

To view and compare company ESG Ratings and Sustainability Reports across sectors, follow our Company ESG Profiles page.

Source: Energy Recovery


Investors Headlines

Agtech Leader Cropin Becomes B Corp

Agtech Leader Cropin Becomes B Corp

Westlake Epoxy Gets ISCC PLUS in Duisburg

Westlake Epoxy Gets ISCC PLUS in Duisburg

Ecovyst Earns EcoVadis Top Sustainability Rating

Global Pharma Giant Joins Sustainability List

Global Leaders Gather to Talk ESG, Geopolitcs and AI at 0100 Conference Europe 2024

Velo Roastery Earns B Corp Accreditation

La-Z-Boy Publishes 2023 Sustainability Report

Mitie Gets 'A List' Status on CDP for Carbon Reporting

Ecobat Achieves EcoVadis Gold for Sustainability

Natural Grocers® Publishes 2023 ESG Report