Annual Report 2020

Benchmark for continuous improvements

Each year, we externally benchmark and evaluate our CSR strategy and ESG performance. This is an important part of our efforts to continuously evolve and improve our sustainable growth.

Sustainalytics, the leading independent global provider of ESG and corporate governance research and ratings, has rated our overall related strategy and performance and defined GrandVision as low risk to experience material financial impacts from ESG factors. This can be credited to our low exposure and strong management of related material issues. We are positioned as an overall ESG leader in our industry and sub-industry, and rank very high as number 331 of 13,026 companies in the participating global network.

Our strong ESG performance has also been beneficial for GrandVision's financial position, as it facilitated our sustainability linked credit facility, which brought us financial savings. Our Sustainalytics score is tied to our Sustainability Linked Loan. This is a financing feature used to incentivize borrowers’ commitments to sustainability and support environmentally and socially sustainable economic activity and growth.

Additionally, our environmental performance and response to climate change-related issues are evaluated by the Carbon Disclosure Project (CDP). It is a not-for-profit organization that runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. CDP organizes an annual benchmark for companies, governments and cities and more, based on their environmental performance and reporting. In 2020, there were more than 9,500 participants.

Our current CDP score is 'B' on a scale of 'A' to 'F,' which places us in the 'Management' rating. Our high rating highlights that GrandVision is recognized for taking coordinated action on climate issues. Our 'B' score is higher than the 'Europe regional' and the 'Discretionary' retail sector, which both averaged a 'C' rating.

GrandVision is also featured in the FTSE4Good Index Series, which measures the performance of companies that demonstrate strong ESG practices. Transparent management and clearly-defined criteria make FTSE4Good indexes suitable tools that are used by a wide variety of market participants to create or assess sustainable investment products.