PRESS RELEASE : ENCAVIS AG is committed to the ten principles of the UN Global Compact - as part of its sustainability offensive

 
 DGAP-News: ENCAVIS AG / Key word(s): Sustainability/Strategic Company 
Decision 
ENCAVIS AG is committed to the ten principles of the UN Global Compact - as 
part of its sustainability offensive 
 
2020-12-01 / 07:02 
The issuer is solely responsible for the content of this announcement. 
 
Corporate News 
 
*ENCAVIS is committed to the ten principles of the UN Global Compact - as 
part of its sustainability offensive* 
 
Hamburg, December 1, 2020 - SDAX-listed wind and solar park operator Encavis 
AG (Prime Standard, ISIN: DE0006095003) is joining the United Nations' 
sustainability network - the United Nations Global Compact. Thus, 
considerably advancing its recently launched sustainability offensive. 
 
As one of the largest independent solar park operators in Europe, Encavis is 
already an active player in shaping the energy transition. The Company 
operates wind and solar parks with an annual power generation capacity of 
over 2.5 GW - yearly saving over 900,000 tons of CO2. 
 
By joining the UN Global Compact, Encavis now also formally commits to the 
values of the world's largest initiative for corporate social responsibility 
and thus commits to ten universal principles concerning human rights, labour 
standards, environment and climate as well as the prevention of corruption. 
Worldwide around 15,000 organizations have already joined this initiative. 
 
"Our business model on the one hand, which has always been aligned towards 
sustainability, and our ongoing sustainability efforts on the other hand, 
once again are strengthening our commitment towards a fair, social and 
ecologically leading company. Joining the UN Global Compact is only the 
formal confirmation of these efforts," Dr Dierk Paskert, CEO of Encavis AG, 
comments the Company's membership. 
 
Encavis AG has already positive, independent ESG ratings from two rating 
agencies, ISS ESG and MSCI ESG. "We are confident that our sustainability 
efforts will be rewarded by the labour market as well as the capital and 
financial markets and that we will be able to further improve these ESG 
ratings", Dr Christoph Husmann, CFO of Encavis AG, confidently looks into 
the future. 
 
Encavis has set out to analyse its company structures and to further 
optimize them. Sustainability in all its variety is to be integrated into 
operational and strategic business processes. In accordance with the 
requirements of the UN Global Compact, Encavis will report annually on 
progress within the ten sustainability principles and will also orientate 
itself towards other important national and international sustainability 
standards. 
 
The ten principles of the UN Global Compact at a glance: 
 
*Human Rights* 
 
1. Businesses should support and respect the protection of internationally 
proclaimed human rights 
2. Businesses should assure that they are not complicit in human rights 
abuse 
 
*Labour* 
 
3. Businesses should uphold the freedom of association and the effective 
recognition of the right to collective bargaining 
4. Businesses should eliminate all forms of forced and compulsory labour 
5. Businesses should support effective abolition of child labour 
6. Businesses should encourage the elimination of discrimination in respect 
of employment and occupation 
 
*Environment* 
 
7. Businesses should support a precautionary approach to environmental 
challenges 
8. Businesses should undertake initiatives to promote greater environmental 
responsibility 
9. Businesses should encourage the development and diffusion of 
environmentally friendly technologies 
 
*Anti-Corruption* 
 
10. Businesses should work against corruption in all its forms, including 
extortion and bribery 
 
Additional information may be found here: www.globalcompact.de [1] 
 
*About ENCAVIS:* 
 
Encavis AG (Prime Standard; ISIN: DE0006095003 / WKN: 609500) is a producer 
of electricity from renewable sources listed on the SDAX of Deutsche Börse 
AG. As one of the leading independent power producers (IPPs) Encavis 
acquires and operates solar parks and (onshore) wind farms in ten European 
countries. The plants for sustainable energy generation generate stable 
yields through guaranteed feed-in tariffs (FIT) or long-term power purchase 
agreements (PPA). Within the Encavis Group, Encavis Asset Management AG 
specializes on institutional investors. 
 
Encavis AG's environmental, social and governance performance has been rated 
by ISS ESG and MSCI ESG, two of the world's leading ESG research and rating 
agencies and received the ISS ESG Prime-Label und MSCI Rating A. 
 
Further information on the company can be found at www.encavis.com 
 
*Contact:* 
*Encavis AG* 
 
Jörg Peters 
Head of Investor Relations & Public Relations 
 
Tel.: + 49 40 37 85 62 242 
E-Mail: [e-mail] 
http://www.encavis.com 
Twitter: https://twitter.com/encavis 
 
2020-12-01 Dissemination of a Corporate News, transmitted by DGAP - a 
service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
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Language:    English 
Company:     ENCAVIS AG 
             Große Elbstraße 59 
             22767 Hamburg 
             Germany 
Phone:       [phone] 
Fax:         [phone] 
E-mail:      [e-mail] 
Internet:    https://www.encavis.com 
ISIN:        DE0006095003 
WKN:         609500 
Indices:     SDAX 
Listed:      Regulated Market in Frankfurt (Prime Standard), Hamburg; 
             Regulated Unofficial Market in Berlin, Dusseldorf, Munich, 
             Stuttgart, Tradegate Exchange 
EQS News ID: 1151704 
 
End of News DGAP News Service 
 
1151704 2020-12-01 
 
 
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(END) Dow Jones Newswires

December 01, 2020 01:02 ET (06:02 GMT)