Midsummer receives good ratings for its environmental focus according to Sustainalytics ESG Risk Rating
Sustainalytics, a leading provider of ESG (Environmental, Social and Governance) and corporate governance research, ratings and analysis, places Midsummer AB (Stockholm, Sweden), developer and supplier of advanced solar energy technology solutions, in the top quarter of semiconductor companies from around the world thanks to the company’s splendid environmental focus.
Sustainalytics places Midsummer in 46th position out of 220 semiconductor companies from around the world. ”We find it positive for us as a “pure-play” clean tech company to receive an ESG rating as it is a natural part of our business,” said Sven Lindström, CEO of Midsummer AB. ”We note that our rating shows that Midsummer’s risk factors are lower (a low value is good = low risk) than the industry average.”
The ratings are designed to help investors identify and understand financially material ESG-related risks within their investment portfolios and how they might affect long-term investment performance.
“We are particularly pleased with the good rating for our environmental focus, with low risk for the product and the employees’ safety and environment, which shows the focus we have on the environment,” Sven Lindström continues. “With our continuous work for improvements we are certain to climb even higher in the ratings in the near future.”
Caption: Flexible lightweight solar panels from Midsummer (photo: Midsummer AB)