ESG Ratings

Rated B by CDP

For our 2025 disclosure, CDP (Carbon Disclosure Project) gave us a B rating for the fourth consecutive year for the Climate Change section. This places us in CDP’s ‘Management’ tier, demonstrating that we are taking coordinated action on environmental issues. This includes having, amongst other things, sound environmental policies and governance, implementation of reduction or mitigation measures, and demonstration of progress.

CDP focuses predominantly on environmental transparency, especially towards climate change, whereby companies respond to detailed questionnaires, which CDP then scores them on the quality and completeness of the disclosure. As the name suggests, CDP emphasises the importance of a company’s carbon emissions, designing actionable reduction targets, and the progress towards achieving those targets.

See the full details of our latest disclosure on the CDP website.

Rated A by MSCI

We are currently rated A, as part of the construction and engineering industry, for the fourth consecutive year. This demonstrates we are above average in our environmental management compared to our industry peers.

MSCI focuses on financially material issues that are most likely to affect things such as a company’s valuation, capital expenditure, or long-term competitiveness. For example, amongst other things, MSCI models how something like a future carbon tax could affect a company’s margins. They will provide ratings from CCC to AAA.

Sustainalytics score of 13.7

Sustainalytics’ approach calculates an ESG Risk Score based on a company’s exposure to ESG issues, and how much of that exposure is unmanaged. For example, Sustainalytics will identify the total exposure to environmental risks a company faces, to what extent those risks are managed or unmanaged by the company, and how much of that risk is unmanageable (i.e., how much of the risk is inherent to the industry).

We currently have an ESG Risk Rating of 13.7 , signifying a ‘low risk’ on a scale of 40 (lowest score) to 0 (best score). Within the Sustainalytics’ Construction & Engineering industry, Fugro is ranked #3 out of 345 companies. With an average score of 38.5 in our subindustry classification, this demonstrates we are significantly above the average, within the 2^nd percentile for our subindustry.

EcoVadis score of 59 out of 100

In our latest disclosure, we received a score of 59 out of 100. This was a significant improvement from our 2024 score, which saw an improvement in all of EcoVadis’ major categories, earning us the ‘Committed’ badge for a second year in a row.

EcoVadis is more focused on management systems, as opposed to investor risk, with a larger emphasis on evaluating how companies handle their supply chains and sustainable procurement. EcoVadis scores on four main categories: Environment, Labour & Human Rights, Ethics and Sustainable Procurement.

Essentially, EcoVadis scores companies more on how they manage their operations, rather than elements of a company that would influence its financial performance. For example, one aspect EcoVadis’ assessment is to determine a company’s impact on their overall value chain, which examines how a company incorporates sustainable criteria within supplier selection, or engagement with suppliers to enact more sustainable practices.

Rated B by CDP

In 2024, Fugro was rated a ‘B’ by CDP, for the climate change section, for the third consecutive year.

Rated A by MSCI

Fugro was rated an ‘A’ by MSCI in 2024, for the construction & engineering services industry, demonstrating an above average performance compared to our industry peers.

Sustainalytics score of 14.0

Fugro received an ESG Risk Score of 14.0 in 2024, indicating we are a ‘low risk’, and were ranked #3 out of 372 companies in our subindustry, within the 2^nd percentile, demonstrating we are well above the average compared to our industry peers.

EcoVadis score of 50 out of 100

This was the first year Fugro reported to EcoVadis at the global level, with a score of 50 out of 100, which earned us the ‘Committed’ badge.

Rated B by CDP

In 2023, Fugro was rated a ‘B’ by CDP, for the climate change section, for the second year in a row.

Rated A by MSCI

Fugro was rated an ‘A’ by MSCI in 2023, for the construction & engineering services industry, demonstrating an above average performance compared to our industry peers.

Sustainalytics score of 17.9

Fugro received an ESG Risk Score of 17.9 in 2023, indicating we are a ‘low risk’, and were ranked #5 out of 356 companies in our subindustry, within the 2^nd percentile, demonstrating we are well above the average compared to our industry peers.

Moody’s score of 54 out of 100

In 2023, Fugro received a score of 54 from Moody’s, signifying our performance is aligned with may of those in our peer group, with a strong environmental strategy and addressing significant ESG issues. This was the last score we received from Moody’s as they discontinued their rating service in 2024.