Sport Group achieve top ESG Risk Rating
NEWS RELEASE: Sport Group rated #1 on ESG performance in Building Products Category
- Sport Group receives an ESG Low Risk Rating from Sustainalytics
- Sport Group’s ESG Risk Rating places it first in the Building Products industry as assessed by Sustainalytics.
- Sport Group’s strength is sustainable products and services, for example the Poligras Tokyo GT hockey turf used at the Tokyo 2020 Olympic Games which was made from 60% sugar cane.
- Sport Group has reduced carbon emission intensity (scope 1 & 2) by 22% since 2018.
Burgheim, Germany: Sport Group, the world’s largest business dedicated to sport and recreation surfaces, has received an ESG (Environmental, Social and Governance) Risk Rating Score of 11.2 from Sustainalytics and was assessed by the firm to be at low risk of experiencing material financial impacts from ESG factors.
Sustainalytics’ ESG Risk Ratings measure a company’s exposure to industry-specific material ESG risks and how well a company is managing those risks. Sport Group’s rating places it number one in the Building Products category and 307 out of 14,979 companies rated by Sustainalytics worldwide.
Frank Dittrich, CEO, Sport Group said, “We are committed to transforming the business of sport and space and we understand that we play an important leadership role in the industry with regards to environment, equality and good governance.
“Therefore, of course, we are pleased to be rated in the top 3% of companies globally, but this is not just today’s tip-of-the-tongue topic, this is an issue that is deep in the heartbeat of tomorrow. Our ESG commitment is about the future, and this is a never-ending process.”
Sustainalytics, a Morningstar company and a leading global provider of ESG research, ratings and data, recently evaluated the activities of all Sport Group manufacturing and installation companies, including AstroTurf, Polytan, Melos, SYNLawn and APT (Advanced Polymer Technologies) and examined the Group’s global product brands including LigaTurf, Rekortan, Poligras and Laykold.
Sport Group received low or negligible risk rating in all categories including Environmental and Sustainable Impact of Products and Services, Emissions, Effluents and Waste, Resource Use, Occupational Health & Safety and Corporate Governance. Together this constituted an overall rating of 11.2 Low.
Sustainalytics, is one of the most preeminent ratings agencies and rates companies in all sectors. Other companies rated by Sustainlytics include Apple Inc, Allianz SE, Hugo Boss AG, Microsoft Corp and PepsiCo Inc.
“It is important for us to measure our progress against our own goals, our competitors and other leading businesses”, said Dr. Klaus Hauschulte, COO, Sport Group. “We made this voluntary commitment because independent ratings keep us accountable and transparent, they are important for our customers, end users, staff, investors, and business partners.”
Sport Group’s flagship products include LigaTurf Cross GTR, made from green polyethylene and recycled raw materials, and Rekortan Gel tracks which are made from 88% renewable/recyclable content. While SYNLawn uses a combination of soy in the coating & sugarcane in fibers to achieve USDA certified products & systems with up to 88% bio-based content.
“Customers increasingly want sustainable products, but it can be hard to know what and who to trust”, said Heard Smith CEO, Region North America Sport Group. “Independent ratings help customers compare so they can make informed and confident decisions, also it matches the values of end users who are making sustainable choices in their lives every day.”
The Group’s investment focus is on bio-based and renewable ingredients, carbon reduction, post-consumer raw materials, recycling and second life.
About Sport Group
Sport Group sells and installs more synthetic turf sport fields, athletic tracks and courts globally than any other business. Sport Group consists of 20 companies including Polytan and AstroTurf who, for over 50 years, have been market leaders in the installation and construction of sports surfaces. Sport Group’s strategic and investment focus is on Green Technology and recycling. For more information, visit sportgroup-holding.com
