Techem, a prominent energy service provider in the real estate sector, has been awarded a significant Environmental, Social, and Governance (ESG) risk score of 9.6 by Morningstar Sustainalytics. This score places the Eschborn-based company in the “Negligible Risk” category for the second consecutive year, marking it as one of the top performers among over 16,000 international companies.
In the sub-industry of “Business Support Services,” Techem secured the 6th position out of 186, while in the broader “Commercial Services” category, it ranked 50th out of 475 global firms. The ESG risk rating evaluates a company’s exposure to ESG risks and its management strategies, and Techem excelled with a low risk exposure score of 27.5 and a robust risk management score of 68.2. These scores were derived from an assessment across eight different criteria, with Techem particularly noted for its strong performance in emissions management, wastewater and waste management, data protection, and cybersecurity.
Dr.-Ing. Carsten Sürig, CFO of Techem, remarked, “As a partner at eye level, we support our customers in facing the challenges of the energy transition and contribute to the decarbonisation of the building stock both along our value chain and with regard to our sustainability-related activities.” He emphasised the company’s commitment to clear sustainability targets and key performance indicators, which guide their sustainability strategy.
Techem’s sustainability goals have received a boost from a recent agreement with TPG Rise Climate and GIC, which will lead to the acquisition of the Techem Group. TPG Rise Climate, a significant player in climate investments, aims to back companies like Techem that offer comprehensive decarbonisation services enhanced by digital solutions. Together, Techem, TPG, and GIC plan to strengthen the company’s position as a leader in the digitalisation and decarbonisation of the European building sector.
Sürig highlighted the growing demand from regulatory authorities, banks, and investors for clear sustainability strategies, noting that the ESG Risk Rating serves as a crucial indicator of Techem’s sustainability performance. He expressed confidence that the partnership with TPG and GIC will facilitate progress towards achieving the company’s ambitious sustainability objectives.
In the fiscal year 2022/2023, Techem intensified its focus on the environmental impact of its devices, reducing Scope 3 emissions in its value chain by 18%. The company has also set specific social goals, implementing diversity principles through a Group-wide diversity and anti-discrimination policy. Furthermore, Techem conducted its first gender pay equality audit in Germany, revealing the pay gap between male and female employees and establishing a protocol for reporting this data.
Techem remains committed to governance, with no violations of competition law or significant breaches of regulations reported in the past fiscal year. Sustainability is a core focus for the company, and it is integrated across all operations. Since March 2023, Katharina Bathe-Metzler has led the sustainability strategy, reporting directly to CEO Matthias Hartmann, who chairs the Sustainability Council.
By embedding sustainability into its operational framework, Techem aims to maximise its contributions to all stakeholders while furthering its goals of decarbonisation and environmental responsibility. Further information can be found at https://www.techem.com/corp/en/about-us
