Marel hf - ESG Rating & Company Profile powered by AI

Industry Group:Industrial Machinery

The Disclosure rating includes seventeen United Nations SDGs including: 'Good Health & Wellbeing', 'Decent Work & Economic Growth' and 'Life below Water'. If you are employed by Marel hf and you wish to use your ESG aseessment, please get in touch. This assessment of Marel hf is prepared by All Street Sevva using leading NLP.

Marel hf in the Industrial Machinery industry gained a UN SDG ESG Transparency Score of 9.4; made up of an environmental score of 8.0, social score of 8.0 and governance score of 8.0.

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SDG Transparency Score for Marel hf 
Low
0 - 3
Medium
4 - 6

9.4

High Impact
7 - 10
Last Score Update: 2023-01-01
What drives the score for Marel hf 
8.0

Environmental

8.0

Social

8.0

Governance

Detailed ESG Breakdown
SEVVA Platform offers unique drill down to the underlying sources powering the ratings. Break down your ESG analysis by 17 UN SDGs and 8 additional governance factors.

Peer Group Comparison

RankCompanySDG Transparency Score Performance
1Marel hf
9.4
High
2EnPro Industries Inc
9.2
High
3Luxfer Holdings PLC
8.9
High
.........
1239Yantai Eddie Precision Machinery Co Ltd
0.0
Low
1239Zhong Yang Technology Co Ltd
0.0
Low
.........
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Frequently Asked Questions

Does Marel hf reference operational or capital allocation in relation to climate change?Yes
company-nameAnnualfiling2021-03-17
In the recent slower growth environment, leverage has remained well below the targeted capital structure of 2-3x Net Debt / EBITDA, in spite of dividends at the top end of our stated 20-40% of net profits range and a share buyback program. Although we continue to expect to gravitate towards the lower end of that stated leverage range on average through the investment cycle, a step up from current levels could reasonably be anticipated as we set about capitalising on the opportunities set before us.
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Does the Board describe its role in the oversight of climate-related risks and opportunities?Yes
company-nameAnnualfiling2021-03-17
4.8 5.6 Of which is recycled (1,000 tonnes) 3.5 4.1 E8 Climate related risk oversight by the Board of Directors TCFD Yes No E9 Management of climate-related risks and opportunities TCFD Yes Yes E10 Climate risk mitigation TCFD SDG 9 UNGC P9
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company-namecategory-descSTP2021-03-18
4.8 5.6 Of which is recycled (1,000 tonnes) 3.5 4.1 E8 Climate related risk oversight by the Board of Directors TCFD Yes No E9 Management of climate-related risks and opportunities TCFD Yes Yes E10 Climate risk mitigation TCFD SDG 9 UNGC P9
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company-namecategory-descSTP2021-03-24
4.8 5.6 Of which is recycled (1,000 tonnes) 3.5 4.1 E8 Climate related risk oversight by the Board of Directors TCFD Yes No E9 Management of climate-related risks and opportunities TCFD Yes Yes E10 Climate risk mitigation TCFD SDG 9 UNGC P9
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Is Capital Expenditure linked to emissions reduction?

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Has Marel hf submitted or committed to submit to a shareholder vote (say-on-climate) its climate strategy?

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Does Marel hf disclose current and historical air emissions?

Does Marel hf disclose current and / or historical ozone-depleting emissions?

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Does Marel hf disclose current and / or historical scope 1 emissions?
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Does Marel hf disclose current and / or historical scope 3 emissions?

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Does Marel hf disclose its Scope Emissions targets?

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Does Marel hf disclose current and historical energy intensity?

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Does Marel hf disclose its Renewable Energy targets?

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Does Marel hf disclose its internal carbon price?

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Does Marel hf disclose long-term targets (>5 years) for reducing its GHG emissions?

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Does Marel hf disclose Scope 3 emissions from use of sold products?

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Does Marel hf disclose current and historical material use?

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Are Operating Expesnses linked to emissions reduction?
Does Marel hf disclose climate scenario or pathway analysis?
Does Marel hf reflect climate-related risks in its financial statements?

Does Marel hf disclose the number and percentage of companies screened by environmental and social criteria?

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Are emissions metrics verified by CDP?

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Are emissions metrics verified by STBi?

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Does Marel hf report according to TCFD requirements?

Does Marel hf disclose current and historical waste generation?

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Does Marel hf disclose current and / or historical waste management?

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Does Marel hf disclose current and / or historical water consumption?

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Does Marel hf condunt supply chain audits?

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Does Marel hf disclose long term financial targets?

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Does Marel hf report NPS (customer loyalty, customer churn or satisfaction surveys) ?

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Does Marel hf report customer churn rates?

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Does Marel hf have a policy relating to cyber security?

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Does Marel hf adhere to ISO 27001 / ISO 27002 standards or the NIST cybersecurity framework?

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Does Marel hf conduct cybersecurity training?

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Does Marel hf disclose the individual responsible for D&I?
Does Marel hf conduct 360 degree staff reviews?

Does Marel hf have engagement surveys, a culture survey, a pulse survey?

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Does Marel hf have a long term incentive (LTI) executive compensation plan based on a measure of return on capital?

Does Marel hf disclose the vesting percentage required for performance threshold in the LTIP?

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Has Marel hf issued a profit warning in the past 24 months?
Does Marel hf report the average age of the workforce?

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Does Marel hf permit its workforce to engage in collective bargaining?

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Does Marel hf disclose average employee tenure?

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Does Marel hf refer to human capital or people risk in its risk disclosures?

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Does Marel hf promote decent work conditions in relation to its supply chain?

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Does Marel hf allow for Work Councils/Collective Agreements to be formed?

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Does Marel hf have an accelerator or VC vehicle to help deliver innovation?

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Does Marel hf disclose the ratio of CEO total compensation relative to average employee compensation ?

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Does Marel hf disclose its gender pay gap?

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Does Marel hf disclose the number of employees in R&D functions?

Does Marel hf engage in animal testing?

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Does Marel hf have a commitment to a living wage?

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Does Marel hf disclose the vesting schedule of its equity compensation plan?

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Is executive remuneration linked to climate performance?
Does Marel hf offer flexible work?

Does Marel hf disclose employee diversity metrics?

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Does Marel hf disclose the pay ratio of women to men?
Does Marel hf disclose incidents of non-compliance in relation to the health and safety impacts of products and services?

Does Marel hf disclose information on fatalities and accidents in the workplace

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Does Marel hf report instances of occupational ill health, injury and fatality?

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Does Marel hf disclose the number of employees, new hires and turnover metrics?

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Does Marel hf disclose the number of operations that have been subject to human rights reviews or human rights impact assessments?
Does Marel hf disclose its policies for bribery, corruption, whistle-blower, conflict of interest?

Does Marel hf disclose the number of customer privacy complaints?

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Does Marel hf disclose incidents of discrimination?

Does Marel hf disclose incidents relating human rights, child labour and forced labour?

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Does Marel hf disclose incidents of corruption?

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Does Marel hf disclose the number of incidents involving the rights of indigenous peoples?

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Does Marel hf disclose incidents of non-compliance in relation to product and service information/labelling or marketing communications?

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Did Marel hf have a product recall in the last two years?
Does Marel hf support suppliers with sustainability related research and development?
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Is Marel hf involved in embryonic stem cell research?

Does Marel hf avoid gender bias in its hiring?

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Potential Risks for Marel hf
These potential risks are based on the size, segment and geographies of the company.

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Marel hf. develops, manufactures, sells, and distributes processing equipment, systems, software, and services for poultry, meat, and fish industries. The company's Poultry Processing segment offers integrated systems, software, and services for processing broilers, turkeys, and ducks. Its Meat Processing segment provides processing equipment, systems, software, and services of pork, beef, veal, and sheep. The company's Fish Processing segment offers equipment, systems, software, and services for farmed and wild salmon and whitefish processing. It sells in Europe, the Middle East, Africa, the Americas, Asia, and Oceania. The company was founded in 1977 and is based in Garðabær, Iceland.