Midsummer receives good ratings for environmental focus

Midsummer AB of Järfälla, near Stockholm, Sweden – a provider of turnkey production lines as well as flexible, lightweight copper indium gallium diselenide (CIGS) thin-film solar panels for building-integrated photovoltaics (BIPV) – has been ranked 46th out of 220 semiconductor companies worldwide by Sustainalytics, a provider of ESG (environmental, social and governance) and corporate governance research, ratings and analysis.

“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,” comments CEO Sven Lindström. “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,” says Lindström.

Sustainalytics’ ESG Risk Rating Summary Report overall placed Midsummer at a medium risk (23.8 of 100) of experiencing material financial impacts from ESG factors, due to its low exposure and average management of material ESG issues. Furthermore, the firm has not experienced significant controversies.

Tags: CIGS Thin-film PV

Visit: www.midsummer.se