BOAL GROUP DELIVERS ESG STRATEGY, TIGHTENS TARGETS AND ACHIEVES EVEN HIGHER RATING

Parent company BOAL Group, global partner to builders and growers in the fields of high-tech greenhouse horticulture, integrated solar solutions and in-house extruded aluminium, has achieved an excellent ESG Risk rating (Environment, Social & Governance) from Morningstar Sustainalytics for the second year in a row.

Ambitious Goals achieved

BOAL Group claims 29th place globally out of nearly 16,000 organisations with its new and higher rating, giving it the highest score of all Dutch companies. This excellent second ESG Risk Rating awarded by Morningstar Sustainalytics shows that BOAL has succeeded in defining a strong and clear ESG strategy with goals that are challenging and realistic to implement. The solid design ensures that ambitious targets are met and BOAL continues to improve its ESG performance.

"Of course, I am extremely proud that we are succeeding in integrating our ESG strategy well into our business processes and delivering on our sustainability promises. Morningstar Sustainalytics' ESG risk assessment gives us direction in this and challenges us to continuously improve. Over the past year, our entire organisation has made enormous efforts to make improvements in all possible areas that contribute to sustainability, social cohesion and transparency. It has now dawned on all the capillaries of our group of companies that only together can we really make a difference. How great is it that we are now being rewarded for our hard work? Recognition for our efforts and, more importantly, our efforts contribute to a better world for future generations." Adri Pols, CEO of BOAL Group.

BASIS FOR WELL-INFORMED INVESTMENT DECISIONS

The ESG score, awarded by ratings market leader Morningstar Sustainalytics, annually measures the level of ESG ambition and compliance within organisations, making it an essential part of making well-informed investment decisions for clients, investors and other stakeholders. Morningstar Sustainalytics monitors more than 16,000 companies worldwide and has the broadest coverage of analyst-based ESG risk assessments in the market. BOAL recently published its 2022 Sustainability report.

"The goals we have set ourselves as an organisation are ambitious. We can now demonstrate that we have achieved almost every interim target of our ESG goals, which means that sustainability is at the heart of our business and that our employees are not only aware of these goals, but also act accordingly. Ultimately, this is to everyone's benefit. With this rating, our customers know that by using our products and services, they can make a positive impact on the final product they supply. In the case of a vegetable grower, that means not only a reduction in the carbon footprint of his tomatoes, for example, but also a positive impact on biodiversity in his immediate environment." Stefan Eggers, Group ESG Director.

About BOAL

BOAL Group offers builders, growers and investors a comprehensive portfolio of modular solutions for high-tech indoor growing and solar applications. These range from complete aluminium greenhouse structures with integrated solar panels, insect netting and ventilation solutions to insulated storage rooms, climate screen systems or individual greenhouse components. BOAL has a unique position in the value chain, with its in-house extruded aluminium that is 100% recyclable and a proven key differentiator.

Through its long-term relationships with regional and global partners, BOAL has delivered more than 8,000 hectares of greenhouses, completed a range of extrusion projects and is a trusted partner in solar mounting systems and solar carports in more than 50 countries. BOAL's solutions contribute substantially to powering and supplying energy to a fast-growing global population, with minimal use of resources.

At the heart of BOAL's business strategy is its long-term ESG sustainability strategy, but also for future-proofing the organisation.