Home » AFYREN announces further improvement in its extra-financial rating

AFYREN announces further improvement in its extra-financial rating

14 March 2024

Press release

AFYREN obtained a rating of 83/100 (+4 points vs. 2022) and reaches EthiFinance « Platinum » level
Concrete achievements in 2023 support the company’s continuous ESG progress

Clermont-Ferrand/Lyon, France, March 14, 2024, at 07:45am – AFYREN, a greentech company that offers manufacturers natural, low-carbon ingredients produced using unique fermentation technology based on a completely circular model, has recorded a further increase in its extra-financial rating.

AFYREN has been granted a rating of 83/100 for the 2023 year, an increase of 4 points compared to 2022, and has achieved « Platinum » level, the highest distinction awarded by EthiFinance.

This score represents an overall ESG maturity significantly higher than for comparable companies in terms of workforce and sector of activity.

The extra-financial performance of AFYREN has been assessed by EthiFinance for several years, with AFYREN consistently improving its CSR commitment performance.

The rating obtained by AFYREN over the past three years are as follows:

• In 2023: 83/100 ;
• In 2022 : 79/100 ;
• In 2021 : 74/100.

Caroline PETIGNY, AFYREN’s CSR Director, stated: “Core to our value proposition, especially on the environmental aspect and steered by an ambitious governance, ESG is at the heart of AFYREN’s strategic directions. It is essential to have an objective measure of the progress made and I am therefore delighted to see our rating continue to improve this year.”

EthiFinance’s extra-financial evaluation is multi-criteria (140 items divided into 4 pillars: Environment, Social, Governance and External Stakeholders) and aims at measuring the performance of around a hundred French companies each year.

Regular assessment of CSR performance enables transparent communication on these matters and identifies areas for improvement. This new evaluation reflects AFYREN’s efforts to consistently document and improve its processes, resulting, for instance, in progress in the Governance (with significant work being carried out on business ethics) and the Environmental area (notably through the completion of the first corporate scope 1,2,3 carbon footprint assessment).

It makes AFYREN’s efforts and achievements in extra-financial matters visible, in line with several projects undertaken by the company in 2023:

By the end of 2023 and the beginning of 2024, the company also initiated an analysis of its ESG performance indicators in light of forthcoming CSRD requirements (Gap Analysis).

A selection of extra-financial indicators will be detailed in AFYREN’s first Corporate Social Responsibility (CSR) report, scheduled for publication in the second quarter of 2024.