LONDON, March 8, 2022 /PRNewswire/ -- S&P Global
Ratings today assigned Sanofi an ESG Evaluation of 86. The ESG
Evaluation is the result of an ESG profile score of 80 combined
with strong (+6) preparedness. Higher numbers indicate stronger
sustainability in our evaluations.
The ESG Evaluation reflects our assessment of Sanofi's
innovation capacity, which we think will help drive the industry
forward, as well as the concrete steps it has already taken in
implementing its strategy. The group's Play to Win strategy sets a
framework for growth, mainly through research and development and
operating efficiency improvements. We gave the company a high
environmental profile score because we view the health care sector
as having relatively low exposure to environmental factors. It also
surpasses health care peers in terms of environmental
performance.
Sanofi has ambitious targets and applies a value-chain approach
to minimizing its environmental impact. Our assessment of its
social impact reflects that access to medicine is complex and goes
beyond pricing. We view Sanofi as one of the innovators in the
industry. The company helps to improve quality of life and has the
capacity to bring medicines to patients worldwide. In our view, one
of Sanofi's leading differentiators is its creation of a nonprofit
unit that aims to improve global health, operating in 40 of the
poorest countries and across a range of fields including diabetes,
cardiovascular, and oncology.
We believe Sanofi's board is well equipped to guide the company.
The board has shown it can take decisive actions. Notably, it
discontinued investment in diabetes and cardiovascular in 2019, but
increased investment in disruptive technologies (for example
messenger RNA). We believe this agility will help Sanofi to
accelerate its innovation and remain competitive in the
industry.
Sanofi engages in the research, development, manufacture, and
marketing of therapeutic solutions in the U.S. (37% of sales),
Europe (26%), and internationally.
Sanofi was founded in 1973 and is headquartered in Paris, France. Its operations are divided into
three principal activities: pharmaceuticals (sales of €25.6 billion
in 2020); vaccines via Sanofi Pasteur (€5.9 billion); and consumer
health care (€4.4 billion).
What Is An ESG Evaluation?
S&P Global Ratings'
ESG evaluation is a cross-sector, relative analysis of an entity's
capacity to continue to operate successfully. It is grounded in how
ESG factors could affect stakeholders, potentially leading to a
material direct or indirect financial impact on the entity.
Our definition of stakeholders for a particular entity goes
beyond shareholders to include employees, the local community,
government, regulators, customers, lenders, borrowers,
policyholders, voters, members, and suppliers. A high ESG
evaluation indicates an entity is relatively less prone to
experiencing material ESG-related events, and is relatively better
positioned to capitalize on ESG-related growth opportunities than
entities with lower ESG evaluations.
First, we establish an ESG profile for a given entity, which
assesses the exposure of the entity's operations to observable ESG
risks and opportunities, and how the entity is mitigating these
risks and capitalizing on these opportunities.
Second, we assess the entity's long-term preparedness, namely
its capacity to anticipate and adapt to a variety of long-term
plausible disruptions.
S&P Global Ratings currently evaluates more than 115
entities across the globe; they have an average score of 66. Since
the first ESG evaluation, published in June
2019, we have finalized ESG Evaluations across 22 sectors
globally. By region, the highest average score is 72, for companies
headquartered in Europe, the
Middle East, and Africa.
Visit spglobal.com/ratings for our latest sustainable finance
research and all of our publicly available ESG Evaluations.
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