In September 2024, our company achieved “Prime” status in the ISS ESG Corporate Rating, along with a C+ score. ISS is one of the world’s leading rating agencies for corporate governance and sustainable investments. ISS ESG, the responsible investment arm for ISS, scores companies based on an analysis of more than 100 sector-specific ESG factors. Prime status is awarded to companies with an ESG performance above the sector-specific Prime threshold, which means that they fulfill ambitious performance requirements.
In 2024, FuelCell Energy received an “A” rating in the MSCI ESG Ratings assessment.**
MSCI ESG Research provides MSCI ESG Ratings for global public and a limited number of private companies on a scale from AAA (leader) to CCC (laggard), accounting for exposure to industry-specific ESG risks and the ability of a firm to manage those risks relative to its peers.
"FuelCell Energy has been a company with sustainability at its core since it was founded more than 50 years ago. We strive to help our customers on their sustainability journey and place a high priority on sustainable practices in our operations. It is essential for us to not only address our material topics effectively but also to communicate our performance to stakeholders accurately and transparently. We are proud that our ESG performance and high level of transparency have earned us ISS ESG Prime status, underscoring our commitment to responsible business conduct."
In March 2024, FuelCell Energy received an ESG Risk Rating of 21.3 and was assessed by Morningstar Sustainalytics to be at Medium risk of experiencing material financial impacts from ESG factors.***
Morningstar Sustainalytics’ ESG Risk Ratings measure a company’s exposure to industry-specific material ESG risks and how well a company is managing those risks. This multidimensional assessment of ESG risk combines the concepts of management and exposure to measure ESG risk, i.e., a total unmanaged ESG risk score or the ESG Risk Rating, comparable across all industries. Sustainalytics’ ESG Risk Ratings provide a quantitative measure of unmanaged ESG risk and distinguish between five levels of risk: negligible, low, medium, high and severe.
In February 2025, we received a CDP SME B score for Climate which was the highest possible SME score in 2024.
CDP scoring methodology assesses the level of detail and comprehensiveness in a response, as well as the company’s awareness of environmental issues, its management methods and progress towards environmental stewardship. The CDP SME questionnaire was designed to provide an improved experience for SMEs. Responders are allocated a letter score for each environmental issue area on which they have been scored, ranging from SME B to SME D. The data disclosed in 2024 through the CDP SME questionnaire will be used to develop and deploy a meaningful methodology for an SME A score for 2025 disclosure.
Idaho National Laboratory Testing of FuelCell Energy’s Electrolyzer to Show Further Commercialization Opportunity for Nuclear Power Plants Learn more
