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Modex AS – ESG risk research and ESG rating
We at sustainAX have ESG risk researched and ESG risk rated Modex AS and our clients can access the reseach on their Bloomberg terminals.
Modex AS is in the materiality based sector of COMMERCIAL & PROFESSIONAL SERVICES.
Our ESG risk research of Modex AS
Our approach to ESG research is fundamental, that means that we have studied all relevant publications by Modex AS and combined this with fundamental understanding of ESG challenges and risks of different activities and for the COMMERCIAL & PROFESSIONAL SERVICES sector. This makes us well placed to estimate the ESG risks of Modex AS. We have published a 33 pages ESG research report on Modex AS with a conclusion highlighting the most important residual risks, a section suggesting how it should be integrated in investment decisions and a list of all the questions we think should be asked to Modex AS.
More about our ESG risk research here: https://www.sustainax.com/index.php/esg-research/
AGGREGATED ESG RISK RATING* for Modex AS:
20-40 of 100
High risk
Where 100 is the lowest ESG risk and 0 is the highest risk.
*The ESG, E, S and G risk rating ranges indicate to what degree Modex AS has addressed and mitigated their material ESG risks according to the sustainAX materiality matrix. sustainAX’ clients have access to the exact ESG risk rating.
**The weight in the aggregated ESG rating
Environmental RISK RATING* and WEIGHT** for Modex AS:
20-40 of 100 – High risk
25%
Social RISK RATING* and WEIGHT** for Modex AS:
20-40 of 100 – High risk
42%
Governance RISK RATING* and WEIGHT** for Modex AS:
20-40 of 100 – High risk
33%
About the company:
MODEX manufactures offshore equipment utilizing leading Norwegian offshore technology, with a focus on quality and safety, for the offshore oil and gas markets. As a leading provider of DNV certified CCUs, cabins and well service equipment, Modex provides services for the global sales and rental markets efficiently and cost-effectively, while consistently delivering products of the highest North Sea standards. Our strategic network of European bases allows us to service the Scandinavian offshore energy sector efficiently and cost-effectively, while consistently delivering products of the highest North Sea standards.
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