Industrie De Nora S p A : DE NORA RECEIVES AN ESG RATING OF AA FROM MORGAN STANLEY CAPITAL INTERNATIONAL RESEARCH (MSCI)

Milan, 06 June 2023 - Industrie De Nora S.p.A. - an Italian multinational company listed on Euronext Milan specializing in electrochemistry and a leader in sustainable technologies and the emerging green hydrogen industry - has obtained the ESG Rating AA from Morgan Stanley Capital International (MSCI), the world's leading ESG rating agency.
The AA rating marks the start of the coverage of De Nora by MSCI, with the assignment of one of the highest scores in terms of ESG performance. De Nora is listed among the leading companies in its industry for effectively managing sustainability opportunities and risks, confirming the Group's commitment to strategic ESG development.
MSCI confirmed De Nora's leadership concerning corporate governance and business ethics issues and highlighted the Group's focus on HR management. In addition, MSCI appreciated the opportunities related to the growing demand for clean (cleantech) technologies that the Group can exploit thanks to its leadership in Electrode and Water Technologies and the green hydrogen field.
Paolo Dellachà, Chief Executive Officer of Industrie De Nora S.p.A., has commented: "Obtaining this ESG Rating is a source of great satisfaction for us, confirming that sustainability is at the core of our business. Sustainability has always been in the DNA of De Nora, a world leader in electrode and water treatment technologies and solutions for 100 years, and now more than ever with the development of Energy Transition activities. Our sustainable strategy is already generating significant results and accelerating De Nora's growth. We aim to intensify our sustainability journey further, outlining a roadmap of ESG targets for the short and long term".".

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Industrie De Nora is an Italian multinational company listed on the Euronext Milan stock exchange, specializing in electrochemistry, a leader in sustainable technologies, and has a vital role in the industrial green hydrogen production chain. The Company has a portfolio of products and systems to optimize the energy efficiency of critical industrial electrochemical processes and a range of products and solutions for water treatment. Globally, Industrie De Nora is the world's largest supplier of activated electrodes (serving a broad portfolio of customers operating in the fields of chlorine and caustic soda production, components for electronics, and non-ferrous metal refining). Industrie De Nora is also among the world's leading suppliers of water filtration and disinfection technologies (for the industrial, municipal, and marine sectors) and the world's leading swimming pool disinfection components supplier. Leveraging its well-established electrochemical knowledge, proven manufacturing capability, and a supply chain established over the years, the Company has developed and qualified a portfolio of electrodes and components to produce hydrogen through the electrolysis of water, which is critical for the energy transition. In this sector, the company also holds 34% of thyssenkrupp nucera AG &Co. KGaA, a joint venture established with the thyssenkrupp group.
Founded in 1923, Industrie De Nora generated total revenues of around EUR 853 million and an Adjusted EBITDA of approx. EUR 191 million in 2022. The Company's growth process has developed organically through continued penetration of new markets and applications and through acquisitions in the U.S., Asia, and Europe. De Nora's continuous innovation drives its growth, represented by its evolving intellectual property portfolio, which currently includes more than 260 patent families with more than 2,800 territorial extensions. The De Nora family controls the Group, which owns 53.3% of the Company's share capital. Snam S.p.A. is a minority shareholder with about 21.6% of the capital.

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