MASHINIi

ENAPTER AG.

H2O.XETRA | Manufacture of other electrical equipment

Enapter AG specializes in the development and manufacturing of highly efficient, modular hydrogen generators (electrolysers). Their core product is the Anion Exchange Membrane (AEM) electrolyser, which produces green hydrogen from electricity and water. Enapter's electrolysers are used in various ap...Show More

Ethical Profile

Mixed.

Enapter AG presents a mixed ethical profile. The company ensures 100% of employees receive an adequate wage, boasts a low CEO-median pay ratio of 3.81, and 64.65% of employees are covered by collective bargaining agreements. There were zero work-related accidents in 2023. However, a male-female pay gap of 20.93% exists. As a green hydrogen producer, Enapter reduced Scope 1 and 2 emissions by 90% (2022-2023) and increased renewable energy use to 60.5%. Critics point to a rise in Scope 3 emissions and total waste generated (from 87 to 142 tons). The company maintains a whistleblower system and code of conduct, promptly self-reporting minor breaches. Data is insufficient for fair trade, animal welfare, community impact, and smart tech.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity10
-100100
Fair Pay & Worker Respect30
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business0
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business-10
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech-30
-100100
Zero Waste & Sustainable Products-30
-100100

Better Health for All

0

No evidence available to assess ENAPTER AG on Better Health for All.

Fair Money & Economic Opportunity

10

Enapter AG's core business is the manufacturing of electrolysers, not financial services.

1
Therefore, KPIs related to lending, fees, financial literacy, and customer financial data are not applicable. The company's products are used in over 55 countries by more than 375 customers, with 54% of 2023 sales from Europe (excluding domestic) and 10% from the Rest of World, indicating a broad geographic reach.
2
Enapter's electrolyser units are described as simple, modular, and standardized with plug-and-play capability and integrated software, and they do not offer hardware customization.
3

Fair Pay & Worker Respect

30

In 2023, 100% of employees were paid an adequate wage, and 100% were covered by social protection.

1
The CEO-median pay ratio was 3.81 in 2023.
2
The percentage of employees covered by collective bargaining agreements was 64.65% in 2023.
3
The company reported 0 recordable work-related accidents and 0 fatalities in 2023, with 100% of own workers covered by a legal and/or standardised and audited health and safety management system.
4
The male-female pay gap was 20.93% in 2023, meaning women earned 79.07% of male pay.
5
The employee turnover rate was 27.66% in 2023.
6
Temporary employees constituted 10.23% of the total workforce (22 out of 215) in 2023.
7

Fair Trade & Ethical Sourcing

0

Enapter AG's 2023 ESG report and other provided articles do not contain specific, quantitative data points for any of the KPIs related to Fair Trade & Ethical Sourcing. Information regarding fair-trade certifications, supplier audit frequency, substantiated forced or child labor incidents, supply chain traceability coverage, remediation speed for violations, ethical clause coverage in supplier contracts, share of spend on high-risk materials, or procurement budget directed to diverse suppliers is not provided.

1
While 55 of the largest suppliers have approved a Code of Conduct,
2
the articles do not specify the percentage of total suppliers or spend this represents, nor explicitly confirm these are enforceable clauses within contracts.

Honest & Fair Business

0

Enapter AG reported zero ethics-related regulatory fines for anti-corruption and anti-bribery law violations in 2022 and 2023.

1
The company has a whistleblower system accessible via multiple channels, including a web form, with reports handled by an external law firm.
2
Whistleblowers are protected under labor law, and confirmation of receipt is provided within seven days, with feedback on handling within three months.
3
The company's Code of Conduct, which prohibits corruption and bribery, is distributed to all new workers.
4
However, as of March 2024, only 55 of the largest suppliers had approved the Code of Conduct.
5
None of Enapter’s Advisory Board members are elected politicians or candidates for office.
6
The Corporate Carbon Footprint for 2022 and a Life Cycle Analysis of products were calculated with the support of Fraunhofer UMSICHT, and a materiality analysis was based on consultations with external stakeholders, employees, investors, and reporting experts.
7

Kind to Animals

0

The provided articles for Enapter AG, a company specializing in hydrogen generators, contain no specific data or information regarding animal welfare practices, animal testing, animal-derived ingredients, or wildlife conservation initiatives.

1
Therefore, no KPIs under the 'Kind to Animals' value can be scored based on the evidence provided.

No War, No Weapons

0

Enapter AG's core business is the development and manufacturing of AEM electrolysers for green hydrogen production, which are used in civilian applications such as energy storage, industrial processes, mobility, and heating.

1
The provided articles contain no information indicating any exposure to controversial or banned weapons.

Planet-Friendly Business

-10

In 2023, the company's total Scope 1, 2, and 3 GHG emissions (market-based) were 2311.3 tCO₂e, an increase from 1782.4 tCO₂e in 2022.

1
The share of renewable sources in total energy consumption increased from 37.9% in 2022 to 60.5% in 2023.
2
The production site in Pisa switched to 100% renewable energy on November 1st, 2023.
3
In 2023, 124.06 tonnes of waste were diverted from disposal, including 2.08 tonnes for reuse and 104.32 tonnes for recycling.
4
Total waste generated was 14287 tonnes, with 15.86 tonnes sent to disposal.
5
The company reported no significant pollution violations or fines, but one minor work-related accident occurred in 2022.
6

Respect for Cultures & Communities

0

The provided articles, including the 2023 Sustainability Statement Summary, the 2024 Annual Report, and the Code of Conduct, do not contain any specific, quantifiable data points related to the company's respect for cultures and communities. Information regarding formal partnerships with indigenous or local community groups, revenue reinvested in local development, cultural appropriation incidents, cultural impact assessment protocols, local employment ratios, grievance mechanisms for community concerns, or any other relevant metrics is absent.

1
The articles explicitly state a lack of data for these areas, or the information provided is not directly applicable to the defined KPIs.
2

Safe & Smart Tech

-30

Enapter AG states no documented incidents of unauthorized data use.

1
The company's privacy policy indicates that passwords are encrypted.
2
For algorithmic transparency, the company states it does not use automated decision-making or profiling.
3
Regarding user data control, the company lists standard user rights such as access, rectification, erasure, restriction of processing, objection, data portability, and withdrawal of consent, but only explicitly mentions users can opt-out of marketing communications.
4
For authentication, WiFi security requirements include 'None', WPA, and WPA2 Personal, indicating the availability of weak security options.
5
The company's privacy policy mentions minimizing the collection of potentially sensitive data and not collecting data from devices not connected to the cloud, but does not specify retention periods.
6
Enapter AG confirms compliance with IFRS, EU regulations, and German commercial law, but also notes past violations and fines related to late or omitted disclosures during insolvency proceedings between 2016-2019.
7

Zero Waste & Sustainable Products

-30

In 2023, Enapter AG achieved a waste diversion rate of 87.37%, diverting 124.06 tons out of 142 tons of total waste generated.

1
The company has set specific re-use targets of 10% by 2030 and 45% by 2050, and a recycling target of 40% as recovery starts.
2
Enapter integrates circular economy principles into product design, development, and manufacturing, conducting lifecycle assessments and working on design changes to enhance reusability, repairability, and recyclability. The company's waste intensity decreased from 5.90 t/M€ in 2022 to 4.50 t/M€ in 2023, indicating effective waste reduction initiatives.
3
Enapter focuses on hazardous substance management and commits to complying with all environmental laws, with no significant pollution violations or fines reported.
4

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.