ESG Indices and Ratings

Leonardo’s Environmental, Social and Governance (ESG) performance and transparency in communications are assessed periodically by analysts, specialist ratings agencies and other international organisations. ESG assessments support the financial community’s investment choices and provide information on the risks and opportunities the company is exposed to. In the last year, Leonardo has maintained or improved its position in the ratings and ESG indices, ranking as leader in most sectors.

Dow Jones Sustainability Indices

In 2022, Leonardo was included in the Dow Jones Sustainability Indices (DJSI) for the thirteenth year in a row, achieving the highest score in the Aerospace & Defence sector for the fourth consecutive year (as of December 16, 2022).

Admission to the indices is based on Corporate Sustainability Assessment (CSA) data managed by S&P Global. The assessment analyses the company’s economic, governance, environmental and social performance, which is carried out through a questionnaire featuring over 100 questions and factoring in information that is mainly in the public domain, as well as information from the media and other stakeholders.

The DJSI (launched in 1999) are the stock price indices managed by S&P Global, which include the best-in-class companies in terms of sustainability globally.


In 2022, Leonardo was confirmed again as a leader in fighting climate change by the international non-profit organization CDP, resulting among the best in the Aerospace & Defense sector. The A- rating achieved confirms Leonardo’s commitment to reducing emissions, mitigating climate change risks, and implementing a careful environmental strategy. 
CDP (former Carbon Disclosure Project) evaluates the performance of companies worldwide, about 19,000 companies in 2022. Leonardo has participated since 2008 in the assessment activity.


In 2021, Leonardo was included in band A, the highest band in the Defence Companies Index on Anti-Corruption and Corporate Transparency (DCI) drawn up by Transparency International.

After analysing the main players in the defence and security sector worldwide (134 companies in 38 countries), based exclusively on public information, the non-governmental organisation recognised the measures implemented by Leonardo, which has adopted stricter anti-corruption policies and an increased level of transparency.

Bloomberg Gender-Equality Index (GEI)

Leonardo was included for the second year running in Bloomberg Gender Equality Index (GEI) 2022, a stock market index that aims to track the performance of public companies committed to transparency in gender-data reporting. Leonardo obtained the maximum score on transparency in communication and above average results for equal pay and gender pay parity, anti-sexual harassment policies and pro-women brand. In 2022, 418 companies, across 45 countries and from 11 sectors, were included in the index, including 20 Italian companies and 20 from the industrial sector.

Leonardo is the highest ranking company in the aerospace and defence sector according to the assessments of Sustainalytics (updated to October 2021) among 91 companies analysed across the sector. Leonardo’s ESG Risk Rating is 23, which is the lowest risk profile. The risk of being affected by financial impacts caused by ESG factors is assessed as medium, on a scale ranging between ‘negligible’ and ‘severe’.

Copyright ©2021 Sustainalytics. All rights reserved. This section contains information developed by Sustainalytics ( Such information and data are proprietary of Sustainalytics and/or its third-party suppliers (Third Party Data) and are provided for informational purposes only. They do not constitute an endorsement of any product or project, nor an investment advice and are not warranted to be complete, timely, accurate, or suitable for a particular purpose. Their use is subject to conditions available at 

Leonardo has the third highest ESG ranking among European companies in the sector, according to V.E. (part of Moody’s ESG Solutions). With a score of 57/100, classified as ‘robust’ by the ratings agency, Leonardo’s performance in September 2021 was better than average in the sector for the three assessed elements: environmental, corporate and governance.

Leonardo obtained the highest score in the corporate and environmental categories of the Quality Score of ISS ESG (Institutional Shareholder Services group of companies) in June 2021, which makes it a leader in the related sector’s index.