Midsummer receives good ratings for its environmental focus according to Sustainalytics ESG Risk Rating

(WK-intern) – Stockholm, Sweden – Sustainalytics, a leading provider of ESG (Environmental, Social and Governance) and corporate governance research, ratings and analysis places leading developer and supplier of advanced solar energy technology solutions Midsummer in the top quarter of semiconductor companies from around the world thanks to the company’s splendid environmental focus.

Sustainalytics, a leading provider of ESG and corporate governance research, ratings and analysis has recently done a governance research of leading developer and supplier of advanced solar energy technology solutions Midsummer.

Sustainalytics places Midsummer in 46th position out of 220 semiconductor companies from around the world.

”We find it positive for us as a „pure-play“ clean tech company to receive an ESG rating as it is a natural part of our business“, said Sven Lindström, CEO of Midsummer AB. ”We note that our rating shows that Midsummer’s risk factors are lower (a low value is good = low risk) than the industry average.”

The ratings are designed to help investors identify and understand financially material ESG-related risks within their investment portfolios and how they might affect long-term investment performance.

“We are particularly pleased with the good rating for our environmental focus, with low risk for the product and the employees‘ safety and environment, which shows the focus we have on the environment”, Sven Lindström continued. “With our continuous work for improvements we are certain to climb even higher in the ratings in the near future”.

Sustainalytics ESG Risk Rating Summary Report overall place Midsummer at a medium risk (23.8 of 100) of experiencing material financial impacts from ESG factors, due to its low exposure and average management of material ESG issues. Furthermore, the company has not experienced significant controversies.

About Midsummer

Midsummer is a leading developer and supplier of advanced solar energy technology solutions for the production and installation of thin film solar panels. Its business offering includes equipment for cost-effective manufacturing of thin film solar cells as well as building-integrated photovoltaic (BIPV) solutions for the application of thin film solar cells on buildings (facades, roofs etc.). Midsummer’s thin film solar modules are light, flexible, durable and highly efficient and therefore ideal for distributed renewable energy projects. Midsummer’s proprietary technology is based on a rapid process for the production of flexible thin film solar cells using sputtering of all layers of the solar cell. The Company’s share (MIDS) is traded on Nasdaq First North Stockholm with G & W Fondkommission as Certified Adviser, phone: +46 (0)8-503 000 50, email: ca@gwkapital.se. For more information, please visit: www.midsummer.se

PR: Midsummer

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