Overall impact
B (71)

Commentary

Bakaert is a strong overall performer. With a 'B' rating of 71.3 for overall impact (84th percentile compared to all companies), Bakaert ranks 1st out of 32 industry peers, ahead of Haynes International, DMC Global, Nanophase Technologies and 28 others. On top material causes for Bakaert's industry (Manufacturing), Bakaert performs well in Quality Lifelong Education (95.2 score), Racial Justice and Civil Rights (86.9), Fair Labor Practices (94.8) and 6 other causes where it received an 'A' score and performs poorly in Reduced Availability of Weapons (0.0 score), Sustainable Use of Water (36.5), Reduced Green House Gas Emissions (37.0) and 1 other cause where it received a 'D' or 'F' score.
Impact
Cause BEKB
Peer rank
Overall impact

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Company
Founded
1880
Employees
19,000
Sector
Industrials
Industry
Machinery
Sub-industry
Industrial Machinery & Supplies & Components
SASB industry
Industrial Machinery & Goods
Headquarters
Belgium
Share classes
BEKB
Description
NV Bekaert SA provides steel wire transformation and coating technologies worldwide. The company operates through four segments: Rubber Reinforcement, Steel Wire Solutions, Specialty Businesses, and Bridon-Bekaert Ropes Group. The Rubber Reinforcement Business segment develops, manufactures, and supplies steel cord and bead wire reinforcement solutions for the tire sector. The Steel Wire Solutions Business segment develops, manufactures, and supplies a range of steel wire products and solutions for sectors, including energy and utilities, mining, construction, agriculture, automotive, and consumer goods. The Specialty Business segment develops and manufactures reinforce concrete, masonry, plaster, and asphalt; reinforcement solutions for hoses and belts; fiber technologies, heating technologies, ultrafine wire, and hydrogen for energy transition markets. The Bridon-Bekaert Ropes Group segment offers steel wire and synthetic ropes for surface and underground mining, offshore and onshore energy, crane and industrial, fishing and marine, and structures; and develops and supplies fine steel cords for elevator and timing belts used in construction and equipment markets, window regulator and heating cords for the automotive sector, and Armofor thermoplastic tapes for light-weight pipes in energy markets. NV Bekaert SA was founded in 1880 and is based in Zwevegem, Belgium.
Material causes
Ethos considers the following causes material for Bekaert, based on its industry sub-industry Industrial Machinery & Supplies & Components. Learn more about material causes in our methodology overview.

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