(Telestock) – illimity Bankhas obtained an upgrade of its MSCI ESG rating from “AA” to “AAA”, confirming itself as a leading company in its sector.
MSCI ESG Ratings, a leading index and benchmark agency that rates more than 8,500 companies globally, uses a methodology to measure a company’s resilience to financially material long-term ESG risks.
In its report, the agency emphasizes that the rating improvement is due to factors related to the development of human capital and best practices implemented in the field of corporate governance.
Specifically, MSCI has positively recognized the achievement of the Great Place To Work certification for the fifth time in a row, a recognition that measures employee satisfaction and that has contributed to placing illimity once again in the ranking of Best Workplaces in Europe.
Another determining factor that led to the maximum recognition by the rating agency was the presence of detailed policies on business ethics, anti-corruption, privacy protection and whistleblowing, which, together with the Bank’s high standards of corporate governance, place illimity in the highest scoring range compared to its global peers.
Fabio Pelati, Head of IR & Sustainabilitycommented: “We are proud of the improvement obtained by MSCI which positions us at levels of excellence. The upgrade follows those already received starting from 2022 from the same agency, which has progressively recognized the constant efforts made by illimity in integrating ESG factors into strategy, governance, processes and risk management”.