(Finance) – Standard Ethics ha confirmed the Corporate Standard Ethics Rating (SER) “EE+” to ASTM Groupan Italian giant in the infrastructure sector. This is the seventh notch out of nine (in the “Very Strong” range) on the scale used by the independent rating agency based in London and focused on sustainability.
It is noted that, following the delisting in 2021, the company has maintained a governance system and sustainability strategies typical of large listed companies who operate in complex activities at an international level.
Yes confirms the ambitiousness of the ESG commitments (Environmental, Social, Governance) contained in the Sustainability Plan, which arise from a Sustainability governance system in line with the indications of the UN, OECD and EU and with international best practices. These safeguards are consolidated not only in the activities in Europe but accompany and integrate the Group’s international expansion strategy. The extra-financial reporting processes, as well as sustainability policies in the environmental and human rights fields, are at the center of a review in accordance with regulatory developments at European level.
Even considering the ownership structure, they remain room for improvement regarding independence and gender equality in the recently appointed administrative body.
There vision in the long run it is positive.