(Finance) – Il BCC Iccrea Groupthe largest Italian cooperative banking group, has received an additional from Morningstar Sustainalytics improvement of its “ESG Risk Rating”positioning itself among the best institutions in the Italian banking system.
The update carried out by Morningstar Sustainalytics has allowed the BCC Iccrea Group to place itself in the ESG risk category “Negligible”the best within the agency’s rating scale, with a score of 8.2. This result represents a notable improvement (approximately 6 points) compared to the previous rating which was “Low” with a score of 14.32.
The result was driven by a strengthening of safeguards implemented by the Group in key areas such as: Product Governance, Business Ethics, ESG Integration, Human Capital, Stakeholder Governance, Data Privacy and Cybersecurity.
“The update carried out by Morningstar Sustainalytics represents a further stimulus in the continuation of our work, confirming the goodness of our business model, inspired by the values of localism and mutualism and projected towards an increasingly sustainable and responsible future”, he said Mauro Pastore, General Director BCC Iccrea Group.