(Tiper Stock Exchange) – Standard Ethics has Corporate Standard Ethics Rating (SER) “E” confirmed with “Positive” Outlook to Nexi, an Italian PayTech company which is part of the FTSE MIB. This is the third notch out of nine (i.e. in the “Not Fully Sustainable” bracket) on the scale used by the independent rating agency based in London and focused on sustainability.
Analysts point out that in the last three years the company has made important changes to the shareholding structure combined with the introduction of shareholders’ agreements concerning a significant part of the share capital. To guarantee the market and the minority shareholders (sphere “G” of the acronym ESG), Nexi has increased the level of independence of the BoD and ofntroduced the figure of a Lead Independent Director.
Non-financial reporting is in line with industry best practices; the public availability of policies on some of the main ESG topics is appreciated even if “the use of clear references to international indications remains desirable of the UN, OECD and EU on Sustainability in governance documentation and tools, including the Code of Ethics”.