The international agency GRESB brings INWIT’s ESG rating from D to B and the score from 35 to 70 in two years.
GRESB Infrastructure Public Disclosure, an international agency specializing in the evaluation of infrastructure companies, brings INWIT’s ESG rating from D to B and the score from 35 to 70 over two years.
The disclosure of governance on sustainability and corporate stakeholder engagement initiatives was rewarded, confirming the path initiated by INWIT towards a sustainable business model, capable of including stakeholder expectations in its strategy.
GRESB Infrastructure Public Disclosure offers investors a unique tool to measure sustainability disclosure by listed infrastructure companies. Data is collected for all 140 companies in the GLIO Global Coverage Index, of which INWIT is a part. GLIO (Global Listed Infrastructure Organization) is the representative body of listed companies that manage critical infrastructures for the daily functioning of society and the global economy.
The assessment is based on a set of indicators aligned with the GRESB Infrastructure Assessment, and allows for a comparison of ESG disclosure performance between GRESB participants and non-participants. It also provides investors with a resource hub to access ESG disclosure documents in their listed investment portfolio. The rating agency analysis is divided into:
disclosure of sustainability governance
disclosure of the implementation of sustainability
disclosure of operational performance data
disclosure of stakeholder engagement practices
The rating improvement is part of INWIT’s strategy which aims at an increasingly sustainable future for the company and communities.
“The new upgrade of the ESG rating by GRESB confirms that INWIT is on the right path, intended to consolidate our commitment to sustainable success, with the aim of creating value in the long term” said Michelangelo Suigo, Head of External Relations, Communication and Sustainability at INWIT.
This result follows INWIT’s first entry into the FTSE4Good Index Series in June this year, the index managed by FTSE Russell, which ranks global companies in terms of environmental, social and governance (ESG) practices and transparency. It also follows the upgrade of MSCI’s ESG rating from BBB to A last year, the improvement of Sustainalytics ESG Risk Rating from Medium Risk to Low Risk, a score of B in the CDP Climate Change and the inclusion of INWIT in the Bloomberg Gender Equality Index earlier this year.
