Sheffield-based clean energy company ITM Power has achieved an AA MSCI ESG rating for the third consecutive year.
The rating measures a company’s resilience to long-term environmental, social and governance risks and identifies industry leaders and laggards. Companies are rated according to their exposure and how well they manage those risks relative to peers.
With the retained AA rating, the company now ranks within the top 11% of all companies in its sector, indicating the company’s ESG practices are well-aligned with shareholder interests.
A spokesman for the company said: “It also means we are a company leading its industry in managing the most significant ESG risks and opportunities. More importantly, as the MSCI ESG ranking is the primary research tool and most widely used benchmark by investors, our ranking will further help investors to understand the importance we place on being a business that is fit for the future.”
