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October 19, 2023

MSCI upgrades Webuild's ESG Rating to “AA”

Milan, 19 October 2023 – New international recognition for Webuild for its commitment to applied environmental, social and governance practices. Webuild has been awarded an 'AA' score (leader) in the MSCI ESG Ratings, one of the leading ESG (Environmental, Social, Governance) rating companies globally, marking a step up from its previous 'A' and improving Webuild's ranking among the leading companies in sustainability.

Driving the 2023 rating upgrade, which consolidates a positive trend that started in 2018, were essentially the Group's performance in Health & Safety, governance and the Group's big focus on opportunities related to the use of clean technologies, with an increased commitment to the clean water and green buildings sectors. 

MSCI ESG Research particularly praised the Group's commitment to ensuring better health and safety conditions, a theme that has always been central to its development strategies, also highlighting the targets achieved in 2022 and the significant reduction in the Lost Time Injury Frequency Rate (LTIFR). In 2022, this was 41% lower than the 2017 baseline, exceeding the target set for the year. 

According to MSCI ESG Research, Webuild is 'a leader in corporate governance compared to most of its peers on a global scale'. The governance practices adopted by Webuild are, in fact, well aligned with the interests of its shareholders, and special mention was also made of the great attention paid to the Board of Directors’ members’ independence. 

This rating confirms the Group's long-term vision, its sustainability strategy and business plan geared towards consolidating growth and creating shared value for shareholders, investors, employees, customers, and the community. A commitment to ESG that has already earned international recognition: the Group is now quoted on the Italian Stock Exchange's MIB® ESG Index and is confirmed as one of the top players in the sector in ESG ratings issued by leading independent organisations such as CDP Climate Change (A-), ISS-ESG (C+ Prime level) and Moody's ESG- ex Vigeo Eiris (Advanced level).

MSCI ESG Research provides MSCI ESG ratings to international and some private companies on a scale from AAA (leader) to CCC (laggard), depending on their exposure to sector-specific ESG risks and their ability to manage these risks compared to competitors. 

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19/10/2023 - 17:37 Press Note

MSCI upgrades Webuild's ESG Rating to “AA”

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