Porcari (LU), Italy (News release) - Sofidel has received an environmental, social, and corporate governance (ESG) Risk Rating of 13.6 from Morningstar Sustainalytics.
The ranking places Sofidel out of more than 120 companies in the household products industry. The company was recognized for its commitment to the preservation of biodiversity, anti-corruption strategies, transparency, and efforts to fight climate change and global warming. Morningstar Sustainalytics also ranked Sofidel in the top 10% of more than 15,000 global companies evaluated.
"Once again, Sustainalytics' ESG Risk Rating attests to the rigor of our commitment to ESG sustainability and risk management policies," commented Luigi Lazzareschi, Sofidel Group CEO. "These analyses, in addition to traditional financial ratings, represent a benchmark for investors, external observers, and worldwide stakeholders whose choices are increasingly guided by companies' abilities to develop and implement effective sustainability strategies. This is a recognition we are pleased with as it translates the commitment and dedication of recent years into measurable results, which are essential to allow us to compare ourselves with international best practices and, above all, to detect further areas for improvement."