ITALY (News release) - Sofidel Group has achieved the top ranking in its category in Sustainalytics' annual index of overall risk management capacity.
On an annual basis, Sustainalytics, a Morningstar Company, ranks corporations on their environmental, social, and corporate governance (ESG) risk management strategies. Overall, Sofidel placed in the top 10% of more than 15,000 global companies evaluated. Sofidel also ranked first over 120 companies in Sustainalytics' household products category.
"Once again, Sustainalytics' rating attests to the rigor of our commitment to ESG sustainability and risk management policies," said Luigi Lazzareschi, Sofidel 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."
Sofidel America Corp. is a Philadelphia-based manufacturer and distributor of paper and food service products. For more information, visit www.sofidel.com.