Betsson AB recently announced it has achieved the prestigious AAA rating from Morgan Stanley Capital International (MSCI) ESG Ratings, an upgrade from its previous AA rating. This recognition underscores Betsson’s commitment to excellence in environmental, social, and governance (ESG) practices, which are integral to its long-term business strategy.
Receiving the AAA rating, the highest possible, reflects Betsson’s steadfast dedication to responsible business practices. Pontus Lindwall, CEO of Betsson AB, expressed pride in this accomplishment, stating, “Receiving the highest ESG rating from MSCI is a testament to Betsson’s dedication to ethical business practices, responsible gaming, and sustainability. These are constant efforts that span across the entire business as we are continuously striving to improve.”
Importance of MSCI ESG Ratings
MSCI ESG ratings assess a company’s ability to manage long-term ESG risks, providing investors with insights into ESG risks and opportunities in their portfolios. The ratings range from AAA, the highest, to CCC, the lowest. Companies are evaluated on their exposure to and management of industry-specific ESG risks relative to their peers. Importantly, rated companies do not incur any costs for the rating, ensuring unbiased and independent assessments. MSCI’s rigorous methodology guarantees the credibility and objectivity of these evaluations.
Betsson’s achievement of the AAA rating highlights its leadership in integrating ESG considerations into its business operations. This milestone not only reinforces Betsson’s reputation in the industry but also sets a benchmark for other companies aiming to enhance their ESG practices. The recognition from MSCI signals to investors that Betsson is effectively managing ESG risks and capitalizing on opportunities, thereby fostering sustainable growth.
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