Milan, 22 February 2021 – Maire Tecnimont Group strengthens its position among the leading companies in the energy transition and sustainability sector by obtaining the rating “A” from Morgan Stanley Capital International (MSCI) Research, one of the main ESG rating agencies which assesses the environmental, social and governance performances (ESG) of the major companies around the world.
“This rating represents a great recognition for Maire Tecnimont Group’s commitment in assuming a role of enabler of energy transition, and it demonstrates an important appreciation for all the work that we progressively carried out to pursue sustainable value creation for all internal and external stakeholders, with a long-term perspective guided by a great attention to social and climate change, spreading our best practices in the 45 countries where we operate”, commented Pierroberto Folgiero, CEO of Maire Tecnimont Group.
The rating “A” from MSCI EGS Research represents an important marker on a path started in 2016 with a rating “BB” and then with a rating “BBB” in 2018.
In particular, with this latest rating update, MSCI confirmed the Group’s leadership in corporate governance and business ethics, and highlighted the Group’s careful attention to health and safety issues, an aspect which is demonstrated by an average accident rate of Lost Time Injury Frequency (LTIF) (1) consistently below the industry average, with a peak of excellence resulting in more than 58 million man-hours worked globally on construction sites.
Finally, compared to peers, we are recognized for having a clear and convincing business strategy linked to the development of green technologies to support the energy transition.
The integration of ESG themes into business is a clear priority for Maire Tecnimont that has worked in recent years on a new business model that effectively places sustainability at the heart of the company’s business with the launch of its subsidiary NextChem and that will start this year further projects throughout the Group as part of the new medium-term sustainability strategy, to contribute concretely to the path towards carbon neutrality and to the construction of a fairer and more inclusive society, in line with the Sustainable Development Goals (SDGs).
This rating is the latest one awarded by the Group, after a "B" rating from CDP (formerly the Carbon Disclosure Project) for the climate change programme and a "Silver" rating from EcoVadis (2).
(1) LTIF: Performance rate indicator applied by IOGP association
(2) EcoVadis: international player dedicated to assessing Companies’ Social Accountability
Maire Tecnimont S.p.A., listed on the Milan Stock Exchange, heads an industrial group which leads the global natural resource processing industry (downstream oil & gas plant engineering, with technological and executive expertise). Its subsidiary NextChem operates in the field of green chemicals and technologies in support of the energy transition. The Maire Tecnimont Group operates in 45 countries, through 50 companies and about 9,100 people. For further information: www.mairetecnimont.com.
Group Media Relations
Carlo Nicolais, Tommaso Verani
Tel +39 026313 7603