This rating positions the company as an industry leader in the management of environmental, social and governance risks and opportunities
Applus+ is pleased to announce it’s had its AA rating renewed this year by the rating agency MSCI ESG Research, which measures a company’s resilience to long-term, financially relevant environmental, social and governance (ESG) risks by using in-depth research and analysis of the business practices, including the use of artificial intelligence (AI) and alternative data.
The AA rating falls within the MSCI ESG Research category of “Leader” and recognises Applus+’ notable actions, stewardship, and attitudes in managing the most significant ESG risks and opportunities, and establishes the corporation as one of the world’s sustainability leaders in the testing, inspection and certification industry.
The recognition supports the overall corporate strategy that has made Applus+ a trusted partner of the industrial sector, motivated by a passion for progress towards a safer and more sustainable future. It reinforces the company’s focus on key values like integrity, transparency, impartiality, independence and responsibility, with a focus on managing people well under good governance and being mindful of its environmental impact. This paves the way to improved performance and has been an increasingly important objective in recent years, culminating in the Group´s adherence to several United Nations initiatives centered on the Sustainable Development Goals.
Applus+ is a multinational company characterised by a versatile portfolio that serves the quality and safety needs of a wide range of fields, including energy and civil infrastructure, transportation, building materials, industrial products, electrical and electronic and metrology services.
In addition to this AA rating from MSCI, Applus+ is recognised with an above-average B rating by CDP, which is in the Management band category and reflects how the company measures and manages its environmental impact. The Group is also included within the FTSE4Good Index Series of Ibex, a market-leading tool for those seeking to invest in companies with leading environmental, social and governance practices.
Fernando Basabe, Chief Executive Officer of the Applus+ Group, said: “We are proud to have achieved these strong ratings from MSCI and from CDP. Corporate governance, people development, climate change and the other factors encompassed within ESG present an increasingly important consideration for our management and stakeholders, and we welcome the increased scrutiny that this entails, as we have many positive attributes to talk about. We look forward to seeing continued progress and communication in this area.”
MSCI ESG Research provides MSCI ESG Ratings on global public and a few private companies on a scale of AAA (Leader) to CCC (Laggard), according to exposure to industry-specific ESG risks and the ability to manage those risks relative to peers. Learn more about MSCI ESG ratings here.
MSCI ESG Research provides in-depth research, ratings, and analysis of the environmental, social, and governance-related business practices of thousands of companies worldwide. Its research is designed to provide critical insights that can help institutional investors identify risks and opportunities that traditional investment research may overlook. The MSCI ESG Ratings are also used in the construction of the MSCI ESG Indexes, produced by MSCI, Inc. For more information, click here.
About the Applus+ Group
Applus+ is one of the world’s leading and most innovative companies in the Testing, Inspection, and Certification sector. It provides solutions for customers in all types of industries to ensure that their assets and products meet quality, health & safety, and environmental standards and regulations.
Headquartered in Spain, Applus+ operates in more than 70 countries and employs over 23,000 people. Applus+ operates through four global divisions, all of which operate under the Applus+ brand name. For the full year of 2019, Applus+ recorded revenue of €1,778 million and an adjusted operating profit of €197 million.
Applus+ is listed on the Spanish stock exchanges (Mercado Continuo). The total number of shares is 143,018,430.
ISIN: ES0105022000 Symbol: APPS-MC
For more information go to Applus.com