By BUUMBA CHIMBULUMTN Group’s priority to improve its Environmental, Social and Governance (ESG) performance has led to significant upgrade in its overall rating to 4.3 as at end of December 2021.The ESG rating was given by FTSE Russell, and this also saw an inclusion of MTN in the FTSE/JSE Responsible Investment Top 30 Index.Noting an improvement across each of the ESG pillars, FTSE upgraded MTN’s overall rating to 4.3 at end-December 2021 from 2.9 previously.The ratings are scored out of 5.0, according to a statement issued in Lusaka yesterday.It stated that in the telecoms sector, MTN moved from the 34th percentile in December 2019, the last time such a ranking was performed to the 97th percentile in December 2021.MTN Group received the maximum 5.0 points as a social score compared to 3.2 previously, 4.5 points from 4.0 as a governance score and 3.6 from 1.9 as an environment score.“We are encouraged by this re-rating, and […]
MTN rating improves
