Fineco Listed Among the Top Sustainable Banks by Standard Ethics
- 24.06.2021 02:40 pm
The Independent Sustainability Agency Standard Ethics confirmed Fineco’s “EE+” rating for the second consecutive year – one of only two credit institutions currently awarded the most solid sustainability score .
Standard Ethics cited Fineco’s flexibility and a swift reactions to market challenges: characteristics which enabled the rapid implementation of ESG strategies in line with the international sustainability guidance from the UN, OECD and EU. Standard Ethics highlighted the development of adequate governance of sustainability tools, starting from FinecoBank's Board of Directors, representing best practice in terms of independence, professional pluralism and gender equality.
Lorena Pelliciari, Chief Financial Officer and chairman of Fineco Sustainability Management Committee:
“We’re very satisfied about this result as it confirms Fineco’s ability to keep over time the high levels reached in sustainability, while accelerating in its path of growth. Being considered among the excellence of the banking sector not only for our swift answer to market challenges, but also for our governance, strengthens our effort for widening to more and more fields our principles of corporate ethics.”
The “EE+” rating is considered by Standard Ethics Rating a “very strong investment grade", assigned to sustainable companies with a low reputational risk and a strong long-term growth prospects.
Fineco is a component of the Standard Ethics Italian Index, of the Standard Ethics Italian Banks Index, and is included in the FTSE4Good, in the Bloomberg Gender Equality Index and in the Nasdaq CRD Global Sustainability Index. FinecoBank is also a signatory of the UN Principles for Responsible Banking – a single framework for a sustainable banking industry developed through an innovative partnership between banks worldwide and United Nations Environment’s Finance Initiative.