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Ninestar achieves uptick in ESG ratings

January 3, 2024

Ninestar has welcomed the new year with the news that its global Environment, Social and Governance rank has been bumped up to a Triple B (BBB) rating.

Morgan Stanley Capital International (MSCI) revised Ninestar’s ranking in December 2023, pushing the company through B rating to triple-B rating. MSCI, which is headquartered in New York, is a global provider of various indices including ESG and climate ratings.

Under the leadership of Remond Kong, President of Ninestar Corporation, its ESG performance has significantly improved in 2023. Kong implemented a comprehensive ESG management framework that extends throughout every level of the company’s operations, Ninestar emphasised.

“The substantial strides made in ESG management in 2023 marked a pivotal milestone for Ninestar,” Kong said. “We’re striving for sustainable development and working towards a carbon-neutral target,” he added.

The MSCI ESG evaluation provided Ninestar with valuable insights into the ESG practices of outstanding enterprises in the markets. This, in turn, has helped drive Ninestar to improve its ESG management and corporate governance, the company explained.

Ninestar explained that ESG management proficiency measures a company’s sustainability and social responsibility, and its ESG rating serves as a clear reflection of its commitment to these principles. Ninestar added that it reinforces this dedication by enhancing transparency and ESG practices in its annual reporting. Following the release of its first ESG report in June 2022, the company said it is now actively preparing its third ESG report.

“Our dedication lies in continuously nurturing innovation across our products and services, enhancing our competitive edge, engaging actively in sustainable practices, and propelling ourselves towards greater levels of managerial sophistication,” Kong concluded.

Categories : Around the Industry

Tags : Business ESG Rating Framework Management Ninestar

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