MSCI upgrades VEON to 'AA' ESG Rating
05 3월 2024 - 3:00AM
UK Regulatory
MSCI upgrades VEON to 'AA' ESG Rating
Amsterdam, 4 March 2024: VEON
(NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator
that provides converged connectivity and online services, announces
that, MSCI has raised the Company’s Environmental, Social, and
Governance (ESG) rating to 'AA' from 'A'.
This upgrade positions VEON within the ‘Leaders’
category amongst the 131 telecommunication services companies
evaluated by MSCI, demonstrating our commitment to sustainable and
ethical business operations.
“Our 'AA' rating from MSCI demonstrates VEON’s
success in integrating and implementing a strategy aimed at making
a positive societal impact, ensuring ethical governance and
contributing to environmental stewardship. This upgrade and our
position in the ‘Leaders’ category for our industry reflects VEON's
persistent efforts to incorporate sustainable and responsible ESG
practices across our operations, raising the bar consistently and
with dedication.
“I am particularly pleased to see that VEON has
scored above the industry average for labour management, with MSCI
noting our focus on employee engagement and satisfaction. The ESG
rating agency also named VEON’s exit from Russia as a factor
contributing to the rating upgrade. MSCI also noted VEON’s good
practices in end user data management, noting that our data
security framework is on par with industry peers and features
certification to widely recognized data security standards.
“Finally, corporate governance is another area
where VEON excelled in comparison to our peers, according to MSCI,
with a majority independent Board of Directors. This Board makeup
reflects not only globally accepted good practices, but also the
fact that VEON has no controlling or majority shareholder,”
said Kaan Terzioglu, VEON Group CEO.
VEON’s focus on “4G for all” and digital
services resulted in significant improvements in digital and
financial inclusion in the 6 markets where our Group companies
operate: Pakistan, Ukraine, Bangladesh, Kazakhstan, Uzbekistan and
Kyrgyzstan. Our digital operators amplify their positive social and
environmental impact, prioritizing inclusive workplace practices
and broader initiatives that drive diversity and inclusion, as well
as supporting environmental sustainability. VEON remains committed
to maintaining high standards in ethical and transparent of
governance, serving a broad group of stakeholders.
For further details on VEON and our ESG
practices, please visit our website at
https://www.veon.com/we-are-veon/sustainability.
About VEON
VEON is a digital operator that provides converged connectivity and
digital services to nearly 160 million customers. Operating across
six countries that are home to more than 7% of the world’s
population, VEON is transforming lives through technology-driven
services that empower individuals and drive economic growth.
Headquartered in Amsterdam, VEON is listed on NASDAQ and Euronext.
For more information visit: www.veon.com
Disclaimer
This release contains “forward-looking statements,” as the phrase
is defined in Section 27A of the U.S. Securities Act of 1933, as
amended, and Section 21E of the U.S. Securities Exchange Act of
1934, as amended. Forward-looking statements are not historical
facts, and include statements relating to, among other things,
VEON’s strategy and sustainability initiatives. Forward-looking
statements are inherently subject to risks and uncertainties, many
of which VEON cannot predict with accuracy and some of which VEON
might not anticipate. The forward-looking statements contained in
this release speak only as of the date of this release. VEON does
not undertake to publicly update, except as required by U.S.
federal securities laws, any forward-looking statement to reflect
events or circumstances after such dates or to reflect the
occurrence of unanticipated events.
Contact
VEON
Hande Asik
Group Director of Communications
pr@veon.com
Faisal Ghori
Group Director of Investor Relations
ir@veon.com
Veon (LSE:0RO7)
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