Wiesloch, December 21, 2020 – MLP SE achieves 'Prime' status for the first time in the sustainability rating by Institutional Shareholder Services Inc. (ISS). As part of the regular review, MLP was able to improve its rating to "C". This result led MLP into Decile Rank “1” within its industry group.
To evaluate the companies in an industry group, ISS selects around 100 from more than 800 indicators in the areas of environment (E), social (S) and corporate governance (G), most of which are industry-specific. The indicators are constantly reviewed and refined to bring them in line with the latest scientific knowledge, technological developments, regulatory changes and societal debate. ISS applies the strictest standards when evaluating the indicators. According to ISS, "Prime" companies are sustainability leaders in their industry and are both better able to manage ESG risks and seize opportunities.
"Achieving 'Prime' status underpins the progress the MLP Group is making in implementing its sustainability strategy," explained Dr. Uwe Schroeder-Wildberg, Chief Executive Officer of MLP SE. "Our goal of making MLP climate-neutral across the Group by 2022 plays an important role in this, but we are also making progress step by step in the other topics."
Sustainability ratings are becoming increasingly important for investors. They provide investors with orientation about the quality of a company's sustainable actions and can also be a prerequisite for an investment. With the 'Prime' status, the MLP share also makes special recommendations for sustainability-oriented portfolios.
ISS ESG is the responsible investment division of Institutional Shareholder Services Inc, the world's leading provider of corporate governance and responsible investment for institutional investors.