Converge ICT gets ESG rating upgrade
MANILA -Fiber internet tycoon Dennis Anthony Uys Converge ICT Solutions scored big in a closely-followed global environment, social and governance (ESG) index, helping it gain exposure among investors.
In a statement on Thursday, Converge said it received a rating of A in the MSCIs ESG ratings assessment review released last May 17. This was better than its previous rating of BBB.
Companies desire better ratings since this could open the door to more investors and potentially increase their share price.
Since announcing our sustainability commitment in 2021, we have been laser focused on managing the ESG topics that matter most to our stakeholders, particularly our customers, our employees, and our investors, Converge executive vice president and chief sustainability officer Benjamin Azada said in a statement.