ESG Ratings & Indices

Standard Ethics is an independent rating agency active since 2004, promoting the standard principles of sustainability and governance issued by the EU, the OECD and the United Nations. 

In 2022, the agency has upgraded BPER Banca’s Corporate Standard Ethics Rating (SER) to “EE+” from the previous “EE” with a positive outlook, going from a "Strong" rating in 2021 to a "Very Strong". 

Sustainable Fitch’s ESG ratings provide a qualitative and quantitative assessment of an entity’s impact on environmental, social and governance matters, according to third-party published principles and guidelines.

In 2023 BPER Banca confirmed the "3" rating (range from 5 to 1).

MSCI ESG Research provides MSCI ESG Ratings on global public and a few private companies on a scale of AAA (leader) to CCC (laggard), according to exposure to industry-specific ESG risks and the ability to manage those risks relative to peers.

In 2023, BPER Banca received a rating of AA (on a scale of AAA-CCC) in the MSCI ESG Ratings assessment.

The S&P Global Corporate Sustainability Assessment (CSA) is aimed at companies seeking to obtain an independent assessment of their performance, through a wide range of sector-specific economic, environmental and social criteria.

In 2023 BPER Banca scored 59 in the S&P Global Corporate Sustainability Assessment reflecting an improvement of 6 points compared to 2022.

Finally In 2022, BPER Banca was assigned, for the first time, an ESG Rating Solicited S&P Global Ratings ESG Evaluation process. At the end of the ESG assessment process, ended on January 2023, the rating company assigned to BPER Banca the score “Adequate” (range from “Low” to “Best in Class”).

The Carbon Disclosure Project is an international non-profit organisation that allows companies to declare and report on their risks linked to climate change and communicate their environmental performance to stakeholders.

In 2022, BPER Banca obtained a B rating for the management of climate change issues (range from D- to A) and a rating upgrade to A- for supplier engagement (range from D- to A).

The Institutional Shareholder Services ("ISS") group of companies supports investors and companies in building long-term sustainable growth by providing high-quality data, analysis and insights.

In 2022, BPER Banca's ISS ESG Rating is C- and is well within the 30% of companies in the sector with the highest relative ESG performance (range from D- to A+).

Morningstar Sustainalytics is a leading ESG research, ratings and data firm that supports investors around the world with the development and implementation of responsible investment strategies.

In November 2023, BPER Banca received an ESG Risk Rating of 14.7 and was assessed by Morningstar Sustainalytics to be at low risk of experiencing material financial impacts from ESG factors. In no event the ESG Risk Rating shall be construed as investment advice or expert opinion as defined by the applicable legislation.