Kimball Electronics Achieves Prime ESG Rating
Kimball Electronics Inc
Kimball Electronics has proudly announced its attainment of the esteemed "Prime" Environmental, Social, and Governance (ESG) Corporate Rating from Institutional Shareholder Services (ISS), a renowned agency specialising in corporate governance and sustainable investments.
This recognition reinforces Kimball Electronics' dedication to ESG principles, complementing its earlier top-tier QualityScore rating in the ESG pillars by ISS. With this accomplishment, the company secures its position among the top 10% in the industry, showcasing its robust ESG programmes and transparency.
Kimball Electronics has demonstrated its commitment to sustainability by publishing an annual ESG report aligned with frameworks such as the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-Related Financial Disclosures (TCFD). The company also emphasises its alignment with the UN Sustainable Development Goals and the UN Global Compact.
The Prime status bestowed by ISS ESG signifies that Kimball Electronics surpasses the sustainability performance requirements across 100 sector-specific ESG factors, cementing its position as a leader in the Electronic Components sector.
In addition to ISS ESG, other renowned organisations have recognised Kimball Electronics' sustainability efforts. Morgan Stanley Capital International (MSCI) awarded the company an "AA" rating in its ESG Ratings, placing it in the top 9% of companies in the "Electronic Equipment, Instruments & Components" industry.
Morningstar Sustainalytics, a prominent ESG research and ratings firm, ranks Kimball Electronics as the number one company in both the electronics manufacturers and broader technology hardware industry for ESG risk.
Furthermore, Kimball Electronics is among the top five companies out of the over 15,000 worldwide that Morningstar Sustainalytics rates, showcasing the company's comprehensive ESG programmes, practices, policies, and disclosures.
Kimball Electronics' Chief Legal and Compliance Officer and Secretary, Doug Hass, expressed satisfaction with the attainment of the ISS QualityScore and the Prime rating. The company's commitment to sustainability, diversity, equity, inclusion, and belonging is further reinforced by this recognition, highlighting its market leadership in ESG.
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Source: BUSINESS WIRE