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 ...