"House" You get a classification "A" In environmental and social standards and governance "Msci"
Abu Dhabi, June 24 / WAM / The Dar Group announced the upgrade of its classification to the category “A” in the latest “MSCI” classification assessments of environmental, social practices and corporate governance, which puts it in the upper quarterly chip of real estate companies covered in the world level.
“MSCI” is a leading global classification agency, which evaluates the extent to which companies are exposed to risks related to environmental and social fields and governance in their sector, and their ability to manage these risks compared to counterpart companies.
This improvement in the classification of the house came as a result of the remarkable progress made by the group in governance practices, as the evaluation of its “institutional behavior” that measures both work ethics and transparency increased by 2.1 points, to reach 8.3 out of 10 points, and this evaluation puts the house in the higher segment of the sector in the markets of Europe, the Middle East and the emerging Africa.
Faisal Kansnaz, CEO of Financial Affairs and Sustainability in the house, said that the promotion reflects the great steps that have been made in adopting the best environmental and social standards and governance as a fundamental principle in the business approach at the group level, explaining that the “house” continues to provide in implementing the strategic road map for growth, and continues its commitment to adding a responsible value and achieving transparency to ensure the positive contribution towards all the parties concerned And the local economy.
Investors rely on these classifications widely to assess how companies are managing long -term risks, and obtaining a “A” classification is a clear indication that integrating the principles of environmental and social practices and governance into the group of long -term group strategy has a tangible impact.
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