Morningstar Sustainalytics, a global provider of ESG data, research and ratings, has given One United Properties an Environmental, Social and Governance (ESG) risk rating of 18.4. This score underlines that from an ESG perspective, an investment in One United Properties carries a low risk.
“Achieving an improved ESG rating that qualifies as low risk was one of our key objectives for this year. We are delighted to deliver on this commitment to our investors and we are particularly proud of the strong performance across all corporate governance categories. Moreover, following the release of the Sustainalytics rating on One United Properties and based on the publicly available information, we are proud to be among the top performers in the BET index in terms of ESG risk score, surpassing all but two companies, both from the banking sector. Corporate responsibility and risk management are integral to our business, and this exceptional rating from Sustainalytics reaffirms our dedication to creating long-term value while prioritizing the ESG considerations,” said Victor Capitanu, co-CEO at One United Properties.
Previously, in the September 2022 assessment, One United Properties received an ESG risk rating of 20.0, considered borderline low to medium risk. According to Sustainalytics latest report, between 2022 and 2023, One United Properties ESG risk management improved by 29.4 percent, showcasing a substantial improvement in the robustness of the company’s ESG programs, practices, and policies.
Sustainalytics’ ESG Risk Ratings employ a comprehensive approach to evaluate a company’s exposure to industry specific ESG risks and its effectiveness in managing them. Utilizing a multi-dimensional methodology that combines management and exposure concepts, this approach provides an absolute assessment of ESG risk, categorized across five levels: negligible (0-10), low (10-20), medium (20-30), high (30-40), and severe (40+).
In the rating process, Sustainalytics identified the following aspects as material to One United Properties: corporate governance, ESG integration in the financial reporting, product governance, human capital, occupational health and safety, bribery and corruption, emissions, effluents and waste, as well as community relations.