Press Releases - BFF Banking Group
News & Media
Milano, 6th February 2023 - BFF Bank S.p.A. (“BFF”, or the “Group”) is proud to announce the upgrade from BBB to AA of the ESG rating assigned by MSCI, a leading international ESG rating company that analyzes about three thousand companies globally.
MSCI places BFF Bank on excellence levels for governance issues, in the highest score range compared to global peers. The analysis highlights that BFF’s board has an independent majority, and split chair and CEO roles, and this may bolster oversight of management.
The rating also acknowledged the value of BFF’s talent management initiatives, with a particular reference to the development of regular employee engagement surveys and staff training programs.
Massimiliano Belingheri, CEO of BFF Banking Group, said: “The results that MCSI's ESG rating acknowledges, and which place us in the highest score range among global peers, are a source of gratification and further encouragement for us to continue on our path of sustainable growth."
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. Learn more about MSCI ESG ratings here.