Zain KSA continues to demonstrate excellence in Environmental, Social and Governance practices in Saudi Arabia’s telecommunications sector, recently achieving an “A” rating on the MSCI ESG Index.
Zain KSA’s improved rating on the index, from “BBB” to “A,” reflects the significance of the company’s initiatives, programs, and practices within the framework of environmental and social responsibility and effective governance. This comes as part of Zain KSA’s solid commitment to spreading an organization-wide ESG culture, embedding ESG performance indicators across its operational, financial and administrative levels, and throughout all departments and divisions.
Commenting on the achievement, Eng. Sultan bin Abdulaziz Al-Deghaither, CEO of Zain KSA, stated, "Zain KSA’s new (A) rating in the MSCI ESG Index reflects our robust sustainability strategy and our commitment to our role and responsibility in achieving economic, social and human development in the Kingdom, contributing to the goals of Saudi Vision 2030.”
Translating Zain KSA’s environmental sustainability plans into action, the telco recently launched the world’s first zero-carbon 5G network in partnership with Red Sea Global.
Eng. Al-Deghaither also emphasized their commitment to social development through several partnerships, including the collaboration with the Family Safety Program as part of the Child Helpline project and the partnership with the Ministry of Human Resources to train 50,000 young men and women from all over the Kingdom.
“This upgraded rating is a true indication of how our corporate sustainability strategy perfectly aligns with the United Nations’ Sustainable Development Goals (SDGs),” the CEO concluded.
The MSCI ESG Index is a world-leading provider of ESG indicators. The index involves more than 1,500 indicators designed to provide institutional investors with effective tools to integrate ESG considerations into their investment processes and portfolios by measuring performance and reporting on ESG mandates.
Notably, Zain also achieved an advanced rating in Management Scope “A-” in the Carbon Disclosure Project (CDP), a classification for companies that disclose information on the environmental impact of their initiatives and operations after meeting the CDP standards.
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