(Alliance News) - FinecoBank Spa announced Tuesday that independent agency Standard Ethics has confirmed its rating at "EE+" for the fourth consecutive year, giving the bank the strongest sustainability rating among those currently assigned in the credit sector. Standard Ethics also revised the outlook upward to "positive" from "stable."

The company points out that in its reasons for the decision, Standard Ethics stresses that the careful management and implementation of Esg policies appear to be "a now structural feature of the Bank," while the sustainability governance model adopted by Fineco is in line with voluntary UN, EU and OECD proposals. In addition, the qualitative-quantitative composition of the top bodies "represents excellent industry practice" in terms of independence, diversity and gender equality.

Lorena Pelliciari, Chief Financial Officer and chair of Fineco's Sustainability Management Committee commented, " The extremely positive judgment that emerges from the analysis confirms how Fineco's development is stably directed within a sustainable growth path. We believe that the integration of Esg policies within the overall strategy represents one of the keys to meeting the expectations of our clients, who are increasingly sensitive to sustainability issues, and at the same time achieving the bank's ESG objectives."

The "EE+" rating in the Standard Ethics Rating is associated with "very strong conformity to Standard Ethics Sustainability principles," assigned to sustainable companies with lower reputational risk profiles and good long-term prospects.

FinecoBank trades up 0.2 percent at EUR12.85 per share.

By Chiara Bruschi, Alliance News reporter

Comments and questions to redazione@alliancenews.com

Copyright 2023 Alliance News IS Italian Service Ltd. All rights reserved.