Sofidel Recognized By Morningstar Sustainalytics For ESG Risk Management

(Logo courtesy of The Sofidel Group)

The Sofidel Group, a global producer of paper for hygienic and domestic use, has received a score of 14.4 from Morningstar Sustainalytics, placing it in the “Low Risk” category.

Sustainalytics, a Morningstar company, is an independent research institute that provides ESG (Environmental, Social, Governance) analysis and ratings to both institutional investors and corporations. It lists companies with a strong ability to manage the environmental, social and governance risks that characterize the three areas of responsibility of a company.

“In 2023, Sofidel was again confirmed as No. 1 in its target industry, Household Products, which included 105 companies including not only tissue paper but also household cleaning and personal hygiene products. Sofidel also ranks in the top 10% of more than 15,000 companies evaluated to date by Sustainalytics,” according to a press release.

“The Morningstar Sustainalytics rating confirms our solid commitment to ESG risk management policies,” Riccardo Balducci, Group Sustainability Director at Sofidel, said. “This type of analysis and assessment is increasingly important because it represents a benchmark for external observers and stakeholders, whose choices are more guided by companies’ ability to develop, implement, attest and share their sustainability strategies promptly; and because it allows companies to identify areas for possible further improvement.”

“The Morningstar Sustainalytics rating certifies that Sofidel’s overall ability to manage risks in the ESG area is ‘strong’ and it falls into the ‘Industry Top-Rated’ category,” according to the release. “Out of the 10 materiality indicators analyzed by the rating — that is, the timely definition of risk factors to be considered and managed to be consistent with business aims — nine turned out to have ‘negligible’ weight.”

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