The upgrade, from an ‘A’ rating last year, reflects improvements in board-level oversight, ethical auditing, and data security measures based on MSCI’s review of Converge’s 2023 performance.
For everyday readers, an ESG rating is like a scorecard that shows how well a company handles things beyond profit: how it treats people, protects the environment, and runs its business ethically.
“Enhancing our ESG practices to align with global best practices has been central to our strategy because we believe this is how we can build a stronger and more sustainable business. Our improved standing shows that we are on the right track, particularly in areas like labor management, governance, and data security,” said Converge chief commercial officer and chief sustainability officer Benjamin Azada.
Converge earned high marks not only for its strong governance, but also for efforts like refurbishing over 80 percent of modems from churned subscribers and cutting network-related emissions by nearly 40 percent.
The company also doubled employee training hours to 57 per person last year.
“We are proud to have our efforts recognized and we remain committed to further advancing our ESG initiatives, especially in topics that matter most to our stakeholders,” Azada said.
Converge senior vice president and corporate compliance officer Laurice Tuason said the company launched climate resiliency measures, earned ISO 22301:2019 for business continuity, and applied key risk standards to critical partners.
