MSCI Upgrades Energy Recovery’s ESG Rating to AAA
18 Julho 2023 - 8:00AM
Business Wire
Energy Recovery, Inc. (NASDAQ: ERII) announced today that MSCI
upgraded the company from an AA rating to its highest rating of AAA
in its latest environmental, social, and governance (ESG)
assessment completed on July 4, 2023.
MSCI’s evaluation recognizes Energy Recovery as one of the
highest performing companies within the Industrial Machinery
industry in MSCI’s All Company World Index, reflecting robust
corporate governance and labor management practices and significant
opportunities in clean technology.
MSCI uses a rules-based methodology to measure companies’
management of financially relevant ESG risks and opportunities
based on key sector-specific issues. Companies are evaluated based
on their exposure to ESG risks and how risk is managed relative to
peers. Ratings range from AAA (leader) to CCC (laggard).
The recognition comes just three years after initially being
rated BBB by MSCI, showcasing the company’s consistent and rapid
improvements across core metrics.
“Sustainability and resilience have always been central to our
business, from the technologies we develop for customers, to the
various ways we manage our day-to-day operations,” said Robert Mao,
Chairman of the Board, President, and Chief Executive Officer of
Energy Recovery. “This independent recognition of our work is
welcome, and we are excited about what the future holds for us as
we continue to expand our pressure exchanger technology into new
industries.”
MSCI ESG Research provides in-depth research, ratings, and
analysis of thousands of companies to provide insights to
institutional investors. Learn more about MSCI here.
DISCLAIMER: The use by Energy Recovery of any MSCI ESG Research
LLC, or its affiliates (“MSCI”) data, and the use of MSCI logos,
trademarks, service marks, or index names herein, do not constitute
a sponsorship, endorsement, recommendation, or promotion of Energy
Recovery and its affiliates by MSCI. MSCI services and data are
property of MSCI, or its information providers, and are provided
‘as-is’ and without warranty. MSCI names and logos are trademarks
or service marks of MSCI.
About Energy Recovery
Energy Recovery (NASDAQ: ERII) creates technologies that solve
complex challenges for commercial and industrial fluid-flow markets
worldwide. Building on our pressure exchanger technology platform,
we design and manufacture solutions that make industrial processes
more efficient and sustainable. What began as a game-changing
invention for desalination has grown into a global business
accelerating the environmental sustainability of customers’
operations in multiple industries. Headquartered in the San
Francisco Bay Area, Energy Recovery has manufacturing and research
and development facilities across California and Texas with sales
and on-site technical support available globally. For more
information, please visit www.energyrecovery.com.
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