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29 Jan 2024 - 12:06
BFF improves ESG rating from Morningstar Sustainalytics ranking second in its sub-industry among companies with a similar market capitalization
Milan, 29th January 2024 - BFF Bank S.p.A. (“BFF”, or the “Group”) is proud to announce that, following the independent annual assessment by Morningstar Sustainalytics*, the Group scored 17.0 in ESG risk rating, with an improvement versus the previous analysis, confirming the "Low Risk" category.
Morningstar Sustainalytics’ rating contributes to enhancing transparency and visibility on BFF’s sustainability path, measures the Group’s exposure to industry-specific material ESG risks, and assesses the management behaviour in addressing those risks.
BFF ranks in the 11th percentile of its sub-industry, Regional Banks, in the 16th percentile of the Banks category and in the 18th percentile of the Morningstar Sustainalytics’ universe.
BFF has also ranked second in its “sub-industry” among companies with market capitalization of c. USD 2.1 bn.
For more information on BFF’s sustainability policy and Sustainalytics’ rating, please refer to the Sustainability section on BFF’s website.