Universal Scientific Industrial

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  •  09/21/2020

USI was Rated BB in MSCI ESG from Laggard to Average

(2020-09-21 Shanghai) Recently, Morgan Stanley Capital International (MSCI) has raised USI's (SSE: 601231) Environmental, Social, and Governance (ESG) ratings from "B' to "BB". This upgrade is mainly attributed to its progress in labor-management programs, such as providing engagement surveys and employee stock ownership plans. As of August 31, 2020, MSCI published the ESG ratings of 483 A-share listed companies in China, there are more than 60% of the A-share companies evaluated were rated B or below. Of the 30 Electronic Equipment, Instruments & Components Industry peers in the A-share market, 3% was rated A, 7% rated BBB, 20% rated BB, and USI was rated BB.

MSCI is a leading provider of global indexes and ratings from data modeled and analyzed with artificial intelligence based on companies' public disclosures. Due to its objectiveness, fairness, and openness, MSCI indexes have become well-recognized as a beacon for investment institutions worldwide. MSCI ESG Ratings measure companies according to exposure to industry-specific ESG risks and their ability to manage them.

USI understands companies should create social value in addition to economic value.  On top of regulations and ethics compliance, USI is committed to improving sustainability practice in corporate governance, environmental protection, social engagement, and labor rights. Our corporate value of "Realizing IDEAS Together" is expanded to encompass sustainable ESG practices, integrated with our business strategy and management.
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