Tag: ESG

Asda continues strong ESG performance with latest rating

Stuart Mitchell

Asda has announced a continued strong performance in its ESG rating score, following an external assessment by financial services ratings’ agency Sustainable Fitch. For the third consecutive year in a row, Asda received an entity rating of 3 (1 = excellent, 5 = poor) and an entity score of 57, matching last year’s result. The score from Sustainable Fitch takes into account “Asda’s continued efforts to mitigate material environmental and social impacts from its wide range of consumer products”. An ESG rating is an external assessment of a company’s ESG performance…

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Demand for ESG ratings remains strong but companies seek more alignment with reporting standards, according to ERM research

Stuart Mitchell

ERM’s latest assessment of the ESG rating landscape finds that corporate sustainability professionals continue to value and engage with ratings agencies but are taking a more selective approach based on stakeholder needs. Rate the Raters, developed by ERM’s Sustainability Institute, finds that most (84 percent) companies plan to continue engagement with ESG ratings and see them as an important part of their sustainability strategy. However, more than three-quarters (77 percent) also emphasize the need for closer ratings methodology alignment with leading mandatory and voluntary sustainability standards. Investor demand drives engagement…

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Asda updates on ESG performance

Stuart Mitchell

Asda has published its fifth Environmental, Social and Governance Report, updating on the progress made towards its ESG targets last year. Key updates from the report include: Net Zero Carbon A 12% reduction in operational carbon emissions (scope 1&2) since 2023. Asda has now reduced its scope 1&2 carbon footprint by 48% since 2021 – meaning Asda is likely to hit its 2025 goal of a 50% reduction. This reduction was driven by Asda’s investment in two new Bio-LNG (liquefied natural gas) refueling facilities in 2024 – which significantly cut…

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UK’s first charity ESG survey: sector keen to engage, prioritizes social and governance over environmental issues

Stuart Mitchell

Analysis of Eastside People’s first Environmental, Social and Governance (ESG) survey (supported by partner ACEVO) has found that most organisations (67%) do not yet have a ESG strategy, and very few have a holistic, fully integrated strategy (3%). Almost half (42%) of participating organisations are ‘considering developing’ an ESG strategy, indicating that they are engaged with ESG as a concept, but have not yet defined what it means for their organisation. The most significant gap between importance and progress ratings across the whole survey was in the area of Equality,…

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UK’s first charity ESG survey: sector keen to engage, prioritizes social and governance over environmental issues

Stuart Mitchell

Analysis of Eastside People’s first Environmental, Social and Governance (ESG) survey (supported by partner ACEVO) has found that most organisations (67%) do not yet have a ESG strategy, and very few have a holistic, fully integrated strategy (3%). Almost half (42%) of participating organisations are ‘considering developing’ an ESG strategy, indicating that they are engaged with ESG as a concept, but have not yet defined what it means for their organisation. The most significant gap between importance and progress ratings across the whole survey was in the area of Equality,…

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