Global environment, social and governance ratings agency Sustainalytics has upgraded Mitie’s ESG score to 9.8, denoting ‘negligible risk’, in its latest assessment.
The score elevates Mitie’s ranking to 88th place out of a total of 13,404 organisations to have been assessed by Sustainalytics – also propelling the outsourcer to top position in the business support services sector globally.
The scoring follows a recent trend of Mitie rising through the ranks with ESG ratings agencies. For example, in December 2020, Mitie was awarded an ‘A-‘ Climate Change score by CDP, moving it from an ‘awareness’ level to a ‘leadership’ level in just one year. Similarly, in the same month, Mitie was upgraded from an ‘A’ to an ‘AA’ score by MSCI.
In February 2020, the group launched a Plan Zero commitment to reach net zero carbon emissions by 2025 which included a further commitment to create a fleet of electric vehicles (EV), switching office locations to renewable energy sources, and launching multiple new services – including a ‘Plan Zero City Landscaping Service’ and Zero Carbon, Zero Cost model to help its customers reduce their emissions.
Simon King, Director of Sustainability and Social Value, says:
“We’ve been on a mission to drive sustainability at speed. And though we are still on the first leg of that journey, we’re proud to see our efforts recognised by the investor community.
“We look forward to pushing ourselves, further, faster, to reach net zero carbon, and help our customers reduce their emissions too.”