Top Score for Avinor in ESG Risk Assessment
Avinor has achieved a top score in its inaugural ESG (Environmental, Social, and Governance) risk assessment conducted by MSCI. – We are now receiving well-deserved recognition for this work, says Hilde Vedum, CFO of Avinor.
Avinor has achieved a top score in its inaugural ESG (Environmental, Social, and Governance) risk assessment conducted by MSCI, a leading global provider of ESG ratings and analysis.
The ESG rating measures companies’ resilience to long-term ESG risks and ranks them on an industry-relative AAA-CCC scale based on the most relevant key areas for the company’s business model. The model underlying MSCI’s ratings is based on three pillars: Environment, Social Responsibility, and Corporate Governance, each with a range of sub-themes. MSCI’s process is based on a thorough review of information provided by the company, as well as MSCI’s own research into publicly available information about Avinor.
Key Figures:
- Maximum achievable score: 10.0
- Avinor’s total score: 8.3
- Environment: 10.0 (19% weight)
- Social Responsibility: 8.0 (37% weight)
- Corporate Governance: 7.8 (44% weight)
– We are very pleased to receive this rating, says Hilde Vedum, CFO of Avinor.
– After an extensive process covering a wide range of topics, we are proud to have succeeded in compiling an overall picture that reflects how ESG efforts are integrated into all parts of Avinor’s operations. This has been well received by MSCI, a recognized player in the global financial markets. Avinor has long worked systematically and invested significant resources in most of the areas underlying MSCI’s assessment. We entered the process with the ambition to perform well, and we are now receiving well-deserved recognition for this work. This is particularly relevant at a time when sustainability and finance are increasingly interconnected, and the result strongly contributes to building trust with our owners, the board, lenders, and society at large.
Avinor’s performance places the company among the leaders of its sector, transportation and infrastructure, in the evaluated areas. The strong result underscores Avinor’s commitment to sustainability, responsible corporate governance, and social responsibility. The company will continue to prioritize sustainability and transparency in its efforts toward a greener future for Norwegian aviation.
Avinor sought the assessment from MSCI following inquiries from the company’s institutional lenders in the European bond market. The capital market has long embraced sustainability and ESG topics, and companies with capital needs are increasingly evaluated based on their ESG agenda. An third-party assessment strengthens the credibility and trust in this agenda.
For more information, please contact:
Hilde Vedum
Finance Director
Email: hilde.vedum@avinor.no
Mobile: +47 99500534
Per Gunnar Ølstad
Head of Investor Relations
Email: per.gunnar.olstad@avinor.no
Mobile: +47 90693858
