ESG rating of 77, category 'Very Good' with Grade B+, assigned by CFC Finlease
3M India has received an ESG rating of 77 from CFC Finlease Private Limited.
- ESG Rating Assigned
- 77
- Rating Category
- Very Good
- Grade
- B+
What was announced
The company has informed the stock exchanges that CFC Finlease Private Limited has assigned it an Environmental, Social and Governance (ESG) rating of 77. As per the rating agency's website, 77 falls in the "Very Good" category, with Grade B+. The company received this email today.
The disclosure was made to BSE (Scrip Code 523395) and NSE (Scrip Code 3MINDIA), with reference to Regulation 30 of the SEBI (LODR) Regulations, 2015.
The figures to note
- ESG rating assigned: 77
- Category as per the rating agency's website: "Very Good"
- Grade: B+
- Rating provider: CFC Finlease Private Limited
Who did the rating and on what basis
The company has stated that it has not engaged CFC Finlease for this ESG rating. The report was prepared independently by CFC Finlease using data available in the public domain. That means the assessment was not commissioned by the company and was not built on information supplied by the company to the rating agency.
How such a rating is usually read
ESG ratings are third-party opinions on how a company performs on environmental, social and governance matters. They are not a financial figure such as revenue or profit, and they do not change the company's reported financials. Rating scales differ from one agency to another, so a score from one provider is not directly comparable with a score from another. A rating in the "Very Good" category with Grade B+ reflects the assessing agency's view of the company's ESG position based on publicly available information at the time of the assessment.
What to keep in mind
- This is a disclosure of a rating that the company received, not a rating it commissioned.
- The score of 77 and the grade B+ are the two quantitative takeaways from this update.
- For a fuller picture, ESG scores are best read alongside the company's own disclosures and across more than one rating provider.
More numbers
- ESG rating assigned77
- Grade accompanying the ESG ratingB+
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