In today’s briefing:
- Fewer TOPIX Remaining Companies Show the Difficulty of Producing Convincing Disclosures
- Ineos – ESG Report – Lucror Analytics
- Arcor – ESG Report – Lucror Analytics
- Volcan – ESG Report – Lucror Analytics
Fewer TOPIX Remaining Companies Show the Difficulty of Producing Convincing Disclosures
- 439 companies that will be excluded from TOPIX aren’t expected to face further selling pressure, but 43 companies that remain in TOPIX may have a positive impact in the future.
- Only 43 companies (8.9%) succeeded in exceeding 10 billion yen in tradable market capitalization; compared to 22.3% rise in TOPIX, the stock performance of the TOPIX exclusion candidates were lackluster.
- These companies with small market capitalizations represent a challenge that has made it difficult for them to attract investor attention and to come up with convincing disclosures.
Ineos – ESG Report – Lucror Analytics
- Lucror Analytics’ ESG Scores are based on a 3-tiered scale and are adjusted for Controversies (if applicable).
- We assess Ineos’ ESG as “Adequate”, in line with its Environmental, Social and Governance scores. Controversies are “Immaterial” and Disclosure is “Adequate”.
Ineos AG was awarded another gold sustainability rating by EcoVadis in 2022, while Ineos Group Holdings received a low-risk rating from Sustainalytics and was ranked the third-best commodity chemicals company out of 234 rated by the agency.
Arcor – ESG Report – Lucror Analytics
- Lucror Analytics’ ESG Scores are based on a 3-tiered scale and are adjusted for Controversies (if applicable).
- We assess Arcor’s ESG as “Adequate”, in line with its “Adequate” Social and Governance scores. The company’s Environmental pillar is “Strong”. Controversies are “Immaterial” and Disclosure is “Strong”.
- Arcor SAIC is one of the largest confectionery, cookie and food companies in Argentina. Founded in Cordoba, the company’s LTM Q2/23 sales and EBITDA stood at ARS 944.8 bn (USD 5.4 bn) and ARS 80 bn (USD 468 mn), respectively.
Volcan – ESG Report – Lucror Analytics
- Lucror Analytics’ ESG Scores are based on a 3-tiered scale and are adjusted for Controversies (if applicable).
- We assess Volcan’s ESG as “Adequate”, in line with its Environmental, Social and Governance scores. Controversies are “Immaterial” and Disclosure is “Adequate”.
- Volcan Cia Minera SAA is a polymetallic mining company in Peru. It is one of the largest producers of zinc, lead and silver in the world.
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