Daily Brief ESG: Inretail RE - ESG Report - Lucror Analytics and more

In today’s briefing:

Inretail RE – ESG Report – Lucror Analytics
Inretail Consumer – ESG Report – Lucror Analytics
Manager’s Real Intent to Prevent Further Increase in Ratio of Independent Directors Is Revealed

Inretail RE – ESG Report – Lucror Analytics

Lucror Analytics’ ESG Scores are based on a 3-tiered scale and are adjusted for Controversies (if applicable).
We assess InRetail RE’s ESG as “Adequate”, in line with its Environmental, Social and Governance scores. Controversies are “Immaterial” and Disclosure is “Adequate”.
We have based our assessment on parent InRetail Peru Corp’s sustainability reports, which disclose ESG-related information on a consolidated basis, with some details provided for its (bond-issuing) credit pools InRetail RE and InRetail Consumer.

Lucror Analytics’ ESG Scores are based on a 3-tiered scale and are adjusted for Controversies (if applicable).
We view InRetail Consumer’s ESG as “Adequate”, in line with its Environmental, Social and Governance scores. Controversies are “Immaterial” and Disclosure is “Adequate”.
Our assessments are based on the sustainability report by parent InRetail Peru Corp, which discloses ESG-related information on a consolidated basis, with some details for its bond-issuing credit pools InRetail Consumer and InRetail RE.

The Kankeiren intends to prevent further increases in the ratio of independent directors because of the small number of candidates for outside directors.
One reason why the substance of the Corporate Governance Code has not improved is that independent directors are a minority on the board.
The company is also responsible for not developing female internal executive director candidates, relying on outside directors for female directors, and not appointing foreign talent to the board.

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