In today’s briefing:
- Nobian – ESG Report – Lucror Analytics
- Aeropuertos Argentina 2000 – ESG Report – Lucror Analytics
- EVOCA – ESG Report – Lucror Analytics
- Cable Onda – ESG Report – Lucror Analytics
- Employee Stock Compensation Plans Need to Be Designed to Increase Employee Engagement
- Hapag-Lloyd – ESG Report – Lucror Analytics
Nobian – ESG Report – Lucror Analytics
- Lucror Analytics’ ESG Scores are based on a 3-tiered scale and are adjusted for Controversies (if applicable).
- We assess Nobian’s ESG as “Adequate”, in line with its Environmental, Social and Governance scores. Controversies are “Immaterial” and Disclosure is “Strong”.
- Nobian is a leading integrated European chemicals manufacturer and supplier in the energy-salt-chlorine value chain.
Aeropuertos Argentina 2000 – ESG Report – Lucror Analytics
- Lucror Analytics’ ESG Scores are based on a 3-tiered scale and are adjusted for Controversies (if applicable).
- We assess Aeropuertos Argentina 2000’s ESG as “Adequate”, in line with its Social, Environmental and Governance scores. Controversies are “Immaterial” and Disclosure is “Adequate”.
- Aeropuertos Argentina 2000 (AA2000) is Argentina’s largest airport operator. In 1998, it was granted a 30-year concession by the national government for the use, operation and management of 37 airports, out of a total of 56 in the country.
EVOCA – ESG Report – Lucror Analytics
- Lucror Analytics’ ESG Scores are based on a 3-tiered scale and are adjusted for Controversies (if applicable).
- We assess EVOCA’s ESG as “Adequate”. The company has “Adequate” Governance and Social scores, but a “Weak” Environmental score. Controversies are “Immaterial” and Disclosure is “Adequate”.
- EVOCA (formerly N&W Vending) is a manufacturer of professional coffee machines, as well as machines for hot & cold beverages and snacks.
Cable Onda – ESG Report – Lucror Analytics
- Lucror Analytics’ ESG Scores are based on a 3-tiered scale and are adjusted for Controversies (if applicable).
- We assess Cable Onda’s ESG as “Adequate”. The score mirrors our “Adequate” ESG assessment for parent Millicom. The parent discloses ESG-related information on a consolidated basis, without meaningful details for its opco issuers of USD bonds, Cable Onda (Panama), Comcel (Guatemala) and Telecel (Paraguay).
- Millicom’s ESG is “Adequate”, reflecting “Adequate” Social and Environmental scores, along with a “Strong” score for the Governance pillar. Controversies are “Immaterial” and Disclosure is “Strong”.
Employee Stock Compensation Plans Need to Be Designed to Increase Employee Engagement
- Employee motivation is reflected in the fact that employee salaries have barely increased in 10 years (employee engagement in Japan has been 5% for four consecutive years).
- First, employee salaries must be increased. Even during deflation, the consumption tax has been raised twice in the past decade, and the national burden rate has also increased.
- When introducing employee stock compensation plan, it will be necessary to make sure that the plan is not only designed to supplement employee pay, but also to increase employee engagement.
Hapag-Lloyd – ESG Report – Lucror Analytics
- Lucror Analytics’ ESG Scores are based on a 3-tiered scale and are adjusted for Controversies (if applicable).
- We view Hapag-Lloyd’s ESG as “Adequate”. The company’s “Adequate” Environmental score offsets its “Strong” Social and Governance scores, as the Environmental pillar carries the highest weightage in our assessment. Controversies are “Immaterial” and Disclosure is “Adequate”.
- Following a wave of consolidations and its merger with UASC, Hapag-Lloyd has become the fifth-largest provider of container shipping services globally, with its market share of 8% placing the company behind Maersk/Hamburg Sud, Mediterranean Shipping Company, Cosco-OOCL and CMA CGM-NOL.
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