Standard Ethics sube el rating de Red Eléctrica (I)

   

Londres, 18 de marzo de 2021. Standard Ethics ha mejorado el Corporate Rating de Red Eléctrica al pasar a EE [1] del anterior EE-. La Sociedad forma parte del SE Spanish Index y del SE European Utilities Index.

Red Eléctrica Corporación S.A. gestiona la red de transporte de energía eléctrica en España y se ocupa de redes de alta tensión y sistemas de producción y distribución de la energía. Además, desempeña actividades en otros países, incluso en Latinoamérica. La Sociedad forma parte del SE Spanish Index y del SE European Utilities Index: en este último índice también están presentes otras empresas españolas como Iberdrola, Enagas, Endesa, EDP Renováveis y Naturgy Energy Group.

De conformidad con la metodología de Standard Ethics, el Grupo español está alineado con las pautas internacionales de Sostenibilidad y también cumple con las peticiones de la Unión Europea sobre temas como el acceso equitativo a la red y la calidad de los servicios. La información ESG está alineada con los estándares más difundidos.

Por lo que atañe al ámbito de la gobernanza corporativa, los intereses de los accionistas de minoría parecen estar protegidos de manera adecuada; no cabe olvidar, finalmente, que la Sociedad ha logrado la igualdad de género en su propio órgano directivo.   

** NOTAS METODOLÓGICAS A CONTINUACIÓN [2] [3] **

[1] Las calificaciones se basan en una escala de 9 notas expresadas con letras. Cualquier calificación igual o superior a "EE-" indica un buen nivel de conformidad.

[1] Las políticas de desarrollo sostenible afectan a las generaciones futuras, han cobrado un calado mundial y se aplican con carácter voluntario. Corresponde a las principales organizaciones supranacionales, reconocidas oficialmente por las naciones, establecer, a través de la ciencia, definiciones, líneas directrices y estrategias ESG relacionadas con el desarrollo sostenible. Las entidades económicas persiguen, en la medida en la cual se considera posible, objetivos, estrategias y líneas directrices sobre la sostenibilidad, no los definen.

[1] Standard Ethics tiene en cuenta las lineas directirces publicadas por ESMA para los comunicados de prensa.   

Standard Ethics is a Self-Regulated Sustainability Rating Agency that issues Non-Financial Sustainability Ratings. In the absence of supervisory bodies and international legislative standards for ESG solicited ratings, Standard Ethics has been self-regulating since the beginning of its activity, applying the models of credit rating agencies.

Standard Ethics clients are companies that wish to receive a rating (Applicant-Pay Model) and no consultancy is provided to investors.

As a brand, Standard Ethics has been making a name for itself in the world of Sustainable Finance and ESG (Environmental, Social and Governance) studies since 2004 and aims to promote sustainability and governance standard principles emanating from the European Union, the OECD and the United Nations.   

Standard Ethics Rating (SER) solicited and unsolicited

The STANDARD ETHICS RATING (SER) is an opinion on how distant a corporation (or issue) is from international sustainability guidelines.

It has the following characteristics: it is "solicited", "standard" and "independent"; it is issued at the request of the client through a direct and regulated one-to-one relationship; the algorithm is compliant with the indications and guidelines provided by the European Union, the OECD and the United Nations on sustainability and sustainability governance; its assignment is incompatible with the supply of any other services that differ from ESG ratings or evaluation. By applying this methodology, Standard Ethics approach can be considered as 'ethically neutral.   

Any philanthropic or socio-environmental policies that are not aligned with sustainability indications do not have positive effects on the rating. Unsolicited Ratings are issued to update Indices and OECD country rankings. even in these cases, the principles of standardization and independence mentioned above, which are at the base of Standard Ethics activities, remain valid.

Corporate, Security, Country: three rating typologies

The Corporate SER is assigned to a corporate entity as a whole (whether it is an issuer or not).

The Security SER is assigned to a General-Purpose issue (bond or other financial debt instrument). However, the analysis takes into account the issuer, its nature and industrial plans, as well as its development and sustainability strategies.

The Country SER evaluates the OECD nations to which the following have been added over time: Argentina, Brazil, Bulgaria, China, Egypt, India, Romania, Russia, South Africa and the Vatican City State. In assessing nations, Standard Ethics favours nations with a stable and proven democracy that meets the highest standards in terms of human rights, environmental policies, relations with developing countries, and sustainable economic structures, capable of guaranteeing a high level of substantive and formal democracy and common security.

Publication of Standard Ethics Rating

The agency publishes the ratings ("solicited" or "unsolicited") attributed to the constituents of its indices. It does not undertake any commitments for others.

Standard Ethics Rating scale

The final evaluations by Standard Ethics on the level of conformity of companies and nations to sustainability principles (Standard Ethics principles) are expressed by means of nine different STANDARD ETHICS RATING classifications: EEE; EEE-; EE+; EE; EE-; E+; E; E-; F. An EE- classification or above indicates compliance. Each single rating classification can have a positive or negative Outlook. Whenever a company or country is downgraded to an F, holding its securities may have a negative impact and a Security Segregation Impact Notice (SSIN) will disclose details. Those nations and companies which do not comply with the values expressed by the United Nations, OECD and EU, or that do not release enough information, or are facing major changes, do not receive ratings and are included amongst the pending issuers.   

Communication and Public Affairs Office      

www.standardethics.eu

headquarters@standardethics.eu

Tracey Waters Communications Manager

tracey.waters@standardethics.eu

Filippo Cecchi Communication & Public Affairs, Director

filippo.cecchi@standardethics.eu