TOWR MSCI ESG ratings upgraded to AA

News · Tuesday, 23 January 2024 06:00

Jakarta 23 January 2024. Source: Company

TOWR, the holding company of Protelindo and iForte had recently received upgrade to AA from MSCI ESG Ratings ("MSCI ESG") from BBB a year ago.

Aming Santoso CEO and President Director of Sarana Menara Nusantara Tbk (TOWR) said:

"Dear Shareholders, we are pleased to report that TOWR had just received another acknowledgement of improvement in our ESG profile from MSCI ESG Ratings to AA. As we all know, Indonesia capital market regulators had just regulated ESG disclosure to all publicly listed companies back in 2020 and we got our first initiation rating MSCI ESG at BB in 2021.

Today in January 2024, TOWR has been upgraded to AA from BBB a year ago. Management of TOWR together with subsidiaries Protelindo and iForte will strive to maintain and improve this rating for the future years. I would like to thank our management and all the employees for their contributions that would make this achievement possible."