Boozt Achieves AAA Rating in MSCI ESG Ratings Assessment, Recognizing Strong Commitment to Sustainability
Boozt, the leading Nordic Department store online, is proud to announce that it has received the highest AAA rating in the MSCI ESG Ratings assessment. This recognition solidifies Boozt's position among the top companies in terms of their ability to effectively manage ESG risks and opportunities.
"We are thrilled to receive the AAA rating in the MSCI ESG Ratings assessment which places us in the top 6% of our sector. This recognition is a reflection of the substantial efforts from across the business to manage the ESG risks and opportunities, and demonstrates our commitment to responsible business practices," says Gloria Tramontana, Head of Sustainability & ESG at Boozt.
Increased Transparency
Throughout the year Boozt has worked to ensure responsible practices across business areas. One of the factors contributing to Boozt's top rating is its increased external reporting engagement, demonstrating transparency and accountability to stakeholders. Among other reporting efforts, Boozt now discloses ESG-related KPIs on a quarterly basis. This commitment to disclosure allows investors, customers, and other stakeholders to make informed decisions based on the company's ESG performance.
“One of the most impactful things Boozt can do through our position is to encourage knowledge sharing across the supply chain, working with new technologies and innovations to make it easier for our brands, customers and investors to understand and share data, and ultimately make more conscious decisions,” says Gloria Tramontana, Head of Sustainability & ESG at Boozt.
Furthermore, Boozt has taken steps to assess its supply chain through the standardized tool Higg Brand and Retail Module. This enables the company to evaluate brand partners based on their environmental and social performance. By proactively managing its supply chain, Boozt reduces potential ESG risks associated with labor conditions, human rights violations, and environmental impact.
Commitment to Good Governance
Boozt has also taken steps to understand and manage governance risks and opportunities. One of these steps is related to data security practices. The company has implemented external audits of its cybersecurity systems and published a comprehensive Group Data Privacy Policy. These measures ensure that customer data is protected and privacy is maintained, addressing an important ESG risk for e-commerce companies.
Additionally, Boozt’s diversity at the board level, with 50% board diversity, demonstrates its recognition of the value of different perspectives and experiences in decision-making processes. Board diversity is not only a matter of fairness and equality; it also contributes to better governance and improved business performance.
The MSCI ESG Ratings assessment evaluates companies based on their organizational capacity and level of commitment to addressing financially relevant ESG factors. Through increased external reporting engagement, transparency, and data accessibility, Boozt not only enhances its long-term financial prospects but strengthens its position as a leader in the retail-consumer segment.
