Winston Andrew L. Peckson
GT Capital Sustainability Consultant
GT CAPITAL RECEIVES A CORPORATE SUSTAINABILITY ASSESSMENT
ESG SCORE OF '43' FROM S&P GLOBAL
by Winston Peckson
January 25, 2023
GT Capital Holdings, Inc. participated in S&P Global’s Corporate Sustainability Assessment (“CSA”) in 2022 and received a score of ‘43’ on January 3, 2023. The S&P Global CSA is an annual evaluation of the sustainability practices of companies around the world. Covering over 10,000 companies globally, the CSA focuses on sustainability criteria that are both industry-specific and financially material.
S&P Global invites numerous companies to respond to its annual CSA questionnaire, which is composed of governance, economic, environmental, and social criteria. A company’s final CSA score is based on the assessment of its answers on an industry-specific questionnaire. GT Capital is under the ‘Industrial Conglomerates’ category.
As a result of its focus and commitment towards achieving its sustainability goals, GT Capital’s current CSA score of ‘43’ is 33 points higher than its previous score in 2018. In addition, GT Capital is now in the 74th percentile in the Industrial Conglomerates category. The company’s improved rating reflects its commitment to relevant, reliable, and transparent ESG disclosures for its various stakeholders. These practices are very much in line with GT Capital’s Responsible Investment Policy.
Prior to 2020, GT Capital did not participate in answering S&P’s CSA questionnaire and therefore the company’s previous ESG scores were based solely on publicly available information. Since participating in the S&P Corporate Sustainability Assessment in 2020, GT Capital can now evaluate its sustainability practices more accurately and benchmark against the performance of its peers.
Over the years, GT Capital’s participation in the S&P CSA has made the company more aware of potential areas of improvement, particularly regarding ESG disclosures. This led to the publication of GT Capital’s latest 2021 Integrated Sustainability Report, which was released in May 2022. This report was prepared in accordance with the international Integrated Reporting (“<IR>”) framework, which focuses on material topics prioritized by a company’s stakeholders. GT Capital’s 2021 Integrated Sustainability Report also adheres to Global Reporting Initiative (“GRI”) standards, Sustainability Accounting Standards Board (“SASB”), and the United Nations Sustainable Development Goals (“UN SDGs”).
Sustainable value creation remains a priority for GT Capital. The company will continue to pursue its mission of being a leading conglomerate, dominant in all sectors it is invested in, most sought after strategic partner in the Philippines, and a key contributor to the nation’s sustainable development. GT Capital believes that business excellence must be defined not merely by financial gains, but by its impact on society and the environment as a whole. Hence, the company’s S&P Global CSA score will serve as a benchmark as GT Capital continues to improve and to align with ESG best practices.