LITTLE ROCK, Ark.--(BUSINESS WIRE)--Windstream, a privately held communications and software company, has been recognized as a Morningstar Sustainalytics ESG Industry Top Rated company and a Regional Top Rated company in 2023. This is the second consecutive year that Windstream has been recognized in the telecommunications services industry and in the region of the United States and Canada by Morningstar Sustainalytics, a leading global ESG (environmental, social and governance) research and ratings firm.
Windstream ranked fourth out of 224 companies on the telecommunications industry list as of Jan. 31. It was the only U.S. telecom to make the Top Rated list.
“Windstream is proud to be recognized as an Industry Top Rated company and as a Regional Top Rated company for the second year in a row,” said Tony Thomas, Windstream president and CEO. “Our ongoing commitment to progress on ESG factors is an important demonstration of good citizenship as well as a key to creating value for our stakeholders.”
Windstream received an ESG Risk Rating score of 13.4 from Morningstar Sustainalytics as of December 2022. As part of that, Windstream’s Risk Management score, which assesses the robustness of companies’ ESG programs, improved to 73.7. The company remains in the “Low Risk” category of experiencing material financial impacts from ESG factors.
Sustainalytics’ ESG Risk Ratings measure a company’s exposure to industry-specific material ESG risks and how well a company is managing those risks. This two-dimensional way of measuring ESG risk combines the concepts of management and exposure to arrive at an assessment of ESG risk, i.e., a total unmanaged ESG risk score or the ESG Risk Rating, that is comparable across all industries. Sustainalytics’ ESG Risk Ratings provide a quantitative measure of unmanaged ESG risk and distinguish between five levels of risk: negligible, low, medium, high and severe. Learn more about the ESG Risk Ratings here.
Copyright © 2023 Morningstar Sustainalytics. All rights reserved. This news release contains information developed by Sustainalytics (www.sustainalytics.com). Such information and data are proprietary of Sustainalytics and/or its third party suppliers (Third Party Data) and are provided for informational purposes only. They do not constitute an endorsement of any product or project, nor an investment advice and are not warranted to be complete, timely, accurate or suitable for a particular purpose. Their use is subject to conditions available at https://www.sustainalytics.com/legal-disclaimers.
About Windstream
Windstream Holdings is a privately held communications and software company. Windstream offers managed communications services, including SD-WAN and UCaaS, and high-capacity bandwidth and transport services to businesses across the U.S. The company also provides premium broadband, entertainment and security services through an enhanced fiber network to consumers and small and midsize businesses primarily in rural areas in 18 states. Additional information is available at www.windstream.com. Follow us on Twitter at @Windstream.
Category: Corporate
