OCP Group Rewarded by Sustainalytics and Vigeo Eiris Agencies
Casablanca – The OCP Group got two new ratings by the international agencies Vigeo Eiris and Sustainalytics, respectively specialized in the evaluation of sustainability performance and in the identification of levels of ESG (Environment, Social and Governance) risks, rewarding its sustainability performance.
OCP obtained the top performers distinction from Vigeo Eiris, confirming its involvement and leadership in sustainable development for many years, specifies the group in a press release, stressing that in accordance with the data communicated by the Vigeo Eiris report, the OCP was ranked third in the world out of a total of 206 international companies in the mining & metals industry sector and first among companies in emerging countries.
According to the same source, the assessment of the general performance of OCP has increased by 27 points compared to 2019, the result of the group’s systemic progress on issues related to the areas studied by the agency, namely environment, human resources, human rights, community involvement, business behavior and governance.
While the maximum score achieved is 76/100 all industries combined, the agency awarded the group a score of 66/100, corresponding to an advanced level of performance in the world, the press release notes.
For its part, the Sustainalytics agency published a sustainability risk report which, beyond evaluating performance, looks at the strength of management and its impact on the “ESG risk” component.
The level of “ESG risk” assigned by the agency to the group fell sharply to reach a score of 27.4, thus halving the previous score. This risk rating is made up of two dimensions, namely the industry’s level of exposure to “ESG risks” as well as the level of control of the said risks.
The Sustainalytics report has consequently enabled the OCP to place itself among the 53 companies evaluated in the “agricultural chemicals” category.