Windstream, a privately held communications and software company, has been recognized as a Sustainalytics ESG Industry Top Rated company and a Regional Top Rated company in 2022. Sustainalytics, a distinguished independent ESG (environmental, social and governance) research and ratings firm, recognized Windstream in the telecommunications services industry and in the region of the United States and Canada.
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“Windstream is honored to be recognized as an Industry Top Rated company as well as a Regional Top Rated company,” said Windstream President and CEO Tony Thomas. “We firmly believe that our commitment to progress on ESG factors is an important demonstration of good citizenship as well as a key part of our strategy to create value for our stakeholders.”
Windstream received an ESG Risk Rating score of 12.9 from Sustainalytics as of September. This score placed Windstream in the “Low Risk” category of experiencing material financial impacts from ESG factors.
Separately, the company announced plans in September to more rapidly reduce its Scope 2 purchased electricity greenhouse gas emissions. Thomas announced that Windstream would reduce Scope 2 purchased electricity emissions 40 percent by 2025, well ahead of its previous goal of 30 percent by 2035 (from a 2019 baseline).
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 multi-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.
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