Kimball Electronics Earns Prime ESG Corporate Rating From ISS ESG
June 27 2023 - 4:40PM
Business Wire
Kimball Electronics, Inc. (Nasdaq: KE) today announced that it
has earned the “Prime” Environmental, Social, and Governance
(“ESG”) Corporate rating from Institutional Shareholder Services
(“ISS”), one of the world’s leading rating agencies for corporate
governance and sustainable investments. This distinction follows on
ISS’s top-decile QualityScore rating of Kimball Electronics earlier
this year in each of the three ESG pillars.
“A Prime rating means the Company fulfills ISS’s demanding
requirements regarding sustainability performance in our Electronic
Components sector. We are proud that our robust ESG programs and
high level of transparency have earned us the Prime rating that
places us among the top 10% in our industry,” said Ric Phillips,
Chief Executive Officer. “Strong ESG performance like this is an
increasingly important factor in attracting investors, and the
ratings from ISS ESG and others are valuable guides for those
seeking to identify sustainable companies like ours.”
This past year, Kimball Electronics published its annual ESG
report with the Sustainability Accounting Standards Board (SASB)
and the Task Force on Climate-Related Financial Disclosures (TCFD)
frameworks and highlighted the Company’s alignment with the UN
Sustainable Development Goals and the UN Global Compact.
According to ISS ESG, companies with Prime status achieve/exceed
the sustainability performance requirements (Prime threshold) for
their specific industries measured across 100 sector-specific ESG
factors.
In the past year, Kimball Electronics was recognized for its
leadership in sustainability by Morgan Stanley Capital
International (MSCI), which awarded the Company a “AA” rating in
its ESG Ratings, ranking it among the top 9% of companies in the
“Electronic Equipment, Instruments & Components” industry.
In addition, Morningstar Sustainalytics, a leading ESG research,
ratings, and data firm that supports investors around the world
with the development and implementation of responsible investment
strategies, rates Kimball Electronics #1 among both electronics
manufacturers and the broader technology hardware industry for ESG
risk. They also place Kimball Electronics in the top 5—not just top
5%, but top 5—of the over 15,000 companies around the world that
they rate, because of the robustness of the Company’s ESG programs,
practices, policies, and disclosures.
“We are pleased to have earned all 1s—the highest scores
possible—on the ISS QualityScore and to have achieved the Prime
rating,” said Doug Hass, Chief Legal and Compliance Officer and
Secretary. “We are excited about our overall ESG progress, and the
recognition that we have received from some notable organizations
for our sustainability work. This recognition from ISS that Kimball
Electronics is a market leader in ESG further underscores our deep
commitment to sustainability, and diversity, equity, inclusion, and
belonging.”
To learn more about ISS, visit:
https://insights.issgovernance.com/
About Kimball Electronics,
Inc.
Kimball Electronics is a multifaceted manufacturing solutions
provider of electronics and diversified contract manufacturing
services to customers around the world. From our operations in the
United States, China, India, Japan, Mexico, Poland, Romania,
Thailand, and Vietnam, our teams are proud to provide manufacturing
services for a variety of industries. Recognized for a reputation
of excellence, we are committed to a high-performance culture that
values personal and organizational commitment to quality,
reliability, value, speed, and ethical behavior. Kimball
Electronics, Inc. (Nasdaq: KE) is headquartered in Jasper,
Indiana.
To learn more about Kimball Electronics, visit:
www.kimballelectronics.com.
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Andrew D. Regrut Vice President, Investor Relations 812.827.4151
Investor.Relations@kimballelectronics.com
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