Belden’s ESG Efforts Receive Industry Recognition
- Belden's MSCI rating was upgraded to AA in November 2023, indicating leadership in managing significant ESG risks and opportunities.
- Newsweek included Belden in its America's Most Responsible Companies 2024 list, ranking the company at #288 out of 600 recognized firms.
- Belden's ESG program, initiated in 2021, aims to achieve various goals by 2025, including a 25% reduction in Scope 1 and 2 Greenhouse Gas emissions.
- The company's focus on environmental, social, and governance aspects is evident through initiatives like energy efficiency projects, employee recognition, and ethical business practices.
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Insights
Recognition from MSCI and inclusion in Newsweek's list of Most Responsible Companies are significant milestones for Belden Inc., reflecting the company's commitment to ESG practices. The AA rating by MSCI suggests that Belden is effectively managing ESG risks and opportunities, which may influence investor perception and can lead to a more favorable investment profile. Given the increasing importance of ESG factors in investment decisions, this could potentially result in lower cost of capital and improved market valuation for Belden.
Moreover, Belden's focus on reducing Scope 1 and 2 GHG emissions aligns with global efforts to combat climate change, potentially mitigating regulatory risks and contributing to long-term sustainability. The acknowledgment as a Great Place to Work signals a positive social impact, which can enhance employee retention and recruitment, further strengthening the company's operational excellence.
The upgrade to an AA MSCI rating might signal to investors that Belden has robust risk management practices in place, particularly in relation to ESG factors that are increasingly scrutinized by the market. This could lead to a reassessment of the company's risk profile and potentially result in a more resilient stock performance during market downturns driven by ESG concerns.
From a financial perspective, Belden's ESG initiatives, such as energy efficiency projects, may lead to operational cost savings and margin improvements over time. However, it's important to monitor the capital expenditures associated with these projects to ensure they do not adversely impact short-term financial performance.
Being recognized as one of the Most Responsible Companies by Newsweek can enhance Belden's brand reputation and appeal to a growing segment of consumers and businesses that prioritize ESG criteria in their purchasing decisions. This could potentially translate to increased sales and market share in the competitive network infrastructure and digitization solutions market.
It is also worth noting that Belden's ESG progress may create opportunities for partnerships with other organizations that have strong sustainability mandates, which could lead to new business avenues and diversification of revenue streams.
Company’s MSCI Rating Raised to AA; Newsweek Recognizes Belden as One of 2024’s Most Responsible Companies
Newsweek named Belden in the publication's America's Most Responsible Companies 2024 list. (Graphic: Business Wire)
MSCI, a firm that classifies companies’ ESG efforts and distributes rankings to investors, updated Belden’s rating to AA in November 2023. According to MSCI, an AA rating is given to companies that lead their industries “in managing the most significant ESG risks and opportunities.”
In addition, Belden is proud to have been selected by Newsweek for the publication’s America’s Most Responsible Companies 2024 list. After the publication scored thousands of companies on their environmental, social and governance efforts, Belden ranked #288 out of the 600 companies receiving this recognition.
“Belden is devoted to advancing environmental, social and governance programs through our values and operations,” said Brian Anderson, Senior Vice President – Legal, General Counsel & Corporate Secretary at Belden, who oversees the company’s ESG initiative. “We are proud of these achievements, and know that together, we will continue to innovate and lessen our impact on the planet, enhance the lives and careers of those we serve, and lead with our responsible and ethical business practices.”
Belden’s ESG Progress
Belden announced its formal ESG program in 2021 and has developed goals that the company aims to reach by 2025. Many successful initiatives have been underway to strive toward these goals; recent highlights have included:
· Environmental: Belden is working to reduce its Scope 1 and 2 Greenhouse Gas (GHG) emissions by
· Social: Employees in 17 countries (including
· Governance: Belden operates with the highest standards of ethics and integrity. The company has a robust Code of Conduct that drives how it does business; employees are trained on this Code each year.
Learn more about Belden’s continuing ESG efforts at www.belden.com/Resources/Sustainability.
About Belden
Belden Inc. delivers the infrastructure that makes the digital journey simpler, smarter and secure. We’re moving beyond connectivity—from what we make to what we make possible through a performance-driven portfolio, forward-thinking expertise and purpose-built solutions. With a legacy of quality and reliability spanning 120-plus years, we have a strong foundation to continue building the future. We are headquartered in
Belden and the Belden logo are trademarks or registered trademarks of Belden Inc. or its affiliated companies in
View source version on businesswire.com: https://www.businesswire.com/news/home/20240213668697/en/
Lauren Robeson Menting
Marketing Communications Manager
(661) 516-1269
Lauren.Robeson@Belden.com
Source: Belden Inc.
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