Piraeus Financial Holdings SA has been upgraded to a 'AAA' ESG Rating by MSCI, the highest rating available from the agency. This marks the first time Piraeus has achieved this score, making it the only Greek company currently at this level. The bank's rating has improved from 'BBB' in late 2020 to 'AAA'. MSCI ESG Ratings assess a company's resilience to long-term environmental, social, and governance risks, using an industry-relative scale from 'AAA' to 'CCC'. According to MSCI, only 18% of companies rated globally hold a 'AAA' ESG rating.
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