Reitun has published an ESG sustainability rating for Sjóvá, which received a grade of B1 and 80 points out of a possible 100, which is considered a good result. The company received the same number of points as last year, but the assessment criteria are becoming more demanding year by year. The average score of the Icelandic market now stands at 73 points out of 100 among the companies assessed by Reitun.
Sjóvá is above average in environmental and social factors, while in governance, the company is on par with the average when compared to other domestic issuers assessed by Reitun. A summary of the assessment and further information in Icelandic can be accessed here.
Reitun’s assessment outlines how companies face risks related to environmental, social, and governance factors. The ESG assessment is conducted on behalf of investors on securities issuers, who use the assessment to hold companies in their portfolios accountable and to promote progress in these areas.