NetDragon Achieves 'BBB' MSCI ESG Rating Milestone

HONG KONG, Dec. 29, 2023 -- NetDragon Websoft Holdings Limited 777, a prominent entity in the realm of internet community development, has recently been the recipient of a laudable enhancement in its ESG credentials. The ESG rating, conferred by MSCI – a leading provider of critical decision support tools and services for the global investment community –, has been elevated to 'BBB'. This elevation reflects a stronger commitment to environmental, social, and corporate governance practices within the operations of NetDragon.

Understanding ESG Ratings

ESG ratings are instrumental in assisting investors to discern the resilience of a company's operations and strategies against long-term, industry-specific ESG risks. Companies with higher ratings are perceived as better equipped to manage these risks, thus potentially making them more attractive to investors who follow responsible investment strategies.

Significance for NetDragon and Its Stakeholders

For NetDragon, the transcension to a 'BBB' ESG rating by MSCI is more than just a step up; it serves as a testament to the company's ongoing endeavors to align its operational framework with globally recognized standards for sustainability and ethical practices. Such acknowledgment might pave the way for heightened investor confidence and could potentially bolster the company's standing amidst socially conscious investors.

Implications in the Investment Community

The upgrade to the 'BBB' rating is indicative of NetDragon's strengthened positioning within the investment domain, especially given the current climate where ESG factors are playing a crucial role in investment decisions. This achievement underscores the savvy approach by 777 to not merely operate sustainably but to do so in a manner that is quantifiably commendable.

NetDragon, ESG, Upgrade