Lead fiber broadband and technology provider Converge ICT Solutions Inc. has earned an upgraded Environment, Social, and Governance (ESG) rating of ‘AA’ from MSCI, signaling its status as industry leader in sustainability and risk management practices.
This elevation from a previous ‘A’ rating follows MSCI’s latest ESG assessment covering Converge’s 2023 data. The global investment research firm said the company’s strengthened board-level oversight, more rigorous auditing of ethical practices, and robust data security framework were key contributors to the improved rating.
The ‘AA’ rating positions Converge among the top performers in its sector in managing ESG risks. MSCI’s ESG Ratings range from ‘AAA’ (Leader) to ‘CCC’ (Laggard), enabling institutional investors to benchmark corporate sustainability leadership.
“Enhancing our ESG practices to align with global best practices has been central to our strategy because we believe this is how we can build a stronger and more sustainable business,” said Benjamin Azada, chief commercial officer and chief sustainability officer at Converge. “Our improved standing shows that we are on the right track, particularly in areas like labor management, governance, and data security.”
Azada added that Converge remains committed to advancing initiatives that matter to stakeholders, with a growing focus on environmental impact and digital inclusion.
The upgrade also reflects significant progress in operational sustainability. In 2024, over 80 percent of modems recovered from churned subscribers were refurbished and reused—up from 50 percent in 2023—underscoring a circular approach to hardware management. Meanwhile, the company reduced its network Scope 1 and 2 greenhouse gas intensity from 2.3 to 1.4 tCO₂e per petabyte through greater reliance on renewable energy and improved energy efficiency.
On the social front, Converge boosted average employee training hours to 57 in 2024 from 33 hours in the previous year, reinforcing its investment in workforce development.
Laurice Tuason, SVP and corporate compliance officer, also noted that Converge achieved ISO 22301:2019 certification for its Business Continuity Management System. The company has since extended critical risk and continuity standards to key business partners, enhancing resilience across its value chain.
Since it began undergoing ESG evaluations by MSCI in 2021, Converge has shown continuous improvement—climbing from a ‘BBB’ rating in 2022 to ‘A’ in 2023 and 2024, before reaching its current ‘AA’ status in 2025.
The rating not only reflects improved governance and ethical business practices but also signals increased investor confidence in the company’s long-term sustainability outlook.
