EMSTEEL, a leading publicly traded steel and building materials manufacturer in the region, has been awarded a provisional "AA" ESG rating by MSCI, placing it among the top global steel companies for environmental, social, and governance (ESG) performance. This recognition highlights EMSTEEL’s strong management of ESG risks and opportunities, particularly in reducing carbon emissions and promoting workforce health and safety—areas where it outperforms global industry averages.
MSCI ESG Ratings, which assesses over 9,000 companies worldwide, ranks firms from ‘leader’ (AAA, AA) to ‘laggard’ (B, CCC). EMSTEEL’s ‘AA’ rating underscores its position as a sustainability leader in the steel sector.
Eng. Saeed Ghumran Al Remeithi, Group CEO of EMSTEEL, stated, “This ‘AA’ rating reflects our commitment to sustainable industrial leadership, robust governance, and our responsibility toward the environment and communities. Aligned with the UAE’s Net Zero 2050 vision, we are determined to set an example in delivering long-term value to stakeholders and future generations.”
The achievement reinforces EMSTEEL’s dedication to innovation and responsible practices, further establishing its reputation as a regional and global ESG frontrunner in the steel industry.
