stc Group Achieves 'A' Rating in MSCI ESG Rankings, Strengthening Sustainability Position
The leading digital enabler marks a significant leap in ESG ratings, highlighting commitment to sustainability, governance, and transparency.
Morgan Stanley Capital International (MSCI), an investment research firm and prominent global Environmental, Social, Governance (ESG) index provider, has upgraded stc group from 'BBB' in 2024 to 'A' in 2025 in its latest ESG ratings.
This significant advancement places stc group among the top 31% of telecom companies worldwide with an 'A' rating, out of a total of 62 ranked by MSCI.The upgrade reflects stc group's consistent progress in integrating sustainability and transparency across its operations, achieving notable improvements in data privacy and cybersecurity.
The company has implemented a comprehensive framework for external IT audits, robust emergency response protocols, and continuous oversight of its digital infrastructure at the highest levels.
These efforts extend to stc's supply chain and include tailored training programs for employees and contractors.In response to this ranking, Olayan Alwetaid, CEO of stc group, commented: "This upgrade reflects stc group's sustainable growth and strong commitment to the highest ESG standards.
It also recognizes our leading role in advancing sustainability and transparency globally." This achievement underscores the rapid increase in stc group's MSCI classification over recent years, driven by its intensified efforts towards environmental protection, social responsibility, data security, and privacy.
These efforts align with local and international standards and practices, employing sustainable technologies and innovative digital solutions while empowering individuals and communities.
The company remains committed to adhering to the highest integrity and transparency in all of its operations.stc group serves as a digital enabler, offering advanced solutions and driving the digitalization process forward.
Its services encompass a broad range of offerings including digital infrastructure, cloud computing, cybersecurity, IoT, digital payments, digital media, and digital entertainment.
The group operates through 13 subsidiaries across the Kingdom of Saudi Arabia, the Middle East, North Africa, and Europe.
This significant advancement places stc group among the top 31% of telecom companies worldwide with an 'A' rating, out of a total of 62 ranked by MSCI.The upgrade reflects stc group's consistent progress in integrating sustainability and transparency across its operations, achieving notable improvements in data privacy and cybersecurity.
The company has implemented a comprehensive framework for external IT audits, robust emergency response protocols, and continuous oversight of its digital infrastructure at the highest levels.
These efforts extend to stc's supply chain and include tailored training programs for employees and contractors.In response to this ranking, Olayan Alwetaid, CEO of stc group, commented: "This upgrade reflects stc group's sustainable growth and strong commitment to the highest ESG standards.
It also recognizes our leading role in advancing sustainability and transparency globally." This achievement underscores the rapid increase in stc group's MSCI classification over recent years, driven by its intensified efforts towards environmental protection, social responsibility, data security, and privacy.
These efforts align with local and international standards and practices, employing sustainable technologies and innovative digital solutions while empowering individuals and communities.
The company remains committed to adhering to the highest integrity and transparency in all of its operations.stc group serves as a digital enabler, offering advanced solutions and driving the digitalization process forward.
Its services encompass a broad range of offerings including digital infrastructure, cloud computing, cybersecurity, IoT, digital payments, digital media, and digital entertainment.
The group operates through 13 subsidiaries across the Kingdom of Saudi Arabia, the Middle East, North Africa, and Europe.
