(Alliance News) - Banco di Desio e della Brianza Spa announced Monday that independent rating agency Standard Ethics has updated its Corporate Standard Ethics Rating, affirming its "EE" grade and upgrading its Long Term Expected Rating to "EE+".

According to the agency's analysis, as disclosed by the company, the Banco Desio group "continues to strengthen the integration of ESG issues into its business model, notably through the update of its code of ethics and sustainability policies, the adoption of new policies dedicated to stakeholder engagement and the responsible use of artificial intelligence, as well as through the achievement of the sustainability targets set out in the 2026 industrial plan."

Shares in Banco Di Desio e della Brianza closed Monday down 0.2% at EUR8.45 per share.

By Michele Cirulli, Alliance News reporter

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