(Alliance News) - Piovan Spa has announced that it has improved its sustainability rating. It now ranks in the 27th percentile among all 15,620 international companies analyzed by Sustainalytics and in the fifth percentile of companies in Industrial machinery alone, the company explained in a note.

In summary, Piovan has better performance in Environmental, Social and Governance than 73 out of 100 and 95 out of 100 companies - in the two perimeters, respectively.

The group's synthetic risk rating stood at 20.5 points from 21.9 in 2021.

In addition to the improvement in ESG rating, Piovan made it known that it earned the "Industry Top Rated" badge for the second year in a row, with which it is "confirmed among the Top 50 companies in the industry sector."

The improvement for Piovan Group occurred in almost all of the indicators surveyed: Corporate governance, Business ethics, Product governance, Human rights, Supply chain, Carbon, own operation, Occupational, Health and safety.

Piovan on Thursday closed in the green by 1.3 percent at EUR10.10 per share.

By Chiara Bruschi, Alliance News reporter

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