Keppel : obtains triple-A rating in MSCI ESG ranking

Keppel Corporation today announced that it has been upgraded in February 2020 to a triple-A rating in the Morgan Stanley Capital International (MSCI) environmental, social and governance (ESG) ratings¹.

Keppel Corporation is ranked among the top 11% of industrial conglomerates, based on ESG criteria, in the MSCI All Country World Index (ACWI), MSCI's flagship global equity index, which covers more than 3,000 constituents. The company was also rated as an ESG leader in the areas of corporate governance, labour management, and opportunities in clean technology.

MSCI ESG ratings aim to measure companies' resilience to long-term ESG risks and their ability to manage those risks relative to peers. Companies are scored on an industry-relative triple-A to triple-C scale across 1,000 data points on ESG policies, programmes and performance. Keppel Corporation is a constituent on the MSCI ACWI and World ESG Leaders Indexes, and has been included on the MSCI ESG Leaders Indexes since 2014.

Keppel is committed to sustainability, both as a responsible corporate citizen and as a provider of solutions that contribute to a more sustainable world. The company is a signatory to the United Nations Global Compact, and is committed to the 10 principles of the Global Compact. The company is also committed to supporting the United Nation's Sustainable Development Goals (SDGs), and has identified 10 SDGs that it actively contributes to, and incorporates them as a supporting framework to guide the company's sustainability strategy.

Mr Loh Chin Hua, CEO of Keppel Corporation, said, 'We are encouraged that Keppel's sustainability efforts have been internationally recognised. We have adopted sustainability as the core of our strategy, and we carefully consider ESG issues in our strategic and investment decisions. We firmly believe that a company that is aligned with the global sustainable development agenda can not only enhance its social licence to operate, but also improve the sustainability, resilience and competitiveness of its business.'

Driven by a firm commitment to continuously strengthen its ESG management and strategy, Keppel's sustainability efforts have been affirmed by its inclusion on several global sustainability benchmarks. In addition to the MSCI ESG Leaders Indexes, Keppel Corporation is also an index component of the FTSE4Good Index maintained by the Financial Times Stock Exchange Group, the iEdge SG ESG Leaders Index and iEdge SG ESG Transparency Index by the Singapore Exchange, and the Euronext Vigeo World 120 by Euronext, the primary exchange in the Eurozone.

About Keppel Corporation

With a global footprint in more than 20 countries, Keppel is a multi-business company providing solutions for sustainable urbanisation, to meet the growing need for energy, infrastructure, clean environments, high quality homes and offices, and connectivity.

_{Disclaimer Statement}

¹_{The use by Keppel Corporation of any MSCI ESG Research LLC or its affiliates ('MSCI') data, and the use of MSCI logos, trademarks, service marks or index names herein, do not constitute a sponsorship, endorsement,recommendation, or promotion of Keppel Corporation by MSCI. MSCI services and data are the property of MSCI or its information providers, and are provided 'as-is' and without warranty. MSCI names and logos are trademarks or service marks of MSCI.}