MSCI raises Alibaba's ESG rating to be on par with Amazon and other companies

$Alibaba(BABA.US)$ $Amazon(AMZN.US)$ Recently, MSCI, an internationally renowned index provider, upgraded Alibaba’s ESG rating from BB to BBB, which is on par with Amazon and other companies. Compared with the same period last year, Alibaba's scores in the S (Social) and G (Corporate Governance) sectors of ESG have been improved in this rating. The downgrade from last year to the rebound of this year’s rating reflects the international market’s recognition of Ali’s corporate governance achievements over the past year.

According to the report, the equity incentive plan covering most employees allows Alibaba to continue to attract talents and retain people. From 2018 to 2020, it has been ranked in the Forbes Global Best Employers list for three consecutive years.

Article excerpted from the US Stock Research Agency