RCBC obtains ‘A’ rating from MSCI

Rizal Commercial Banking Corp., the ninth-largest lender in terms of assets, is rated “A” by the Morgan Stanley Capital International because of its financial stability and sound business organization, which are key components for effective risk management.

MSCI ESG Ratings identifies environmental, social and governance risks that companies are vulnerable to. The rating agency deploys researchers and ranks companies on a ‘AAA’ to ‘CCC’ scale depending on the exposure to industry-specific ESG risks and their ability to manage those risks relative to competitors.

“Rizal Commercial Banking has robust corporate governance practices, particularly with respect to the board structure,” the MSCI ESG said in the report.

“It has also taken steps to mitigate governance related risks with efforts toward anti-corruption and anti-money laundering activities, along with whistleblower protection program for effective risk management framework,” the report said.