CSR_window_logo_final

Research: Demand for CSR among Millennials

VEON, Parent Company of Banglalink, Attains ‘AA’ ESG Rating

VEON, a prominent global digital operator and the parent company of Banglalink, has recently attained an 'AA' Environmental, Social, and Governance (ESG) rating from Morgan Stanley Capital International (MSCI). MSCI, a leading provider of decision support tools for the global investment community, highlighted this significant achievement in a press release.

Banglalink, together with other VEON operators worldwide, has played a pivotal role in elevating the overall rating through its steadfast dedication to fostering a sustainable and digitally inclusive future. In Bangladesh, the transformative “4G for all” initiative has empowered communities by providing access to cutting-edge digital services in alignment with the government’s vision of Smart Bangladesh.

In line with its ESG objectives, Banglalink aims to augment its female customer base by three percent, reaching 29 percent by 2026. This commitment was officially announced in partnership with the GSMA’s Connected Women initiative during the recent Mobile World Congress in Barcelona. Additionally, Banglalink will continue impacting millions of lives through awareness and educational endeavors via its innovative digital platforms like the MyBL Super App and Toffee. Presently, the MyBL SuperApp, the nation’s pioneering telco super app, boasts over eight million monthly active users.

Furthermore, Banglalink has recently modernized its network with sustainable technologies, reducing carbon emissions and aligning with environmentally friendly practices. This accomplishment underscores VEON’s dedication to enhancing employee engagement and satisfaction. Kaan Terzioglu, the CEO of VEON Group, expressed pride in the company’s employee management, which surpasses industry averages.

At the core of VEON’s success across its six markets, catering to 160 million customers, lies its strategic emphasis on integrating practices that yield positive societal impacts, uphold ethical governance standards, and promote environmental stewardship.

Erik Aas, CEO of Banglalink, commented, “The ‘AA’ rating for VEON not only reaffirms Banglalink’s commitment to the ‘4G for all’ initiative but also signifies its transformative role in granting community access to innovative digital services. Our digital operator strategy and ESG agenda have positively impacted both social and environmental spheres, with a strong focus on cultivating an inclusive workplace, driving diversity and inclusion initiatives, and championing environmental sustainability.”

This achievement positions VEON in the esteemed ‘Leaders’ category among 131 telecommunication services companies globally, highlighting its steadfast commitment to sustainable and ethical business practices.

Share this post:

Related CSR News

Do More with your CSR

Sign Up for Free to get CSR News delivered to your Email every week.

CSR REPORTS

Access CSR and Sustainability Data from Companies in Bangladesh

Access Company-wise data on annual CSR & Sustainability Reports, Profiles, CSR Activities, Sustainability Goals and more.

CSR News

Browse the latest News & Initiatives in CSR in Bangladesh

CSR Solutions

See how we can help your company's CSR and Sustanability Goals

CSR Reports

Browse company-wise CSR data and Sustainability Reports

CSR Research

Access Research Reports and Research Services on CSR