Morgan Stanley Capital International (MSCI), a leading global provider of Environmental, Social, and Governance (ESG) indices and investment research, has elevated stc group’s ESG rating from “BBB” in 2024 to “A” in its latest 2025 assessment. This significant upgrade places stc among the top 31% of telecom companies worldwide, based on MSCI’s ranking of 62 telecom firms.
The improved rating reflects stc group’s sustained commitment to embedding robust sustainability, governance, and transparency practices throughout its operations. The MSCI report specifically recognized stc’s strengths in data privacy and cybersecurity, noting the group’s comprehensive external IT audit framework, rigorous emergency response protocols, and continuous oversight of its digital infrastructure at the highest management levels. These data protection measures also extend across stc’s supply chain, complemented by tailored training programs for employees and contractors.
Olayan Alwetaid, CEO of stc group, commented on the achievement: “This upgrade reflects stc group’s sustainable growth and strong commitment to the highest ESG standards. It also recognizes our leading role and our positive contribution to advancing sustainability and transparency globally.”
The MSCI classification increase mirrors stc group’s accelerated efforts in recent years to enhance environmental protection, social responsibility, and data security. The group adopts best practices aligned with local and international standards, leverages sustainable technologies, drives innovative digital solutions, and focuses on empowering individuals and communities while upholding integrity and transparency.
As a digital enabler, stc group delivers a comprehensive portfolio of services including digital infrastructure, cloud computing, cybersecurity, Internet of Things (IoT), digital payments, digital media, and digital entertainment. The group operates through 13 subsidiaries spanning Saudi Arabia, the Middle East, North Africa, and Europe.
