RingCentral Receives Prestigious Recognition For Commitment to Addressing Environmental, Social, and Corporate Governance Issues
RingCentral, Inc. (NYSE: RNG), a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced receiving prestigious recognition from both the Frost and Sullivan Institute and from MSCI for the Company’s commitment to addressing environmental, social, and corporate governance (ESG) issues:
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- RingCentral received the 2022 Enlightened Growth Leadership Best Practices Award from the independent, not-for-profit Frost & Sullivan Institute. The award recognizes companies for “achieving sustained financial growth over a ten year period,” as well as “innovating to zero” and making a positive difference in the world by addressing environmental, social, and corporate governance (ESG) issues. RingCentral was honored for its use of innovative technology, as well its commitment to promote diversity and inclusion, reduce greenhouse gas emissions, and emphasize the importance of mental health.
- RingCentral recently increased its rating from A to AA (on a scale of CCC to AAA) in the MSCI ESG Ratings assessment, moving into the leadership category. MSCI ESG Research measures a company’s resilience to long-term, financially relevant ESG risks and the ability to manage those risks relative to peers. The research is designed to provide critical insights that can help institutional investors identify risks and opportunities that traditional investment research may overlook. The MSCI ESG Ratings are also used in the construction of the MSCI ESG Indexes, produced by MSCI, Inc.
“As RingCentral continues to grow, so too does our focus on improving the communities we operate in,” said Sonalee Parekh, chief financial officer at RingCentral. “The Frost & Sullivan Institute award recognizes that business performance and doing good are not mutually exclusive–it is a priority for us to continue exploring ways to leverage our technology to help underserved communities and activate the passion of our employees to do their part in helping our planet. We’re humbled to receive this recognition by the Frost & Sullivan Institute as well as MSCI for our work.”