MARR obtains an A rating for the ESG 2020 assessment by MSCI
A significant result which rewards MARR’s commitment and its policies in support of Environment, Social and Governance
Rimini, 21 December 2020 – MARR S.p.A. (Milan: MARR.MI) the leading company in Italy in the sale and distribution of food and non-food products to the foodservice, has recently received an upgrade (from BBB to A, on a scale from CCC to AAA) in the ESG Ratings assessment by MSCI, a leading institution at a worldwide level in services supporting investor decisions.
The A rating awarded to MARR rewards the continuous improvement of the company and its policies in support of Environment, Social and Governance.
Being aware of its responsibilities as the market leader, some time ago MARR initiated a process to enhance its approach to Sustainability, implementing projects in each of the three ESG areas, including:
• Environment: green and sustainable products, product line certifications and animal welfare (www.marr.it/en/sustainability and www.marr.it/en/group/quality)
• Social: emphasis on transparency, legality and proper relations with all stakeholders (www.marr.it/en/gruppo/corporate-responsibility)
• Governance: complete respect of all of the applicable Regulations, Codes and best practices (www.marr.it/en/corporate-governance)
The rating recognised by MSCI gives new stimulus and awareness to MARR of the importance of the process undertaken to realise concrete projects and actions in favour of ESG.
MARR (Cremonini Group), listed on the STAR segment of the Italian Stock Exchange, is the leading Italian company in the specialised distribution of food products to the foodservice and is controlled by Cremonini S.p.A..
With an organisation comprising over 850 sales agents, the MARR Group serves over 45,000 customers (mainly restaurants, hotels, pizza restaurants, holiday resorts and canteens), with an offer that includes over 15,000 food products, including seafood, meat, various food products and fruit and vegetables
(https://catalogo.marr.it/catalogo).
The MARR Group operates nationwide through a logistical-distribution network composed of 35 distribution centres, 5 cash & carry, 3 agents with warehouses and over 750 vehicles.
In 2019 the MARR group achieved total consolidated revenues amounting to 1,695.8 million Euros, consolidated EBITDA of 128.5 million Euros and consolidated net profit of 66.6 million Euros.
For more information about MARR visit the company’s web site at www.marr.it
Investor Relator
Antonio Tiso
atiso@marr.it
tel. +39 0541 746803
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