TECO Electric (1504) has achieved a new milestone in the latest MSCI ESG Ratings, upgrading from “AA” to the highest “AAA” rating. The company now ranks among the top 20% of 154 global peers evaluated, placing it in the “Leader” category and demonstrating outstanding sustainability governance and international competitiveness. Chairman Ming-Hsien Lee stated that this AAA rating represents strong recognition of TECO’s long-term commitment to sustainable development. TECO will continue to strengthen corporate governance and expand its low-carbon technology deployment, while advancing ESG practices at higher standards to create long-term value for global customers and society.
In March 2026, MSCI introduced version 5.0 of its ESG rating model, refining its methodology for assessing corporate behavior and risk exposure. TECO’s successful upgrade under these more stringent criteria highlights the forward-looking nature of its ESG strategy and its strong execution capabilities. MSCI noted that TECO leads global peers in business ethics practices, including the establishment of board-level oversight mechanisms and the implementation of comprehensive mandatory ethics training for employees. TECO emphasized its strong commitment to integrity, fostering a culture of ethical management and regulatory compliance. To this end, the company has established a Corporate Governance and Sustainability Committee under the Board of Directors to enhance overall management functions and actively advance corporate social responsibility and sustainable development goals. In addition, TECO promotes integrity-related policies through training programs and quarterly meetings to reinforce employees'ethical awareness and embed it into daily conduct.
In terms of human resources and employee development, TECO continues to optimize its labor management systems and provides educational subsidies to support career development and professional skill enhancement. These initiatives strengthen organizational competitiveness and reflect the company’s strong commitment to talent sustainability. MSCI indicated that these factors were also key contributors to the rating upgrade.
On the environmental front, the assessment shows that TECO has significantly lower exposure to toxic emission risks compared to its peers. The company conducts annual environmental audits, and as of fiscal year 2024, all production sites have obtained ISO 14001 environmental management system certification. Meanwhile, TECO continues to lead the industry in cleantech development. The company noted that it has actively promoted energy-efficient products and ESCO energy service solutions in recent years, not only improving its own operations but also helping customers reduce energy consumption and carbon emissions, thereby driving sustainable growth.
In addition to its outstanding MSCI ESG performance, TECO has been selected as a constituent of the Dow Jones Best-in-Class Indices (DJBIC) Emerging Markets for six consecutive years and has been included in S&P Global’s The Sustainability Yearbook, further demonstrating its leadership and ongoing efforts in sustainable development.
