Daily Brief ESG: Forgital - ESG Report - Lucror Analytics and more

In today’s briefing:

Forgital – ESG Report – Lucror Analytics
Unification of Quarterly Securities Reports with Financial Summary to TSE Is Generally Appropriate
Atalian – ESG Report – Lucror Analytics

Forgital – ESG Report – Lucror Analytics

Lucror Analytics’ ESG Scores are based on a 3-tiered scale and are adjusted for Controversies (if applicable).
We assess Forgital’s ESG as “Adequate”, in line with its Social and Governance scores. The company has a “Weak” score for the Environmental pillar. Controversies are “Immaterial” and Disclosure is “Adequate”.
Forgital is a vertically integrated company that focuses on manufacturing forged components for the aerospace and industrial markets.

Since there’s little opposition to the argument that quarterly securities reports should no longer be mandatory, securities reports in 1Q/3Q are almost identical content to the disclosures to TSE.
To ensure the reliability of the financial statements submitted to TSE, which are replacing current statutory documents, the requirement of review by auditor could be a solution to the problem.
In this review, the addition of the cash flow statement and segment information in 1Q and 3Q financial statements is very useful and a step forward.

Lucror Analytics’ ESG Scores are based on a 3-tiered scale and are adjusted for Controversies (if applicable).
We assess Atalian’s ESG as “Adequate”, in line with its Social score. The company has “Weak” scores for the Environmental and Governance pillars. Controversies are “Immaterial” and Disclosure is “Adequate”.
French building-services management company Atalian offers a range of facility management and cleaning services.

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