Tuya Inc. Achieves Significant ESG Rating Improvement
Tuya Inc. Elevated to 'AA' ESG Rating by MSCI
Tuya Inc. (NYSE: TUYA), a prominent name in the AI cloud platform service sector, has proudly announced that MSCI has enhanced its Environmental, Social, and Governance (ESG) rating to 'AA', up from 'A'. This notable upgrade is a testament to Tuya's dedicated efforts towards fostering a more sustainable and responsible business model, placing it at the forefront of ESG leaders within its industry.
Recognition of Sustainable Practices
MSCI is renowned for its rigorous evaluations and analyses, particularly within the Software & Services sector, and Tuya’s elevated rating underscores its outstanding performance in essential areas such as data privacy, security, governance improvements, and energy-efficient technology solutions. This recognition also emphasizes Tuya's unwavering commitment to innovation-driven and technology-enabaled sustainability.
Quote from Leadership
Expressing satisfaction over this recognition, Jerry Wang, the founder and CEO of Tuya, stated, "We are delighted to receive MSCI's acknowledgment of our ESG endeavors. Sustainability is intricately woven into our operational and innovation strategies on a daily basis. Moving forward, we aim to further enhance our ESG initiatives, focusing on delivering enduring value for our stakeholders and contributing to global sustainability goals for a smarter, safer future powered by advanced technology."
Understanding MSCI ESG Ratings
MSCI ESG Ratings are integral in assessing how effectively firms manage long-term environmental, social, and governance risks and opportunities compared to their counterparts. The ratings are categorized from AAA (the highest) to CCC (the lowest), thereby serving as a vital benchmark for investors who prioritize sustainable and responsible business strategies.
About Tuya Inc.
Tuya Inc. (NYSE: TUYA) stands out as a leading AI cloud platform service provider. The company’s mission revolves around cultivating an AIoT developer ecosystem that aims to make everything intelligent. Having pioneered a specialized AI cloud platform endowed with both cloud and generative AI functionalities, Tuya offers an extensive range of services including Platform-as-a-Service (PaaS), Software-as-a-Service (SaaS), and tailored smart solutions for developers creating smart devices and commercial applications. Through its AIoT developer platform, Tuya has activated a dynamic global community of developers, encompassing brands, OEMs, AI agents, system integrators, and independent software vendors. Together, they are working towards a smart solutions ecosystem that embodies principles of sustainability, security, efficiency, agility, and transparency.
Investor Relations
For inquiries regarding investor relations at Tuya Inc., stakeholders can reach out via the following contacts:
Tuya Inc. Investor Relations
Email: [email protected]
The Blueshirt Group
Gary Dvorchak, CFA
Phone: +1 (323) 240-5796
Email: [email protected]
HL Strategy
Haiyan LI-LABBE
Email: [email protected]
Frequently Asked Questions
What is Tuya Inc.'s new ESG rating?
Tuya Inc. has been upgraded to an 'AA' ESG rating by MSCI, reflecting its strong commitment to sustainability.
How does MSCI rate companies?
MSCI rates companies on a scale from AAA to CCC based on their management of ESG risks and opportunities.
Who is the CEO of Tuya Inc.?
The CEO of Tuya Inc. is Jerry Wang, who emphasizes sustainability in the company's operations.
What services does Tuya provide?
Tuya provides services like PaaS, SaaS, and smart solutions for developers and commercial applications in the AIoT realm.
Where can investors find more information about Tuya?
Investors can find more information by contacting Tuya's investor relations team through the provided email addresses.
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