Arena Pharmaceuticals, Inc. (Nasdaq: ARNA) today announced it has been designated Prime in the ISS ESG Corporate Rating, effective as of May 4, 2021. Companies are classified as Prime when their ESG performance exceeds the threshold criteria for companies in its sector, meaning they fulfill ambitious absolute performance requirements.
The ISS ESG Corporate Rating sets the industry standard for sustainable investing and is used by international institutional investors and financial service companies to inform their decisions. According to this rating, Arena tradeable bonds and shares will now qualify for responsible investment.