Sustainability is not just a commitment; it is the foundation of MTN's strategy to drive digital inclusion, economic growth and climate resilience across Africa. Sustainability remains a core driver of MTN's long-term resilience and competitiveness. By integrating sustainability principles, advancing Net Zero, strengthening governance, and promoting responsible AI, we mitigate risks, enhance stakeholder trust, and unlock new growth opportunities. In an evolving global landscape, MTN remains committed to sustainability as both a business necessity and a catalyst for positive impact.
"We are committed to protecting our planet and achieving net zero emissions by 2040"
"We are committed to driving digital and financial inclusion and diverse society"
"We are committed partners to stakeholders to create and protect value"
"We are committed to boosting inclusive economic growth on the continent."
Governing our ESG performance: Ratings and rankings
S&P Global
ESG rating
MTN’s S&P Global ESG score has changed from 49 in 2024 to 48 in 2025, primarily due to a cybersecurity incident. Despite the decline, MTN reflected steady performance across a broad range of environmental, social and governance areas and continued alignment with S&P’s evolving, performance‑based methodology. The assessment recognised MTN’s well‑established governance structures, strong results in climate strategy and notable strengths across labour practices, human capital development, occupational health and safety and customer experience metrics. These areas continue to reflect MTN’s commitment to responsible business conduct and sustained value creation.
Furthermore, MTN is strengthening its cybersecurity controls, privacy governance, ESG disclosure quality and evidence-based performance reporting, which will support improved resilience and ratings recovery as methodologies continue shifting toward performance outcomes.
Morgan Stanley
Capital
International
(MSCI)
MTN’s MSCI rating for 2025 remains at ‘AA’.^ MTN’s position with regards to the management of sustainability‑related risks has improved relative to the industry. MTN leads most global peers on corporate governance.
MSCI maintains positive assessments of MTN’s labour management, noting competitive practices, staff engagement programmes and responsible labour standards across its footprint.
The company’s carbon emissions management remains a key strength, where MTN achieved a best‑in‑class score of 10/10, reflecting its long-term climate commitments, transparency and decarbonisation progress.
FTSE
Russel
MTN’s FTSE4Good rating has slightly declined from 3.8 in 2024 to 3.7 in 2025, signalling a marginal shift in its environmental, social and governance (ESG) performance. Despite this, MTN continues to display strong results in governance, including high scores for corporate governance, anti‑corruption, tax transparency and risk management, supported by oversight structures aligned to global best practice.
MTN remains committed to targeted improvements in environmental data management, supply-chain due diligence and social impact measurement in order to strengthen future FTSE ESG performance.
Future focus
Key priorities to retain ESG leadership include:
^Based on latest rating released on 23 March 2026.
