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Corporate Social Responsibility
News
10.31.2007 - 12:01pm ET
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Innovest Strategic Advisors Announce New Burma Screen
(CSRwire) October 31, 2007 - Innovest Strategic Value Advisors, Inc., in response to
strong client demand, today announced a new screening tool to track the
ever-increasing risk for corporate operations in Burma. Recent events of
the last six weeks have brought to public attention the human rights
record of the Burmese Government, which for the last 20 years has been
implicated in a litany of abuses, including murder, torture, rape,
detention without trial, massive forced relocations, and forced labor.
Companies operating in Burma, in turn, are also facing additional
criticism from NGOs and pressure groups over their roles in the
country.
Operations in Burma could lead to reputational damage for companies as
well as financial consequences in the form of lawsuits, boycotts, and
losses from both divestments as well as sanctions or restrictions
currently being discussed by the United Nations, the European Union and
others. From its universe of over 2000 global publicly traded companies,
Innovest's Burma Screen has identified 138 companies, a number
significantly higher than similar screens offered by other, more
traditional sources.
Ratings and research reports from Innovest Strategic Advisors analyzing
the environmental, social and governance performance of over 1,750
companies and their industries, including the Global 100 Most Sustainable
Corporations, is available through Innovest's partner CSRwire at http://www.csrwire.com/reports/independent
About Innovest
Innovest Strategic Value Advisors is an internationally recognized
investment research and advisory firm specializing in analyzing companies'
performance on environmental, social, and strategic governance issues, with
a particular focus on their impact on competitiveness, profitability, and
share price performance.
Innovest currently has offices in New York City, Toronto, San Francisco,
London, Paris, Sydney, and Tokyo.
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