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Corporate Social Responsibility
News
6.13.2006 - 09:00am ET
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CSRwire And Innovest Strategic Value Advisors Announce Partnership
INTANGIBLE VALUE ASSESSMENT REPORTS NOW AVAILABLE FOR INDIVIDUAL COMPANIES
(CSRwire) SPRINGFIELD, MA --(CSRwire)--June 13, 2006-- CSRwire and Innovest Strategic
Value Advisors today announced an exclusive strategic partnership. The
partnership will make Innovest's world class independent research reports
on more than 1,750 publicly traded companies available on an individual
basis. Previously, the reports were available only as part of a
comprehensive industry or sector analysis. The comprehensive industry and
sector analysis reports will also be available thru the partnership.
CSRWire is the only worldwide news wire distributing exclusively corporate
social responsibility news and reports to interested investors, analysts,
journalists, activists and academics. Individual company reports will only
be available through CSRwire's website www.CSRwire.com.
Innovest's Intangible Value Assesment IVA reports evaluate companies'
social, environmental and governance performance on a sector by sector
basis. Innovest's IVA ratings analyze relative corporate performance on
intangible value drivers related to the strength and sustainability of
companies' competitive advantage. By assessing differentials typically
not identified by traditional securities analysis, IVA ratings uncover
hidden risks and value potential for investors. Ratings range from AAA
(best) to CCC (worst).
"Historically, professional analyses of companies' social and
environmental performance have been available primarily to institutional
investors. Our alliance with Innovest will make this information
affordable and accessible to individual investors, money managers,
analysts and journalists," said Greg Schneider, Director of
CSRwire.com.
Understanding a company's approach to risk management, including
non-traditional, non-GAAP measured methods is becoming an integral part of
determining a company's value. Investors are relying more heavily on
considerations not normally contained in the financial statements.
Additionally, talent and management are now discriminating against
companies lacking transparency. These intangible, non-financial value
assessments will become generally accepted as part of the due diligence
process for investors, talent, management, journalists and activists
alike.
"We are very excited about rolling out our research information to a
broader audience by using the CSRwire distribution network," stated Peter
Wilkes, Managing Director of Innovest. "Since the debacles of Enron,
Tyco, Worldcom, and the like, investors throughout the world have become
aware of the importance that sustainability plays in the long term
performance of their individual portfolios, and we're happy to make that
type of information available."
CSRwire distributes news and reports related to a company's activities in
community development, ethics, corporate contributions, corporate
governance, diversity, environmental, human rights and workplace issues.
CSRwire's distribution network reaches more than 400,000 thought leaders
and 'influencers'. Network recipients include individual and institutional
investors, major media outlets, NGOs, special interest groups, activists,
academics and corporate CSR officers.
About CSRwire
CSRwire is the leading source of corporate social responsibility and
sustainability,
press releases, reports and news. CSRwire members are companies and NGOs,
agencies and organizations interested in communicating their corporate
citizenship, sustainability, and socially responsible initiatives to a
global audience through CSRwire's syndication network and weekly News
Alerts.
Meadowbrook Lane Capital, CSRwire's parent company, has been described as
a 'socially responsible investment bank' by the Wall Street Journal. The
company specializes in turning values into valuation while concentrating
on succession issues for mission driven companies.
About Innovest Strategic Value Advisors
Innovest Strategic Value Advisors is an internationally recognized
investment research and advisory firm specializing in the analysis of
non-traditional sources of risk and out-performance. Innovest's major
strategic investor is ABP, the largest pension fund in Europe, who owns a
minority position. The firm's founder and Chief Executive, Dr. Matthew
Kiernan, is a former partner with KPMG and director of the World Council
for Sustainable Development in Geneva. In addition to ABP, the firm's
other clients include SSgA, T. Rowe Price, Neuberger Berman, Rockefeller &
Co., Cazenove Capital, BP Investments, Henderson Global Investors, HSBC
Asset Management, UBS and the England & Wales Environment Agency. The firm
currently has over £1.1 billion under direct sub-advisory mandates, and
has clients in 20 countries.
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