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Corporate Social Responsibility
News
3.19.2007 - 10:30am ET
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CSR News from:
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News Category:
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Innovest Releases New Ratings for Metal & Mining Sector
(CSRwire) NEW YORK, NY - March 19, 2007 - Innovest Strategic Value Advisors has
released updated Intangible Value Assessments for the 58 companies in the
metal and mining sector.
According to Doug Morrow, Senior Analyst for the sector, major themes this
year include carbon risk management, skills shortage and industry
consolidation. "On the carbon front, we like Alcan (AAA overall). We find
that best practice in the mining sector vis-à-vis carbon risk management
continues to be 1) use of carbon shadow pricing in project planning and
development, 2) board-level oversight of corporate carbon performance and
3) strategic consideration of upside opportunities linked to emissions
trading, CDM investments and alternative energy infrastructure."
"While many of the companies' Intangible Value Assessments have remained
consistent, we note that Xstrata upgrade from BBB to AA as a result of the
company's improved ESG disclosure, expanded apprenticeship programs and
sector-best HIV/AIDS strategy."
Downloadable reports for companies in the sector and more are available
for purchase through Innovest's partner www.csrwire.com/reports/independent.
Some of the areas of analysis for Innovest's IVA ratings include:
- Environmental Strategy and management
- Regulatory/Stakeholder relations
- Health and Safety
- Carbon Risk Mitigation
- Labor Relations
- Product Safety
- Workplace issues
- Supply Chain
- Human Rights
By assessing differentials typically not identified by traditional
securities analysis, Innovest’s IVA ratings uncover hidden risks and
value potential for investors. Ratings range from AAA (best) to CCC
(worst). Scores on sub factors range from 10 (best) to 0 (worst).
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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