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Innovest Releases New Ratings for Metal & Mining Sector
Innovest Releases New Ratings for Metal & Mining Sector
Published 03-19-07
Submitted by Innovest Strategic Value Advisors, Inc.
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-Ã -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.
Innovest Strategic Value Advisors, Inc.
Innovest Strategic Value Advisors, Inc.
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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