As previously seen on the CSRHub blog.
By Bahar Gidwani
Founded in Geneva in 2001, Covalence evaluates the environmental, social and governance (ESG) performance of thousands of companies around the world. Covalence has recently released a new data set that monitors whether or not a corporation is conforming to well-established “norms” of behavior.
Covalence regularly reviews more than 60 lists published by asset managers and asset owners worldwide and identifies which companies they excluded from their portfolio for “norms” violation reasons. More than 1,400 major entities turned out to be on at least one exclusion list (out of 15,590 that are both covered and tracked by CSRHub). Covalence is now offering this “Norms-Based Exclusion Monitor” to help other asset managers and owners uncover potential problems within their portfolios.
CSRHub is excited to announce the Covalence Norms list data is now available through CSRHub’s customizable Roadmap Report. The Roadmap makes it simple to add this data in your made-to-order Report. Click CSRHub’s Roadmap Report form, enter the focus company and up to ten additional companies. Tailor the Report to meet your specific needs. Choose at least one Roadmap foundation (Benchmarking, Trends, Engage or Lever), then any additional data sets to meet your unique specifications. The Covalence data is $200 and includes companies that were checked for inclusion in the Covalence Norms exclusion list, a list count and if flagged by asset managers and/or asset owners. A list of the entities covered by this data set, including those for whom no Norms issues were found, can be seen here on the CSRHub site.
A company’s presence on an investor exclusion list should relate to the strength of its internal controls and ethical standards. A company that breaches societal norms may lose some or all of its “license to operate” from the communities it serves. This makes norms analysis an important aspect of benchmarking one company against others and something that can often explain differences in indicators such as board quality, leadership ethics, and transparency.
Please contact CSRHub if you want more information about this data set. The entire set can be licensed for both corporate and investor use by visiting the Covalence site.
About CSRHub
CSRHub provides decisive ESG data to reduce risk, improve ESG reporting, strengthen brand and manage stakeholders, using authoritative sustainability metrics and data harmonized from key investor sources (i.e., MSCI, ISS, S&P Global), and hundreds of other ESG experts.
CSRHub provides ESG ratings, benchmarking tools, and data feeds that support:
Benchmarking to improve ratings
Supply chain and vendor assessment
Regulatory readiness
Investment and risk analysis
Academic and research applications
If you are interested in using CSRHub data for research, reporting, or analytics, please contact us or explore our tools and data offerings on our website.
About Covalence
The Covalence Norms-Based Exclusion Monitor focuses on investor norms analysis. It is part of the suite of metrics that Covalence delivers. Founded in Geneva in 2001, Covalence evaluates the environmental, social and governance (ESG) performance of more than 15,000 companies around the world, with a focus on media analysis and social issues.
We provide professional investors with ESG ratings and data to monitor portfolios, define investment universes, track controversies, manage reputational risks and document positive impacts.
Our multi-source approach, combining human expertise and artificial intelligence, compares corporate disclosures with stakeholder perceptions. This approach also inspires confidence among academic researchers and non-profit organisations.
Our main differentiators are: pioneer, independent ESG rating agency; dynamic, granular news data documenting controversies, good practices and evolving sustainability issues; in-house AI capacities since 2014; greenwashing risk indicator; SDG mapping; expertise on social and political issues such as human rights, norms-based exclusions, peace and democracy.
Bahar Gidwani is CTO and Co-founder of CSRHub. He has built and run large technology-based businesses for many years. Bahar holds a CFA, worked on Wall Street with Kidder, Peabody, and with McKinsey & Co. Bahar has consulted to a number of major companies and currently serves on the board of several software and Web companies. He has an MBA from Harvard Business School and an undergraduate degree in physics and astronomy. He plays bridge, races sailboats, and is based in New York City.