Quantcast

New Partnership Helps Investors Identify Socially Responsible Companies

Business

As wise as they might be with their money, there is only so much investors know about the sustainability of the companies they want to support.

Two nonprofits announced a partnership Friday to help impact investors—those who back socially and environmentally responsible firms—know if burgeoning companies truly live up to their claims of sustainability.

The partnership between Global Impact Investing Network (GINN) and B Lab merges their metrics and analytics systems, which track everything from social impact to financial performance.

“Impact measurement is fast becoming a best practice in impact investing, bringing transparency, credibility and accountability to investments and to the market as a whole," said Luther Ragin, Jr., CEO of the GIIN. "We are pleased to support the launch of B Analytics as it provides a flexible platform for investors to track the social and environmental results they value, using standardized metrics from the IRIS (Impact Reporting and Investment Standards) catalog.”

GINN manages the IRIS catalog. B Lab certifies companies as B Corps if they meet "rigorous standards of social and environmental performance, accountability and transparency," according to the Wayne, Pa.-based nonprofit. With 1,100 companies, the B Analytics program hosts the world’s largest database of verified social and environmental performance data for private firms. B Analytics is known as the only data platform that enables investors to manage and integrate performance data collected by using IRIS metrics, along with its own 'B Impact Assessment' and custom impact metrics.

The partnership will enable B Lab and GINN to collaborate on the promotion of tools and resources that help impact investors measure and track the social, environmental and financial performance of their investments using standardized metrics that enable data aggregation, analyses and market intelligence, according to B Lab.

UBS and Prudential are among the companies who rely on impact measurements to make some of their investment decisions.

"Social considerations are an integral part of the investment policy for our recently launched Impact Investing SME Focus Fund," Andreas Ernst, head of impact investing for UBS AG, said. "We are using B Analytics to collect and validate IRIS metric data from the funds we invest in and their underlying portfolio companies."

 

 

 

EcoWatch Daily Newsletter

Pexels

The world's population will hit 10 billion in just 30 years and all of those people need to eat. To feed that many humans with the resources Earth has, we will have to cut down the amount of beef we eat, according to a new report by the World Resources Institute.

Read More Show Less

Beachgoers enjoying a pleasant evening on Georgia's St. Simons Island rushed into the water, despite warnings of sharks, to rescue dozens of short-finned pilot whales that washed ashore on Tuesday evening, according to the New York Times.

Read More Show Less
Sponsored
Golde Wallingford submitted this photo of "Pure Joy" to EcoWatch's first photo contest. Golde Wallingford

EcoWatch is pleased to announce our third photo contest!

Read More Show Less

Six Extinction Rebellion protesters were arrested as they blocked off corporations in the UK. The group had increased their actions to week-long nationwide protests.

Read More Show Less
Sari Goodfriend

By Courtney Lindwall

Across the world, tens of thousands of young people are taking to the streets to protest climate inaction. And at the historic Apollo Theater in Harlem last month, more than a dozen of them took to the stage.

Read More Show Less
Sponsored
Pumpjacks on Lost Hills Oil Field in California. Arne Hückelheim, Wikimedia Commons

By Julia Conley

A national conservation group revealed Wednesday that President Donald Trump's drilling leases on public lands could lead to the release of more carbon emissions than the European Union contributes in an entire year.

Read More Show Less
Pixabay

By Marlene Cimons

For nearly a century, scientists thought that malaria could only spread in places where it is really hot. That's because malaria is spread by a tiny parasite that infects mosquitoes, which then infect humans — and this parasite loves warm weather. In warmer climates, the parasite grows quickly inside the mosquito's body. But in cooler climates, the parasite develops so slowly that the mosquito will die before the it is fully grown.

Read More Show Less
The summit of Mauna Kea in Hawaii, which is considered sacred by some Native Hawaiians. Charmian Vistaunet / Design Pics / Getty Images

A decade-long fight over the proposed construction of a giant telescope on a mountain considered sacred by some Native Hawaiians came to a head Wednesday when 33 elders were arrested for blocking the road to the summit, HuffPost Reported.

Read More Show Less