The best of EcoWatch, right in your inbox. Sign up for our email newsletter!
New Partnership Helps Investors Identify Socially Responsible Companies
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.
“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
By Irene Banos Ruiz
Pediatricians in New Delhi, India, say children's lungs are no longer pink, but black.
Our warming planet is already impacting the health of the world's children and will shape the future of an entire generation if we fail to limit global warming to well below 2 degrees Celsius (35.6°F), the 2019 Lancet Countdown Report on health and climate change shows.
A middle-aged married couple in China was diagnosed with pneumonic plague, a highly infectious disease similar to bubonic plague, which ravaged Europe in the middle ages, as CNN reported.
Dairy aisles have exploded with milk and milk alternative options over the past few years, and choosing the healthiest milk isn't just about the fat content.
Whether you're looking beyond cow's milk for health reasons or dietary preferences or simply want to experiment with different options, you may wonder which type of milk is healthiest for you.
At least 1,688 dams across the U.S. are in such a hazardous condition that, if they fail, could force life-threatening floods on nearby homes, businesses, infrastructure or entire communities, according to an in-depth analysis of public records conducted by the the Associated Press.