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September 10, 2012
GMI and Trucost Form Partnership
    by Robert Kropp

The strategic partnership provides for environmental research by Trucost to be incorporated into GMI's analysis of the corporate governance performance of companies.


Two of the leading lights of environmental, social, and corporate governance (ESG) research and analysis—GMI Ratings and Trucost—announced on September 8th a strategic partnership, by which the environmental performance data compiled by Trucost will be incorporated into the corporate governance ratings and research of GMI.

Both companies are highly regarded by many sustainable investors, and the research data of each has been utilized by many institutional investors to reduce ESG risks in their portfolios. Trucost contributes to Newsweek's popular Green Rankings by providing environmental impact assessments by quantifying publicly disclosed environmental data and putting a dollar figure on those impacts.

GMI's corporate governance ratings have, in recent months, highlighted the risks associated with News Corp.'s handling of the widely-publicized phone hacking and bribery scandal, Wal-mart's efforts to contain an alleged bribery scheme at its Mexican subsidiary, and recent divestitures of large holdings of stock in Facebook by several of the company's directors.

"Given the potential impact of environmental mismanagement on a company’s value, it has become increasingly important for investors and corporate stakeholders to have a better understanding of which companies are actively managing risks around environmental issues," a GMI press release stated. "The Trucost data will bolster GMI's existing ESG metrics by offering more visibility on when a company’s environmental performance is below average for its sector, or when it hasn’t disclosed environmental data publicly."

Jack Zwingli, CEO of GMI said, "Environmental risk is recognized as impacting corporate balance sheets, long term financial performance and as a cause of negative events that damage reputations and value. For that reason, investors and corporations are actively incorporating ESG into their decision making and reporting."

And Richard Mattison, chief executive of Trucost said, "Providing Trucost data over the robust and comprehensive GMI Analyst platform enables the investment community to integrate environmental risks and opportunities into their traditional analysis. A company that manages its environmental efficiency and reporting to a high standard is a good proxy for all round good management."

 

 
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