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Vigeo Eiris News - 12/11/2012

EIRIS welcomes improved quality standard for responsible investment research

The global voluntary quality standard for responsible investment research, formerly known as CSRR-QS, has been re-launched under the new name ARISTA.

The revised standard recognises organisations that “incorporate the key principles of quality, integrity, transparency and accountability into their research processes” and is currently run by the Association for Responsible Investment Services. It has a broader scope of certification and covers a much wider range of responsible investment services and products.

The standard is being re-launched as ARISTA to raise its profile amongst investors around the world. In particular ARISTA addresses the key elements of quality, managing the ESG research supply chain, and overall research group performance – elements which are largely missing from existing codes in this field. The standard uses a fully transparent methodology and calibrated and comparable assessment tools, each of which have been expanded to reflect the broader range of RI products now available.

EIRIS was in the first wave of organisations to be accredited to the quality standard in 2009. Peter Webster, Executive Director at EIRIS, said: “Quality underpins all of our research here at EIRIS. We welcome the newly-launched ARISTA standard which we will use to demonstrate quality across the broader range of products and services we now offer to responsible investors around the world.”

“There is a growing need for calibrated templates reflecting the content and value of responsible investment products”, said Herwig Peeters, President of ARISE. “There is a clear demand for efficient check and audit systems by regulatory frameworks on a national and international scale. ARISTA provides an invaluable comparative instrument for professional users and guarantees the quality and integrity of responsible investment ratings” he continued.

Although responsible investment research organisations aren’t currently legally obliged to adhere to ARISTA, it has become an increasingly-recognised sign of quality within the industry.

“Responsible investment research and ESG ratings have become an incontrovertible element of the responsible investment value chain”, explained François Passant, Executive Director of the European Forum for Sustainable Investment (Eurosif). “The launch of Arista 3.0 is therefore an essential initiative that will further foster quality and transparency in the sector. Further building on the previous version, Arista 3.0 enlarges the scope of its certification, which we believe will continue to strengthen the recognition of the standard and provide an even stronger basis for comparability of offerings for users” he continued.

Click here to find out more about the ARISTA quality standard for responsible investment research.

Keywords : ESG, Rating, United Kingdom, World