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Press Releases - 24/06/2014

EIRIS to provide ESG research to the EIB

EIRIS has been selected by the European Investment Bank (EIB) to provide research on the environmental, social and governance (ESG) performance of a number of European companies as part of the Bank’s due diligence and monitoring processes.

EIRIS provides the EIB with its assessment of the corporate sustainability performance of large European enterprises, and the potential environmental, climate and social impacts, risks and opportunities related to their operations and management. For operations in all regions, the EIB project team assesses and tracks over time the capacity and capability of the promoters (clients e.g. large European companies) it finances, to identify and manage their activities’ environmental, climate and social impacts and risks. With this contract EIRIS will complement the project team’s assessment, by providing an independent source of information.

Research provided by EIRIS includes EIRIS Global Sustainability Ratings, EIRIS Convention Watch and EIRIS News Risk Monitor research. The Sustainability Ratings provide the bank with analyst assessment of the policies, management processes and reporting systems that the companies have in place to manage their material ESG issues, with sustainability scores available at sector and regional levels. EIRIS News research provides the bank with analyst insight that grades and explains the level of potential risks identified from searches for reports of controversial activities. EIRIS Convention Watch identifies and assesses corporate response to allegations of breach of norms and principles enshrined in international conventions and the UN Global Compact. The research is available via EIRIS’ online platform, the EIRIS Global Platform.

Peter Webster, CEO at EIRIS said, “The European Investment Bank seeks to embed responsible financing and borrowing in its operations. We are delighted that the European Investment Bank has chosen EIRIS research to support this work.”

Press contact:

Stephen Hine
Tel: +44 (0)20 7840 5716

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Keywords : Methodology, Rating