agency rises out of Arese ashesSeptember 2002
A new ratings agency has been formed to analyse the social and environmental performance of companies around the world.
Vigeo, which will be based in Bagnolet, France, has been set up following the break up of the French ratings agency Arese, whose analyst team recently left en masse to join the Global Risk Management consultancy.
GRM hired seven analysts from Arese, including founder Genevieve Ferone, as part of a major expansion linked to the London-based agency’s recent appointment as SRI advisor to Barclays Global Investors.
GRM will research investment risks relating to European companies on issues such as environmental impact, human rights and supply chain policies, and will engage where appropriate on behalf of BGI, which holds £27billion ($42bn) of European equities.
A number of firms have shares in Vigeo, including Axa, BNP Paribas, Carrefour, Credit Lyonnais and Danone. The French trade union CFDT also has an interest.
A statement from the shareholders said Vigeo would ‘incorporate Arese into its share capital and will assume responsibility for its current operations including research and ratings for investors.’
Already a member? click here to login