Listed firms to get SRI dataJuly 2009
The world’s largest stock exchange group, New York Stock Exchange Euronext, has formed a partnership with an SRI research consultancy to provide companies listed on its exchange with access to a database of environmental, social and governance data.
Through the collaboration between NYSE Euronext and Asset4, the Switzerland-based investment information provider, companies listed on its exchanges will be able to compare their CSR performance against those of their peers.
NYSE Euronext, whose equities markets include the New York Stock Exchange, Euronext, NYSE Arco and NYSE Amex, and which represents 40 per cent of the world’s cash equities trading volume, will become the first large stock exchange to provide Asset4’s Assetmaster Executive product to a number of its listed companies.
The product, for executives, board members and CSR managers, is intended to allow users to reduce risk, improve corporate governance, increase accountability and attract investment.
The system includes 90 industry-specific key performance indicators, which NYSE Euronext listed companies will be able to view against a customized benchmark of peers.
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