Proxy advisory firm Institutional Shareholder Services Inc. (ISS) is undertaking a strategic partnership with RepRisk, a provider of environmental, social and governance (ESG) research.
Rockville, Md.-based ISS announced a deal with Zurich-based RepRisk on Tuesday that will allow ISS to offer RepRisk’s ESG products to ISS’s clients, which includes investment managers, hedge funds, broker-dealers, and custodians. The proxy advisory firm says that this will allow clients to better manage reputational, compliance, and investment risks related to ESG issues.
RepRisk generates risk information on over 55,000 public and private companies around the world, to help inform investors’ due diligence, and to flag possible ESG risks.
“As a growing number of institutions, globally, sharpen their focus on non-financial risks, our clients will benefit greatly from access to RepRisk’s research, data, and analytics,” said Stephen Harvey, chief revenue officer at ISS.
“Critically, RepRisk offerings will assist ISS clients in selecting the best performing portfolio constituents for their beneficiaries, and facilitate compliance with U.N. PRI and other ESG investing stewardship guidance now gaining traction with investors,” he added.