GMI Ratings and Ethix SRI Advisors Form Strategic Partnership

GMI to Offer Subscribers Access to Global Portfolio Screening Tools for Responsible Investors

New York and Stockholm (June 10, 2013) – GMI Ratings and Ethix SRI Advisors have formed a partnership to integrate Ethix SRI data into GMI Ratings’ flagship research platform, GMI Analyst. The new data will allow subscribers to GMI Analyst to evaluate corporate issuers based, in part, on their involvement in activities such as adult entertainment, tobacco, gambling and firearms.

In addition to data integrated into GMI Analyst, this partnership will offer GMI Ratings clients access to data and consulting services focused on issuers’ involvement in:

  • Business practices violating international norms for human rights, the environment, labor and anti-corruption standards.
  • Banned weapons such as cluster munitions and anti-personnel mines.
  • Countries with repressive regimes (e.g., Sudan).

The two firms expect to complete the first integration of Ethix data into GMI Analyst by end of June.  Once launched, this new feature of GMI Analyst will provide SRI data on more than 6,000 issuers for which GMI Ratings currently provides environmental, social and governance (ESG) research. Upon request from clients, GMI Ratings and Ethix will provide additional SRI screening coverage for international indices.

Dan Concannon, CEO of GMI Ratings, said: “GMI Ratings’ approach to product development has always been aligned with our clients’ needs. We see steadily growing demand for thorough and thoughtfully designed SRI screening, and we are delighted to partner with a pioneer in this area of research to offer our clients this essential set of analytical tools. The addition of Ethix data to GMI Analyst is a major step forward in helping our clients meet their evolving needs.”

Ulrika Hasselgren, CEO and founding partner of Ethix SRI Advisors, said: “Responsible investing is growing rapidly worldwide, and SRI screening remains an essential tool for investment managers and asset owners looking for new ways to improve portfolio performance, reduce risk and strengthen their competitive advantages. We feel very enthusiastic about our partnership with GMI Ratings. As we work to add our data to GMI Analyst, we will continue to explore more ways to help the clients of both firms benefit from the unique value of our combined intellectual capital.”

About Ethix SRI Advisors 

Established in 1999, Ethix SRI Advisors is a pioneer in Norm-Based Screening®, a leading expert of illegal weapons research, and a provider of a wide range of responsible investment-related services and products. As a trusted advisor to institutional investors and asset managers across Europe and in the US, Ethix helps clients with policy development and strategy, portfolio monitoring, company research, shareholder engagement programs, and communication support. Ethix is an international team with extensive experience in social, environmental and ethics research and analysis. The consultancy’s analyses encompass international humanitarian law, human rights, labour rights, the environment, anti-corruption, governance issues, as well as extensive social, environmental and ethical screens. Its clients manage SRI assets totaling in excess of €300 billion. More information is available at www.ethix.se.

About GMI Ratings

GMI Ratings is an independent provider of research and ratings on environmental, social, governance (ESG) and accounting-related risks affecting the performance of public companies. A signatory to the Principles for Responsible Investment (PRI), GMI Ratings was formed in 2010 through the merger of GovernanceMetrics International, The Corporate Library and Audit Integrity. In the 2012 Independent Research in Responsible Investment (IRRI) Survey conducted by Thomson Reuters Extel and SRI-CONNECT.com, GMI Ratings was named “The Best Independent Corporate Governance Research Provider”. Clients of GMI Ratings include leading institutional investors, banks, insurers, auditors, regulators and corporations seeking to incorporate accounting and ESG factors into risk assessment and decision-making. Visit the GMI Ratings website at www.gmiratings.com.

GMI Ratings Contacts

Joe Kern
Email: jkern@gmiratings.com
Phone: +1 212 949 1313 ext. 335

Joshua Kendall
Email: jkendall@gmiratings.com
Phone: +44 (0)207 160 9861

Ethix SRI Advisors Contacts

Ulrika Hasselgren
+46 8 407 00 11
ulrika.hasselgren@ethix.se

Reinhilde Weidacher
+46 8 407 00 15
reinhilde.weidacher@ethix.se