GLOBAL - Convention Watch, a new service from EIRIS, enables investors to identify breaches of international conventions on human rights, labour standards, the environment, corruption and landmines in the companies they invest in.
Using the UN Global Compact as a framework Convention Watch enables investors to see whether companies are complying with the spirit of international conventions including the OECD Guidelines for Multinational Enterprises, UN
Universal Declaration on Human Rights, International Labour Organisation standards, the Kyoto and Montreal Protocols and the Ottawa Convention on anti-personnel landmines.
The service reports on how companies are dealing with important social, environmental and ethical standards, giving background and context to the issues covered.
Companies are given the opportunity to respond to allegations, and EIRIS assesses how well they have dealt with convention breaches and potential impact on their reputation.
Convention Watch, which analyses 2,800 companies, offers quarterly reports, paper-based or using EIRIS software. It can be used to assess compliance, screen companies and engage with companies, says EIRIS.
EIRIS’s executive director, Peter Webster said: “We anticipate this service will prove to be particularly useful for investors wishing to embed international principles into their investment strategy.”
EIRIS will be holding seminars in Copenhagen on 6 April and Stockholm on 7 April, to enable investors to find out more.
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