GLOBAL - The Investor Responsibility Research Center (IRRC) and Conflict Securities Advisory Group (CSAG) yesterday released a new research tool that will allow investors to screen companies for their ties to terrorist-sponsoring countries or their links to weapons of mass destruction.
The IRRC and CSAG’s new product, the Global Security Risk Monitor (GSRM), will provide investors with profiles of companies worldwide whose operations in six terrorist-sponsoring nations or ties to proliferation related concerns.
The group said that the company profiles included in the GSRM are designed to strengthen “due diligence” risk assessments, investment policy-making and corporate governance considerations.
According to the IRRC, companies that operate in North Korea, Libya, Sudan, Iran, Iraq and Syria - the US Department of State’s list of terrorist-sponsoring nations - pose a material risk to investors, both reputational and financial.
The new product will cost fund managers, corporate governance activists and other institutional investors $12,500 per annum, and will initially provide information on approximately 300 stocks.
Aside from company profiles, other GSRM features include: an overview of proliferation of weapons of mass destruction and ballistic missile delivery systems; sectorial security analyses; lists of companies involved in each of the six countries designated by country; and list by company of the countries in which they operate.
Based in Washington DC, the IRRC provides independent research on corporate governance and proxy voting issues. The CSAG, also based in the US capital, researches global security-related risk factors in the US and overseas markets.
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