USA - The Enhanced Analytics Initiative (EAI) has increased its reach in the US with the announcement that investment fund coalition Ceres will partner it.
Ceres, which has 80 investment funds, including many pension funds, has pledged to support EAI’s mission to encourage investment research that considers the impact of ‘extra financial’ issues on long-term company performance.
EAI was established in 2004 by a group of asset owners and managers committed to promoting better research on extra-financial issues. EAI has 19 European and U.S. members with collective assets totalling more than €802 billion/> US$1 trillion.
Ceres works with investors, environmental groups and other public interest organizations to advance environmental stewardship among U.S. and non-U.S. businesses.
Mindy S. Lubber, Ceres president and director, investor network on climate risk, said:“Ceres is joining EAI because improving mainstream research on climate change and other extra-financial issues is critical if these challenges are to be fully integrated into investment decisions.”
David Blood, chairman of EAI and managing partner at Generation Investment Management, commented: “Ceres has for some time been leading the way in the U.S. in helping companies communicate the broader impact of their business activities and is therefore a natural partner for EAI. In addition, Ceres’ success in helping U.S. investors to understand the impact of extra-financials on their own investment returns means that its support for EAI will be of great benefit.”
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