GLOBAL - The Enhanced Analytics Initiative (EAI) has grown to twenty-one members representing €1.1trn in assets under management since its inception two years ago.
EAI members must allocate a minimum of 5% of their annual broker commissions to those research organisations that best analyse the material extra-financial issues (EFIs) that can affect a company’s or a sector’s performance.
EFIs typically include, but are not limited to, climate change, corporate governance, employment standards, human resources, and reputation risk.
Commenting on the increased interest that EFIs have generated, Peter Moon, CIO of the Universities Superannuation Scheme, said: "It is considered imperative by many market participants that these (EFIs) become an integral part of mainstream research."
The EAI said it expected its membership base to expand furrger, with a number of new organisations having expressed an interest in joining.
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Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point