CSRHub Blog Research on ESG metrics and comments on sustainability best practice

CSRHub’s Bahar Gidwani speaking at 2020 Wall Street Green Summit

[fa icon="calendar'] Oct 1, 2020 8:00:00 AM / by CSRHub Blogging

CSRHub CTO and Co-Founder Bahar Gidwani will 2020 Wall Street Green Summitagain be speaking at 2020 Wall Street Green Summit. The conference will take place virtually October 5th – 9th.


The Wall Street Green Summit was launched in 2002, making it one of the longest running events in the sustainability industry. Striving to develop the sustainable finance system for responsible investing, the summit gathers professionals and pioneers in the world of sustainability to discuss the many facets of the emerging "impact economy."

This year’s five-day virtual conference will include panels on: Sustainable Finance Megatrends, Green & Sustainable Finance, Technology Solutions, Investing for Impact, and Cleaner Sustainable Technology for Climate Solutions.

Bahar will be sharing his insights on the Sustainable Finance Megatrends on the first day of the summit. This discussion will be moderated by Paul Ellis of Paul Ellis Consulting. The other panelists he will be conferring with include:

  • Peter C. Fusaro, Partner, ESG and Impact, AV Group Ltd.
  • Katie MacDonald, NYSERDA
  • Kristen Sullivan, Partner, Deloitte & Touche LLP, Americas Sustainability Services Leader
  • Ted J. Haberfield - Chairman & President, MZ Group US
  • Tim Hoffman, Program Director, NYS Venture Exchange and Columbia Tech Ventures
  • Tinia Pina, Founder & CEO, Re-Nuble Inc.
  • Andrea Bonime-Blanc, CEO & Founder, GEC Risk Advisory

 

For the full program, complete list of speakers, and the opportunity to register, click here.

 

Bahar_Gidwani-10  Bahar Gidwani has built and run large technology-based businesses for many years. Bahar holds a CFA (Chartered Financial Analyst) and was one of the first people to receive the FSA (Fundamentals of Sustainability Accounting) designation from SASB. Bahar worked on Wall Street with Kidder, Peabody, and with McKinsey & Co. He has founded several technology-based companies and is a co-founder of CSRHub, the world’s broadest source of corporate social responsibility information. He has an MBA from Harvard Business School and an undergraduate degree in physics and astronomy. He plays bridge, races sailboats, and is based in New York City.

CSRHub offers one of the world’s broadest and most consistent set of Environment, Social, and Governance (ESG) ratings, covering 20,000 companies. Its Big Data algorithm combines millions of data points on ESG performance from hundreds of sources, including leading ESG analyst raters, to produce consensus scores on all aspects of corporate social responsibility and sustainability. CSRHub ratings can be used to drive corporate, investor and consumer decisions. For more information, visit www.CSRHub.com. CSRHub is a B Corporation.

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CSRHub's Bahar Gidwani Speaking at BattleFin Virtual Discovery Days

[fa icon="calendar'] Sep 28, 2020 12:35:40 PM / by CSRHub Blogging

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CSRHub CTO and Co-Founder, Bahar Gidwani, will be speaking at the 2020 BattleFin Ensemble & Discovery Days event. The conference will take place virtually September 29th - 30th, 2020.  

BattleFin's panel lineup is broad and current, including discussions on the recovery of the travel industry, tech and consumer stock insights, macroeconomic trends, and even a panel focusing on the current election. 

The two-day conference aims to use alternative data insights to predict some of the changing impacts Covid-19 will have on Q3 earnings.

Bahar will take part in a roundtable discussion on the Institutional Investor's Perspective sponsored by AWS on Tuesday at 11:35am ET alongside executives from:

  • Sentieo - Financial Research for a Market Edge
  • American Century Investments - Leading Asset Management Firm
  • Worldwide World Pensions Council - The Asset Owners' Think Tank

For the full agenda, a complete list of speakers, and the opportunity to register, click here.

Bahar.Gidwani Bahar Gidwani has built and run large technology-based businesses for many years. Bahar holds a CFA (Chartered Financial Analyst) and was one of the first people to receive the FSA (Fundamentals of Sustainability Accounting) designation from SASB. Bahar worked on Wall Street with Kidder, Peabody, and with McKinsey & Co. He has founded several technology-based companies and is a co-founder of CSRHub, the world’s broadest source of corporate social responsibility information. He has an MBA from Harvard Business School and an undergraduate degree in physics and astronomy. He plays bridge, races sailboats, and is based in New York City.

CSRHub offers one of the world’s broadest and most consistent set of Environment, Social, and Governance (ESG) ratings, covering 20,000 companies. Its Big Data algorithm combines millions of data points on ESG performance from hundreds of sources, including leading ESG analyst raters, to produce consensus scores on all aspects of corporate social responsibility and sustainability. CSRHub ratings can be used to drive corporate, investor and consumer decisions. For more information, visit www.CSRHub.com. CSRHub is a B Corporation.

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CSRHub Announces Integration of Arabesque S-Ray Data into its Consensus Ratings

[fa icon="calendar'] Sep 2, 2020 9:00:00 AM / by CSRHub Blogging

CSRHub is pleased to announce that it is now integrating data from Arabesque S-Rayâ into its consensus ratings. Using quantitative data techniques and a rules-based approach, Arabesque S-Ray provides technology that is used by some of the world’s largest investors, corporations and consultancies to assess the sustainability performance of listed companies globally. S-Ray data will now directly contribute to CSRHub’s sustainability analysis of more than 7,000 companies, and will enhance the ratings for all 36,000 companies that CSRHub covers.

CSRHub_ArabesqueSRay

Arabesque S-Ray systematically combines over 250 ESG long-term metrics with news and NGO signals from over 30,000 sources to provide dynamic and responsive scores. Covering over 85% of global market cap and drawing from over four million ESG data points daily, S-Ray utilises an ever-expanding and diverse range of data to create quantitative metrics for the assessment of corporate performance.

The chart below compares the S-Ray ESG Score of 6,263 companies with CSRHub’s own ratings, captured on 1 December, 2019. The data shows a rating correlation of 58%, which is particularly striking given that CSRHub’s ratings were published two months after those of S-Ray, and highlights the effectiveness of S-Ray’s daily scoring approach.

ArabesqueSRay_CSRHub

Arabesque S-Ray joins other major ESG data and ratings providers who supply data to CSRHub, such as MSCI, Vigeo Eiris, ISS, and S&P Trucost. Each of these providers offers a unique perspective on the ESG performance of the companies they cover—perspectives that CSRHub combines with crowd, non-profit organization, and government datasets to create its consensus rating.

Todd Arthur Bridges, Global Head of Sustainable Investing and ESG Research at Arabesque S-Ray, said; “CSRHub is a truly unique company that knows the importance of systems-level thinking, and has brought the sustainable finance ecosystem together in a systematic way through their Consensus Ratings. Information is critical to well-functioning and efficient markets, and the leadership team of CSRHub has been able to break down the ESG paywalls across commercial organizations to help innovate and advance progress. The CSR Ratings and Rankings are well designed and allow for proper ESG consensus calibration – which can easily be understood by many users across the sustainable finance stakeholder community. Arabesque S-Ray is proud to be part of CSRHub and their mission.”

Bahar Gidwani, Cofounder and CTO at CSRHub said; “We were very pleased when our analysis showed that our methodology and results were closely aligned with those of S-Ray. S-Ray data appears to offer a current and forward-looking view of company ESG performance that matches well with CSRHub’s backward looking perspective.  By combining our work, investors and other researchers may be able to better understand and predict how perception of company ESG ratings will change.”

 

About CSRHub

CSRHub offers one of the world’s broadest and most consistent set of Environment, Social, and Governance (ESG) ratings, covering 20,000 companies. Its Big Data algorithm combines millions of data points on ESG performance from hundreds of sources, including leading ESG analyst raters, to produce consensus scores on all aspects of corporate social responsibility and sustainability. CSRHub ratings can be used to drive corporate, investor and consumer decisions. For more information, visit www.CSRHub.com. CSRHub is a B Corporation.

About Arabesque S-Ray GmbH

S-Ray® is a leading analytics tool developed by Arabesque that assesses the sustainability performance of over 7,000 listed corporations using self-learning quantitative models and data scores. The technology systematically combines over 250 ESG metrics with news signals from over 30,000 sources across 170 countries. It is the first tool of its kind to rate companies on the normative principles of the United Nations Global Compact (GC Score). Additionally, S-Ray provides an industry-specific assessment of companies' performance on financially material sustainability criteria (ESG Score), together with an assessment of how companies report their emissions (Temperature™ Score). These scores are combined with a preferences filter that assesses a company's business involvements. S-Ray daily data products and services are used by some of the world's leading financial institutions, investors, corporations and consultants.

 

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CSRHub and Craft Launch Supply Chain Partnership

[fa icon="calendar'] Aug 25, 2020 9:07:59 AM / by CSRHub Blogging

The Partnership Will Use CSRHub’s Data To Integrate ESG Into Supply Chain Analysis

New York - August 25, 2020 – CSRHub, a leader in consensus ESG (Environment, Social, and Governance) ratings and information, announced today a partnership with Craft, the enterprise intelligence provider, to integrate data from CSRHub into Craft’s offerings. This integration will help supply chain managers build a 360-degree view of supplier ESG risk.

“The case for using corporate social responsibility measures as a leading indicator of company performance, and social and environmental impact has never been stronger. It is quickly becoming a key consideration in managing risk, driving customer satisfaction, and building ethical and resilient supply chains among our customers, said Ilya Levtov, founder and CEO of Craft. “We’re delighted to be working with CSRHub to incorporate its ESG ratings into Craft’s 360 degree view of every supplier that can be monitored on our platform.”

Recent climate, health, and social challenges have disrupted Craft_CSRHubsupply chains. Both companies see this partnership as a timely response to these challenges that could decrease supply chain risk and increase supply chain resilience.  

With ratings on 20,000 companies, CSRHub is a leader in consensus ESG ratings. “We expect to benefit from Craft’s strong customer relationships and its experience in supply chain management” said Cynthia Figge, CEO and Co-founder of CSRHub. “We are excited to bring high-value ESG data to Craft’s customers and enjoy being aligned with a company that shares our values.”

About CSRHub

CSRHub offers one of the world’s broadest and most consistent set of Environment, Social, and Governance (ESG) ratings, covering 20,000 companies. Its Big Data algorithm combines millions of data points on ESG performance from hundreds of sources, including leading ESG analyst raters, to produce consensus scores on all aspects of corporate social responsibility and sustainability. CSRHub ratings can be used to drive corporate, investor and consumer decisions. For more information, visit www.CSRHub.com. CSRHub is a B Corporation.

About Craft

Craft is an enterprise intelligence company helping organizations make data-informed business decisions by delivering comprehensive, validated and always up-to-date commercial data, analytics, and actionable insights. Headquartered in San Francisco, Craft works globally with Fortune 500 companies in aerospace & defense, banking, pharmaceutical and retail. For more information, visit enterprise.craft.co or connect with us on LinkedIn.

 

CSRHub Media Contact:
Ruth Edwards
ruth@csrhub.com 

Craft Media Contact:
Zuzanna Wilson
zuzanna@craft.co
+ 415-425-8926

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Do Political Donations Really Predict Corporate Behavior?

[fa icon="calendar'] Aug 21, 2020 10:00:52 AM / by CSRHub Blogging

Goods Unite Us has spent thousands of hours vetting companies' political expenditures in federal elections. They will tell you about the donations made by the organization and its senior employees along with each company's exclusive Campaign Finance Reform Score. CSRHub measures the environmental, social and governance performance of thousands of companies by aggregating 700 sources to derive consensus ESG ratings.

Goods Unite Us and CSRHub have combined datasets to see if any correlations showed up in terms of political affiliation and ESG scores. And some did. 

Our new joint report, which to our knowledge is the first of its kind, is available here. In short: 

goods unite us_CSRHub2

Blue companies outperform red companies overall and in three of four ESG categories.

CSRHub’s ratings measure four main categories: a company’s relationship with its community, its employees, the environment, and the boardroom governance that guides all of it. We found that the political leanings, right or left, of a company’s leadership could predict it’s scores overall and in three of the four ESG categories.

The findings of our joint report paint an amazingly clear picture of how the political leanings of a firm’s leadership affect its relationships with the environment, its supply chain, and its own workers. If a company is blue, it is statistically more likely to have better scores in all of these areas.

CSRHub’s Chief Technology Officer and cofounder Bahar Gidwani notes: “Both corporate managers and investors are interested in understanding the relationship between a company’s political activity and its social impact. This study demonstrates that there is a connection and suggests that political contributions should be seen as part of a company’s sustainability profile.”

The findings were statistically significant in all categories except for governance, where Democrat-leaning companies did score higher, but not in a way significant enough to show a generalizable pattern. 

In a nutshell, political donations are an exceptionally good predictor of not only a company’s political views, but also of its actual behavior. As Abigail Wuest, our CEO and cofounder, puts it, “These donations can tell you a lot about a company’s day-to-day behavior. And that’s priceless information to have when you’re deciding who to buy from or invest in.”

Our final report is available here.


CSRHub offers one of the world’s broadest and most consistent set of Environment, Social, and Governance (ESG) ratings, covering 20,000 companies. Its Big Data algorithm combines millions of data points on ESG performance from hundreds of sources, including leading ESG analyst raters, to produce consensus scores on all aspects of corporate social responsibility and sustainability. CSRHub ratings can be used to drive corporate, investor and consumer decisions. For more information, visit www.CSRHub.com. CSRHub is a B Corporation.

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