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  • IdealRatings Expands its ESG Solutions

    March 13, 2019

    San Francisco, March 14, 2019 IdealRatings, Inc. a global screening provider for responsible investments solutions, announced today the launch of the enhanced ESG metric data offering; a recent addition to its ESG qualitative investment solutions. The new data-set reflects figures covering Environmental topics such as air emissions, wastes, water, and energy as well as various Social related topics such...

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  • First Sharia compliant Real Estate Securities separately managed account for La Française Forum Securities

    April 12, 2018

    February 2018 marks yet another milestone for La Française. La Française group is committed to establishing a long-term presence in the Middle East and developing innovative investment solutions with and for GCC institutional investors. After the creation of the first Sharia compliant OPCI (collective direct real estate investment vehicle) dedicated to institutional investors in 2012, Global real estate securities...

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  • ALPHA: r2 in the UK signs up to ethical data provider IdealRatings

    October 9, 2017

    ALPHA: r2, the managed portfolio service (MPS) available through Walker Crips for UK financial advisers and their clients, has entered into an exclusive arrangement with IdealRatings, the ethical data provider, to ensure all its portfolios are subject to an ethical screen. Walker Crips will now adopt an explicit three-pronged Environmental, Social and Governance (ESG) screen on all holdings in...

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  • Hejaz Financial Services Licenses IdealRatings Equity Screening Solution for Shariah Compliant Fund.

    August 1, 2017

    Hejaz Financial Services (“Hejaz FS”) has licensed the IdealRatings Equity Screening solution to act as the stock screening service provider for its first Shariah-compliant, Australian fund, named Global Ethical Fund. IdealRatings will perform the screening of market data for Shariah compliance, which will assist with the construction of the investment universe and ongoing compliance with Islamic principles in accordance...

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  • IdealRatings Inc. and PwC Luxembourg announce a Joint Business Relationship

    January 29, 2017

    PwC and IdealRatings are joining forces to bring new and innovative services in the field of screening Ethical, ESG and Islamic investments. Following the financial crisis, regulations affecting banks, insurers and investment funds have entered into force to increase both transparency in reporting and monitoring of investments. Driven by their investors, such financial actors are seeking to invest in...

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  • MayBank Islamic Asset Management Licenses IdealRatings Equity Screening Solution for its Shariah Funds

    November 1, 2016

    San Francisco – Kuala Lumpur, 24 October 2016 – Maybank Islamic Asset Management Sdn Bhd (“Maybank Islamic AM”), a wholly owned entity of Maybank Asset Management Group Berhad (“MAMG”), has licensed the IdealRatings Equity Screening solution to screen the market data universe for shariah compliance, in accordance to the shariah rulebooks, for the investment management of shariah mandates and...

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  • Nasdaq Dubai and IdealRatings launch benchmark indices to track performance of Sukuk

    October 10, 2016

      Comprehensive data helps investors make informed decisions Market transparency will support growth of Sukuk sector Launch reflects Dubai’s growth as global Capital of Islamic Economy       Dubai, October 10, 2016 – Nasdaq Dubai and IdealRatings today announced the launch of benchmark indices that track the performance of global Sukuk, in order to provide investors with new...

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  • Nestlē… Another Volkswagen’s replica on the way?

    Despite being a leader in several sustainability indices and a committed signatory to the UN Global Compact since 2001, Nestlē has been criticized since the 1970s for its greediness. The country seems to have ignored the strong policies it has committed itself and has been subject to numerous boycotts due to controversies such as its “killer” baby formula, bottling California water during droughts, destroying rain forests and for the last couple of years, child labor within its supply chain.

    The company, along with, Mars, The Hershey Co., Archer-Daniels-Midland and Cargill has been accused of purchasing cocoa from Cote d’Ivoire in full knowledge of that it used child slaves to harvest cocoa. A filed appeal to have the case dismissed was rejected by the US Supreme Court.

    In defense of the multinational, the Fair Labor Association, an independent entity devoted to protecting workers’ rights globally, conducted 13 surprise monitoring visits to four cooperatives in the Ivory Coast supplying to Nestlē reporting evidence of forced and child labour and while there were improvements according to their report, Nestlē still has a long way to go.

    It’s unclear whether child labour case could lead to the company’s downfall in terms of its stellar corporate responsibility standards reputation but it will certainly put a dent.

    Ameena Abouzeid

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    January 25, 2016
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