oekom Corporate Bonds Study
Corporate bonds are enjoying increasing popularity among companies and investors. The persisting low interest rates on investment-grade government bonds, in particular, mean that investors are increasingly turning their attention to corporate bonds. Those investors who take account, when selecting corporate bonds, of how the issuing company deals with the industry-specific challenges of sustainable development will have clear advantages in terms of the likelihood of default and the interest return on the bonds. This is shown in the study „The Importance of Sustainability Criteria in Assessing the Opportunities and Risks of Investing in Corporate Bonds". In addition to a review of the existing literature on this issue the study focusses on the analysis on the link between oekom’s Corporate rating and the equity ratio of the analysed companies as well as the credit spread of the corporate bonds issued by these companies. (10/2014)
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oekom Corporate Responsibility Review 2014 - compact version
The oekom Corporate Responsibility Review is an annual report on global corporate responsibility which since 2009 has been documenting problems and progress in the integration of sustainability criteria into company management. The new format enables us to provide a compact summary of relevant developments in the key areas of corporate sustainability. (03/2014)
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The Impact of SRI
Many investors factor social and environmental criteria into their investments in companies’ equities and bonds with the aim of motivating the companies to make a greater commitment to sustainable development. In order to assess how well this lever is working, oekom research in collaboration with the Principles for Responsible Investment (PRI) and the German Global Compact Network asked 750 major global companies about the impact of sustainable investments and sustainability ratings. 199 of the companies, from just under 30 countries and from 34 industries, took part in the survey.
For 61.3 per cent of the companies surveyed, enquiries from sustainability rating agencies were a decisive factor in prompting them to tackle the issue of sustainability. Almost one in three companies said that enquiries from sustainability analysts influenced the company’s overall strategy. 60.3 per cent of the companies confirmed that such enquiries influenced their sustainability strategies, Almost one in three companies said that their performance in sustainability ratings also influenced management remuneration. Of the sustainable investment strategies used, the companies ascribed the greatest influence to the best-in-class approach. (06/2013)
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oekom Corporate Responsibility Review 2013
Since the international community formulated the goal of a “green economy” at the Rio+20 summit in summer 2012, if not earlier, public attention has increasingly been focussing on the economy’s contribution to global sustainable development. But how are companies tackling the issue of sustainability, and what concrete action are they taking to combat climate change, to protect species diversity or to fight poverty? oekom research looks into this question in its latest Corporate Responsibility Review. (03/2013)
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Double Dividend with Sustainability Ratings from oekom research
In cooperation with DPG, the Deutsche Performancemessungs-Gesellschaft für Wertpapierportfolios mbH (a German company specialised on investment portfolio performance assessment) we compared the performance and risk status of large caps that have been awarded with the oekom Prime Status against the respective development of the MSCI World Total Return Index® – revealing a very positive outcome:
During the period 31 December 2004 to 31 December 2011, hence over a time period of seven years, the oekom Prime Portfolio Large Caps achieved a return on investment that was 15.30 per cent higher compared to its conventional benchmark, the MSCI World Total Return Index®. In absolute numbers, the cumulative return on investment of the oekom Prime Portfolio Large Caps (weighted by market capitalisation) amounted to 30.90 per cent. Over the same period the MSCI World Total Return Index® achieved a cumulative return on investment of 26.80 per cent. If equal weighting is applied to the securities in the oekom Prime Portfolio Large Caps, their cumulative return on investment even rises to 62.84 per cent. The annual risk of the oekom Prime Portfolio Large Caps (weighted by market capitalisation) was found to be 18.92 per cent, slightly lower than that of the MSCI World Total Return Index®. (07/2012)
oekom Corporate Responsibility Review 2012
This, our fourth, annual review of global corporate responsibility gives detailed insights into the latest results of the corporate responsibility rating of the around 3,100 companies. One of the aspects which we examine in detail in the study is the situation regarding labour rights and human rights. We also focus on the prevalence of corruption and environmental violations, the needs of an ageing society and the measures being taken by companies from selected industries to improve recycling. (03/2012)
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Theme Report Energy Efficiency
By increasing energy efficiency, Europe could reduce its energy consumption substantially. In the wake of the nuclear disaster in Japan and debate about an energy transition, share prices of solar and wind power companies have shot up, while systematic energy saving is being largely neglected. The "Theme Report Energy Efficiency" by the sustainability rating agency oekom research AG and the European umbrella organisation for sustainable investment Eurosif points out potential areas for saving energy and important drivers for energy efficiency in various sectors. It also shows the importance the financial market has in promoting energy efficiency and the opportunities for investors to profit from it. (04/2011)
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oekom Corporate Responsibility Review 2011
This third annual report on global corporate responsibility provides detailed insights into oekom research’s latest corporate responsibility rating results for around 3,100 companies and presents an overview of international developments and trends. One aspect which oekom research looks at in detail in the Corporate Responsibility Review 2011 is the situation of labour rights and human rights. We also focus on the spread of corruption and constraints on competition, the increasing importance of sustainability criteria in the payment of salaries and bonuses, the way in which customer data is handled and the state of the global forests and measures for their protection. (03/2011)
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oekom Corporate Responsibility Review 2010
With a few exceptions, the financial and economic crisis has not caused companies to make cuts in corporate responsibility management. On the contrary: sustainability is increasingly seen by companies as a way of helping them to stabilise their positions and ensure their future viability. This is the key finding of oekom’s Corporate Responsibility Review 2010. The study provides detailed insights into the latest corporate responsibility rating results for over 3,000 companies and presents an overview of international developments and trends. It examines various issues, including the quality of sustainability reporting, the prevalence of violations of anticorruption and antitrust regulations and companies’ commitment to climate protection. (06/2010)
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Theme Report Biodiversity
Eurosif and oekom research have jointly published a report highlighting critical business risks and opportunities in various industries linked with biodiversity and ecosystem services. The report details five industries that either have a high impact on the biodiversity & ecological system or whose activities largely depend on these systems for their livelihood, and their associated direct and indirect risks: Agriculture & Food, Extractive Industries, Paper & Forestry, Real Estate & Infrastructure and Tourism. (06/2009)
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oekom Corporate Responsibility Review 2009
In the oekom Corporate Responsibility Review 2009 we aim to present you with a summary of the sustainability activities of the world’s major companies and to help to answer the following questions: What are the latest issues and developments in the area of corporate responsibility? What trends can be identified for 2009? Which companies are the global leaders in terms of sustainable management? To this end, we have opened up our database, into which for more than 15 years we have systematically been feeding data from over 1,100 companies from more than 40 countries, and have come to some very interesting conclusions, which we would like to share with you. (06/2009)
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Sustainability rating leaders are outperforming the rest
Sustainable companies are yielding better returns than the market as a whole, according to the results of a study conducted by the rating agency oekom research and the Wealth Management division of HypoVereinsbank (HVB) in 2007. The study found that over the last six years, the securities in oekom research’s prime universe had returned a total gain of 35.8 per cent, while the MSCI World index, a representative benchmark for the market as a whole, recorded a negative yield of -24.0 per cent over the same period. In other words, oekom research's prime universe outperformed the MSCI World by almost 60 percentage points. (09/2007)
More profit through sustainability?
Initial results from this rating agency’s study, conducted in collaboration with Munich University of Technology, once again confirm the financial superiority of sustainable companies: in 2001, 2002 and 2003, return on investment (ROI) as well as earnings per share (EPS) – both classic indicators of corporate success – have been significantly higher among companies operating sustainably than among their non-sustainable competitors. (06/2005)
According to the World Wide Fund for Nature (WWF), environmental and social aspects are sparsely taken into account when allowing credits. In order to get an objective picture of the investment standards at the most important internationally acting German banks the WWF commissioned rating agency oekom research with a banking rating. (11/2003)