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UniCredit: ESG report


For the first time, UniCredit Global Research presents a "Responsible Investment" (RI) survey of its entire German equity universe offering a unique product that combines "Environmental, Social and Governance" (ESG) and financial ratings for 140 German companies. The publication results from a strategic partnership with Munich-based oekom research, a Sustainability Research provider. UniCredit has the exclusive right to produce and market RI Research utilizing oekom's ratings and expertise, while oekom's rating independence remains assured during the whole partnership.

The combination of UniCredit's in-depth German equity coverage with oekom's 15-year established sustainability research process provides investors with the most comprehensive integration of financial and sustainability ratings in the German equity universe, covering more than 90% of market cap.

This ESG focused research report is published against the background of profound changes the RI movement has gone through over the past decades, triggered by major global social, political and economic events. The result of these events is materializing as a growing global consensus that financial markets must be embedded in broader frameworks of social values and shared objectives if they are to survive and thrive. The challenge for investors remains on how to adapt best to the ongoing change, where the currently dominant shareholder wealth maximization approach clashes with the stakeholder one. ESG risk analysis integration not only remains a challenge for mainstream financial analysis, but also for portfolio management.

"Our research addresses these challenges by providing investors with an analytical framework for ESG risk integration into modern portfolio management", explains Thorsten Weinelt, Head of UniCredit Global Research. "The promotion of more sustainable investment markets and societies lies at the core of this report with the final goal being the unlocking of a more sustainable performance measurement for financial markets. In other words, the unlocking of sustainable alpha through ESG analysis."

"We are pleased to contribute with this collaboration to the further dissemination of Responsible Investment. The integration of ESG issues into financial analyses is an exemplary engagement and indicates that sustainability is gaining in importance on mainstream financial markets", explains Robert Haßler, CEO of oekom research.

UniCredit Global Research proves through its methodology that, even at this early stage of development, the implied cost of equity for high RI-rated stocks is lower in certain sectors of the German economy. With academic research increasingly highlighting the positive relationship between ESG factors and investment performance, UniCredit looks forward to continue delivering added value to the responsible investment research process with its newly formed strategic partnership. A further expansion of the partnership with oekom into UniCredit's core markets in Western and Emerging Europe is planned.

The concept of Responsible Investment is gaining momentum in the global financial system, with USD 84 bn of assets under management and over USD 15 tn committed to it. Although connotations vary from responsible, sustainable, ethical to socially responsible investing (SRI), the underlying principle is common: the integration of ESG issues into traditional investment analysis and assessment. UniCredit´s commitment to ESG principles is set out in its extensive series of Sustainability Reports, issued each year alongside the Group´s annual reporting structure.

Contact for press: Claudia Bresgen, tel: +49 89 378-25554, fax: +49 89 378-25699,

latest news

oekom research to Join Institutional Shareholder Services


oekom research ESG Expertise and ISS Services Allow for Holistic Approach to Responsible Investment; Management Team, Staff Remain in Place

MUNICH, GERMANY & ROCKVILLE, MARYLAND (March 15, 2018) -- oekom research, a leader in the provision of environmental, social, and governance (ESG) ratings and data, as well as sustainable investment research, today announced it will join Institutional Shareholder Services Inc. (“ISS”). Reflecting the strength of both brands, oekom research will be renamed ISS-oekom. Lire la suite en anglais

SRI-Connect Responsible Investment Survey IRRI 2017: oekom research is in the running


This year, oekom research is once again participating in SRI-Connect's international Independent Research in Responsible Investment Survey (IRRI). Numerous representatives of asset managers, brokers, ESG analysts and also publicly traded companies are invited to vote on who has distinguished themselves in this field during the past year through quality performance and innovations. Lire la suite en anglais

oekom Impact Study 2017: The impact of responsible investment on companies is increasing


Impact Studie 2017

In its new Impact Study 2017, an extended new edition of an earlier study from 2013 on the influence of the responsible capital markets, oekom research sees a clearly positive development. The impact that responsible investors, banks and rating agencies have on the companies’ sustainability efforts has increased considerably since the last survey in 2013. Lire la suite en anglais

oekom research provides SPO for Nordea Green Bond Asset Portfolio


Nordea, the largest universal bank, asset manager and life and pensions provider in the Nordics, commissioned oekom research to provide a Second Party Opinion for the issuance of its inaugural Green Bond in order to evaluate the sustainable added value of Nordea´s Green Bond Asset Portfolio, from which assets for the Green Bond issuance will be chosen. The assessment and confirmation of the Green Bond Asset Portfolio was conducted using the criteria and indicators of oekom research´s Green Bond Analysis Framework. Lire la suite en anglais

Statement on the USA´s termination of the Paris Climate Agreement


On 1 June 2017, US President Donald Trump announced the USA’s intention to withdraw from the Paris Climate Agreement at the earliest possible moment. With this, the dismantling of the country’s climate-protection endeavours, which already began at the start of his term of office, has been given new impetus. The USA is regarded as the second-largest emitter of greenhouse gases (GHG) worldwide. The USA pulling out of the Paris Agreement will decelerate the reduction in global emissions and development of renewable energies, and could also jeopardize the achievement of the 1.5°C target agreed upon in Paris. Lire la suite en anglais

oekom Corporate Responsibility Review 2017


oekom research presents the Corporate Responsibility Review 2017. For the first time ever, the independent sustainability research agency has identified a more than just slightly upwards trend in its latest annual report on sustainable business governance around the globe.

One of the possible reasons for this trend, which is most noticeable in the midfield of the rated businesses, can be seen in the pressure to change and the impulses for increased sustainability which are impacting companies from many angles. Lire la suite en anglais

Malgré le Brexit et l’élection de Trump, les investissements durables gardent le vent en poupe


Le choix d’un « Brexit dur » que vient d’annoncer le gouvernement britannique et le changement prévisible de politique des États-Unis ont fait naître des incertitudes politiques et économiques dès le début de l’année. Cette situation fait craindre une détérioration de la compréhension internationale, un renforcement des protectionnismes nationaux et une surexploitation des ressources environnementales. Il importe donc plus que jamais de poursuivre les objectifs de développement durable définis en 2016 qui s’inscrivent dans une exigence de monde partagé, et de s’engager en faveur d’un développement véritablement durable et responsable. Lire la suite en anglais

Emissions at Fiat Chrysler Automobiles


In September 2015, a study conducted by the General German Automobile Club (ADAC) revealed that the Fiat 500X model emitted more than six times more NOx than under EU-testing standards when being tested using the UN-developed test method (WLTC), which better represents real driving conditions. 

The company was not accused of illegal behaviour (e.g. use of defeat devices) by public authorities at that time. In February 2016, however, media reported that independent testing of a Fiat Chrysler 500X 2015 model (Euro 6 diesel) showed that the SUV’s NOx emissions ranged between 11 and 22 times the legal European limits when tested with a ‚warm' engine. Lire la suite en anglais

Result of the presidential election in the US - impact on the country rating


The 2016 presidential election in the United States finished with an unexpected victory for Donald Trump, winning 289 of the necessary 270 electoral votes. The victory leaves the United States and the world plunging into an uncertain future,. Donald Trump’s presidency will also pose significant threats to global sustainability challenges represented in the oekom research country rating.

Trump rejected climate change as a ‘hoax’ allegedly created to dampen US competitiveness. Once in office, he would cut all payments to global warming programmes and cancel the Paris Agreement. Without the United States’ participation the agreement might become irrelevant. Lire la suite en anglais

oekom research and Solactive support Federal State of Berlin in driving the city´s divestment activities with the development of a sustainable equity index


oekom research AG, a leading expert in ESG research and analysis and Solactive AG, the German multi-asset index provider specialized in the creation of customized financial indices, have been selected by the Federal State of Berlin to support its long-term divestment strategy for the management of public pension funds. Berlin is one of the latest capitals to join the movement that has seen cities, such as Oslo and Stockholm, commit to divestment as a response to climate change. Lire la suite en anglais

oekom research and South Pole Group Support Pioneering Local Authorities to Divest from Fossil Fuels


oekom research is supporting the cities of Münster and Stuttgart in their decarbonisation activities and in divesting from projects that contribute to accelerating climate change Both cities are among the first local authorities in Germany wishing to make their investments CO2-neutral and free of fossil fuels such as coal and oil. oekom research is supplying the necessary analyses and reports together with its partner South Pole Group, a leading sustainability solutions provider and global supplier of climate-related impact analyses and carbon footprinting data. Lire la suite en anglais

Deep Data Delivery Standard: oekom research recognised with Gold Standard


Deep Data Delivery StandardWith the launch of the independent quality initiative „Deep Data Delivery Standard“ and its accompanying award recognitions, oekom research has received the „Gold Standard“. The international sustainability ratings pioneer is now attested to comply to all aspects of the strict and concrete catalogue of requirements for the generation and provision of ESG information defined by the Deep Data Delivery Standard. Lire la suite en anglais

Impact of the spin-off and listing on the stock exchange of Uniper Group on 12 September on the oekom Corporate Rating of E.ON


On 12 September 2016, E.ON finalised the spin-off of its former business unit Uniper, which was officially listed on the stock exchange. The operational separation of E.ON and Uniper’s activities had already been implemented on 1 January 2016. After the spin-off, E.ON retains an ownership of 46.65% in Uniper, but plans to divest its remaining shares in the medium term. E.ON now focuses exclusively on the business segments Energy Networks, Customer Solutions and Renewables. Further, the company maintains its responsibility for the German nuclear energy plants, which will be operated by PreussenElektra. Together with the minority shareholding in Uniper, these activities are managed as part of the ‘Non-Core’ business segment. Lire la suite en anglais

oekom research receives Green Bond Award for Second Opinion Excellence


Sustainability rating agency’s research and analysis service distinguished anew 

Kristina Rüter, Green Bond Award 2016

oekom research was distinguished as the “most impressive Second Opinion Provider” at this year’s SRI / Green Bond Awards. The competition initiated by international trade magazine GlobalCapital recognises those market players – Lire la suite en anglais

Mexichem, Petroleos Mexicanos: analysis of water and soil shows high concentration of environmental polluants


In June 2016, Greenpeace Mexico presented results of an analysis of water and soil samples taken in April 2016 at the explosion zone of the vinyl plant Clorados III in the Pajaritos Petrochemical Complex in Mexico. On 21 April 2016, an explosion that killed 32 people occurred at the plant (see Alert Service 05/2016). The facility is operated by a joint venture between Pemex's petrochemical unit and majority owner Mexichem. Lire la suite en anglais

oekom research publishes Industry Focus for the Construction industry


The Construction industry encompasses businesses whose core activities consist of planning and building houses, roads, bridges and industrial complexes.

oekom Industry Focus Construction
From a sustainability perspective, this industry continues to be confronted with numerous challenges: the United Nations, for example, estimate that around 30 percent of global greenhouse gas emissions arise from the usage of buildings and infrastructure facilities. Other examples such as the often-precarious safety measures which are found in some construction projects and have caused multiple fatal accidents, or corruption, as confirmed by e.g. recent revelations under the title “The Bribe Factory”, show that these problems are more than just isolated incidents in the industry. Lire la suite en anglais

Outperformance through the use of oekom's Prime standard


As part of its collaboration with its partner Deutsche Performancemessungs-Gesellschaft (DPG), oekom research has once again examined the impact on returns and risks of taking the oekom Prime Status into account in capital investments. Prime Status is awarded to companies which meet the sustainability management requirements defined by oekom research. The analysis is based on oekom’s Prime Portfolio Large Caps (oekom PPLC), which consists of the major companies from the oekom universe that have attained oekom Prime Status. Lire la suite en anglais

oekom research Opens Branch Office in London


oekom research, an internationally preeminent rating agency for sustainable investment, is ramping up its presence in the UK with the opening of a new branch office in London. Under the capable supervision of veteran ESG and SRI expert Jaspreet Duhra as Senior Manager Client Relations, oekom research is aiming to expand and develop its contacts with British investors. Although oekom research had already been represented in the financial centre of London through a cooperation with SI Partners since 2014, it is now acknowledging the growing importance of the market by opening a subsidiary of its own. Lire la suite en anglais

United Kingdom to leave EU


The United Kingdom voted for leaving the European Union (EU) in a referendum on June 23. With 51.9% of the British voters in favour of the “Leave”-campaign which became widely known under the name “Brexit”, the UK government is now tasked with entering lengthy negotiations with the EU on the process of withdrawal and future mutual relationships.

After announcing his resignation on the morning following the vote, the incumbent British Prime Minister, David Cameron, passed the responsibility for formally starting the withdrawal process to his successor in office, who will be determined until October. Article 50 of the Lisbon Treaty stipulates the scenario for a member state’s disintegration from the EU. Accordingly, the government of the state willing to leave needs to notify the European Council of its intention and in return a qualified majority of the Council (without the requesting member state) needs to mandate the European Commission with the initiation of negotiations on an agreement for the future framework under which the relationship between the leaving member state and the European Union will be concluded. Lire la suite en anglais

oekom research expands its presence to the US


ESG expert Ariane de Vienne to head future oekom office in New York

Ariane de Vienne

oekom research, one of the leading international rating agencies for sustainable investments, continues to expand its global reach and establishes a subsidiary in the US. In a first step, seasoned investment and sustainability professional Ariane de Vienne joined oekom research on June 1st as head of the New York office.

In her role she is responsible for managing operations in the US, and to drive business development, sales and client relations in North America. oekom´s expansion is a critical move to support the world’s largest investment market with high quality ESG research and sustainable investment services. Lire la suite en anglais

2016 Green Bond Awards Confirm Quality of oekom research’s Second Party Opinions


At the Green Bond Awards, which were bestowed for the first time by UK news and analysis portal Environmental Finance, half of the bond-specific categories were won by bonds whose sustainability quality had been confirmed in the framework of an oekom research Second Party Opinion (SPO).

The SPOs played a key role in the jury’s assessment of the bonds. The six bond categories in total (Bond Of The Year / Corporate, Bond Of The Year / SSA, Bond Of The Year / Municipal, Bond Of The Year / Bank, Project Bond Of The Year and Asset-Based Bond Of The Year) included the following winners which were appraised as outstanding thanks to oekom research’s SPOs. Lire la suite en anglais

Unaoil under suspicion of corruption


On 31 March 2016, the Huffington Post and Fairfax Media released a three-part series titled “The Bribe Factory”, which is the result of a six-month investigation based on leaked internal documents from Unaoil, a company that officially acts as a consultancy or lobbyist in the oil and gas sector. Yet, as the leaked emails revealed, Unaoil actually tries to get contracts for its customers by channelling bribes to decision-makers in state and private companies. The US Department of Justice (DOJ), FBI, UK National Crime Agency and Australian Federal Police began joint investigations into the allegations after the report’s release.

According to the leaked documents, Unaoil’s client base includes companies mainly from the construction, machinery, and oil & gas services sectors. The report focuses on some companies and details their wrongdoing between 2003 and 2012. Lire la suite en anglais

Manipulation of fuel economy tests at Mitsubishi


On April 20, Mitsubishi Motors admitted that CO2 emissions of vehicles had been manipulated in official tests of the company. Employees of Mitsubishi falsified tyre inflation pressure values and thus improved the test results artificially. About 600,000 vehicles are currently affected by these manipulations.

In the oekom Corporate Rating, the company has stood out for years because of its vast intransparency regarding sustainability issues. This also applies to the fleet consumption of the vehicles, measured in grams of CO2/km. Due to the absence or inadequacy of this information, the company performs well below average. Lire la suite en anglais

oekom Corporate Responsibility Review 2016


Dans l’édition 2016 de l’étude Corporate Responsibility Review, oekom research constate que les progrès des entreprises en matière de responsabilité sociale et environnementale restent lents. En 2015, oekom research a attribué le statut Prime aux entreprises respectant ses normes minimales à seulement un peu plus de 16% du total. Bien que ce pourcentage soit resté constant depuis l’an dernier, la performance globale en matière de développement durable s’améliore lentement : Lire la suite en anglais

oekom Country Rating 2016: sustainability assessment of 56 countries and the European Union


In its latest Country Rating, oekom research assessed a total of 56 nations, including all the EU, OECD and BRICS nations, as well as key Asian and South American countries in terms of their respective sustainability performance. The assessed nations account for over 94 percent of the world’s outstanding sovereign bonds. The analysis is based on around 100 individual criteria and incorporates aspects such as the observation of human rights, freedom of opinion and the press, investments in education and healthcare, and the constellation of the countries’ energy mixes and climate protection measures. The rating’s top countries are Denmark, Sweden and Finland. Lire la suite en anglais

Certain C-Class Mercedes-model shows elevated levels of nitrogen oxide emissions


According to media reports in January 2016, the Dutch Organisation for Applied Science Research (TNO) found that a certain C-Class Mercedes-model emitted up to 40 times more nitrogen oxide (NOx) when tested in real life conditions compared to laboratory tests. According to Daimler, the measurement results were discussed by representatives of the company with the TNO and were classified as plausible. Further, the company issued a statement, rejecting the interpretation that possible deviations between test-bench measurements and measurements made during real driving conditions can only be explained by manipulation. Lire la suite en anglais

L’année 2015 est un jalon pour le développement durable et une chance pour l’investissement responsable


oekom research tire le bilan de l’année passée et fait le point sur l’émergence des priorités urgentes de demain. Notre agence de notation a été approchée et choisi comme prestataire par de nombreux investisseurs convaincus de la qualité de son travail et de ses capacités d’innovation. oekom a élargi sa gamme et mis au point de nouveaux produits et services pour relever de façon innovante les défis présents et futurs, parmi lesquels on citera les Sustainability Bond Ratings lancés en janvier et les oekom Carbon Services présentés en novembre. L’approfondissement de la coopération avec notre partenaire suédois GES et notre partenariat avec le groupe South Pole ont également permis des avancées majeures. oekom research compte aujourd’hui plus de 3.700 entreprises dans son univers de notation. Lire la suite en anglais

Position sur Renault


Quelques mois après la révélation du scandale Volkswagen, des indices suggèrent des irrégularités chez des modèles de Renault. Les médias ont fait état en janvier 2016 de dépassement des valeurs limites réglementaires de C02 et d’oxydes d’azote lors de tests d’émission menés sur quelques modèles Renault. Selon les médias français, les émissions réelles de ces véhicules dépassent largement les valeurs mesurées en laboratoire. Les enquêteurs français n’ont pour l’instant pas découvert de logiciel truqueur comparable à celui installé par Volkswagen. Au vu des éléments d’appréciation dont nous disposons à la date du 15 janvier, oekom research estime qu’il n’y a pas lieu de revoir sa notation; nous suivons attentivement le déroulement de l’enquête et réagirons rapidement à toute évolution de la situation.

Launch of the Solactive oekom Ethical Low Volatility Index


Solactive AG has launched the Solactive oekom Ethical Low Volatility Index, which was created to track the price movements of low volatility stocks passing the ESG screenings of oekom research, a leading rating agency for sustainable investments. BNP Paribas has licensed the Index to launch a wide range of products, from capital protected to more complex structures designed for both retail and institutional clients in Germany, Austria and Scandinavia. Lire la suite en anglais

Responsabilité des sociétés internationales : Les entreprises Européennes nettement en avance sur leurs homologues américaines


oekom research a analysé la performance des entreprises et a dressé une comparaison entre les entreprises européennes et américaines, dans le contexte du débat actuel sur l’accord commercial TTIP. Les résultats ont été publiés par oekom research dans son étude “oekom Corporate Responsibility Review 2015”.

Dans le contexte du débat actuel sur l’accord commercial TTIP, oekom research a procédé à un examen de la responsabilité environnementale et sociale (RSE) des entreprises européennes et américaines et de leur différenciation. Lire la suite en anglais

PRI event on “Research, Innovation & Stewardship“


We cordially invite you to attend the upcoming PRI event on “Research, Innovation & Stewardship” (RIS) at Henley Business School in Reading on 31 March 2015 – sponsored by oekom research. Following the success of the PRI’s “Research, Innovation & Stewardship” thought leadership events in New York and Paris, this one is the first session of its kind in the UK, bringing together asset owners and managers with an interest in sustainability research and innovation. Lire la suite en anglais

Mirova and oekom research launch collaboration


Mirova, the Responsible Investment division of Natixis Asset Management, has chosen oekom research as its principal provider of ESG research following an international invitation to tender. oekom research’s inputs will be factored into Mirova’s internal ESG research which serves both its own investment processes and Natixis Asset Management’s ESG integration approach.

When selecting suitable securities, Mirova places a strong emphasis on companies that make a particular contribution to sustainable development through their activities and products. Lire la suite en anglais

Vacancy: Senior Manager Client Relations


oekom research is looking for a new member of staff to work in its sales team. The main areas of responsibility will be client acquisition and account management in international markets. The post requires several years of experience in sales of financial market services, knowledge of the SRI market, an engaging personality, a meticulous and structured approach to work and excellent knowledge of German and English. The job is based in Munich. The position is to be filled as soon as possible. Lire la suite en anglais

Obligations corporate : L’utilisation de la notation extra-financière améliore le rapport rendements-risques des placements


Les obligations de sociétés jouissent d’une popularité croissante auprès des entreprises et des investisseurs. Dans un contexte de maintien des taux d’intérêts à de bas niveaux pour les obligations gouvernementales à haute solvabilité, l’attention des investisseurs pour les obligations corporate s’est considérablement renforcée. Les investisseurs qui, lors de leurs décisions de placement, prennent en compte la performance ESG (environnement – social – gouvernance) de l’entreprise émettrice jouissent d’un avantage indéniable en termes de probabilité de défaillance et de taux d’intérêts des obligations. Lire la suite en anglais

oekom research publishes new Industry Report on the telecommunications industry


The importance of sustainability management to the economic success of a company, and thus to its shareholders and creditors, is an ongoing issue which is growing in significance. In its newly revised and restyled Industry Report on the main findings of the latest rating of companies from the telecommunications industry, oekom research therefore focuses in particular on the economic opportunities and risks associated with the ways in which companies are tackling the challenges of sustainable development. Lire la suite en anglais

oekom research publishes position paper on tax havens


For the European Union countries alone, the use of tax havens results in up to a trillion euros in lost tax revenues every year. This leaves them short of funds for the realisation of sovereign duties such as education, health and transport infrastructure. The (resource-rich) developing and newly industrialised countries, which the transfer of company profits to tax havens deprives of urgently needed tax revenues, are even more severely affected. Besides the loss of tax revenues, other negative effects of the existence and use of tax havens include the threat they pose to the stability of the international financial system and the support they provide for criminal and terrorist activities. Lire la suite en anglais

Sustainable investments in Germany, Austria and Switzerland continue to grow


Ever-increasing numbers of private and institutional investors are choosing to invest their money sustainably. In Germany, Austria and Switzerland, the volume of investments where not only financial indicators but also environmental, social and governance criteria are taken into account in the investment process has increased by twelve per cent within the space of a year. According to the Sustainable Investment Market Report 2014, published by Forum Nachhaltige Geldanlagen (FNG) on 7 May, the overall market in these three countries is now valued at 134.5 billion euros. Lire la suite en anglais

oekom Facts & Figures: Production darmes controversées


La semaine dernière, l’institut de recherche sur la paix Stockholm International Peace Research Institute (SIPRI) publiait son rapport annuel sur les dépenses militaires au niveau mondial. Sans surprise, avec un budget militaire de 640 milliard d’euros, les Etats-Unis restent en haut de la liste, suivis par la Chine, la Russie et l’Arabie Saoudite. Ce que l’on sait peut-être moins, c’est que les équipementiers militaires américains sont aussi les premiers fabricants d’armes controversées au monde. Lire la suite en anglais

Stage au bureau de Paris d’oekom research


Nous cherchons à partir du 5 mai un(e) stagiaire pour notre bureau de représentation à Paris. Dans le cadre d’un stage conventionné, nous cherchons une personne dynamique afin de soutenir l’activité de notre bureau parisien : organisation d’événements d’oekom à Paris, préparation de mailings clients, réalisation d’études de marché, Lire la suite en anglais

oekom CR Review 2014: inertie dans la gestion des enjeux environnementaux et sociaux par les entreprises


Au regard des défis que représentent le changement climatique, le respect de normes de travail élevées au niveau mondial, ainsi que les nombreux autres problèmes sociaux et environnementaux, il incombe aux entreprises d’apporter leur contribution au développement durable. L’agence indépendante de notation ESG oekom research présente les derniers faits et chiffres sur l’engagement des entreprises en matière de développement durable. Son rapport sur la responsabilité des entreprises CR Review 2014 illustre le fait qu’elles ne remplissent qu’en partie leur rôle dans ce domaine. Lire la suite en anglais

L'agence de notation ISR oekom research et le spécialiste de l’engagement GES joignent leurs forces


Depuis mi-2012 les deux fournisseurs de services ESG indépendants ont collaboré autour d’un partenariat marketing stratégique. Au regard du développement positif de ce partenariat, ces deux pionniers de l’investissement durable ont décidé d’étendre leur collaboration à l’analyse de valeurs.

Suite à un projet pilote couronné de succès en 2013, oekom research et GES ont convenu à l’avenir de collaborer dans le domaine de la recherche. En vertu de ce partenariat, GES assistera oekom research dans l’élaboration des notations d’entreprise. Lire la suite en anglais

L'étude d'impact oekom : L'influence de l'investissement responsable sur les entreprises


L'investissement responsable et les notations ESG sont un levier important pour renforcer l'engagement des entreprises en terme de développement durable. Pour près d'un tiers des entreprises interrogées par oekom research, répondre aux exigences des agences de notations extra-financières est un facteur clé dans la prise en compte des thèmes du développement durable. Pour un tiers des entreprises du panel, les demandes des analystes ISR affecteraient leur stratégie d'ensemble, et pour deux tiers d'entre elles, celles-ci auraient une influence sur leur stratégie de développement durable. Lire la suite en anglais

L’ISR en France en 2012


L’Investissement Socialement Responsable (ISR) en France représente 149 milliards d’euros en 2012 selon l’enquête annuelle exclusive de Novethic. Avec une évolution de +29% en 2012 contre +69% en 2011, la progression de l’ISR ralentit mais le marché affiche toujours une forte dynamique. Lire la suite en anglais

Les acteurs mondiaux parviennent-ils à relever les sept défis majeurs du développement durable?


Depuis que les objectifs d’une „économie verte“ ont été à nouveau formulés par la communauté internationale au sommet de Rio+20 durant l’été 2012, l’opinion publique s’est davantage intéressée à la contribution de l’économie de marché à un développement durable à l'échelle mondiale. Mais comment les entreprises font-elles face aux enjeux du développement durable et quelles mesures concrètes mettent-elles en place pour lutter contre le changement climatique, la pauvreté et la perte de biodiversité ? C’est ce à quoi tente de répondre l’agence de notation extra-financière oekom research dans sa dernière Corporate Responsibility Review. Lire la suite en anglais

oekom research distingué par le prix ESG Leaders Award


Alors qu'elle célébrera son 20ème anniversaire l'année prochaine, l'agence de notation extra-financière oekom research s'est vue attribuer le prestigieux ESG Leaders Award pour la qualité de ses analyses. Robert Haßler, directeur général et co-fondateur d'oekom research a reçu le prix en mains propres dans le cadre de la conférence européenne 2012 du TBLI à Zurich. Lire la suite en anglais

Industrie chimique et développement durable: un mélange explosif


L'industrie chimique se voit souvent attribuer un rôle clé dans la réalisation d'une économie durable. La dernière notation sectorielle d'oekom research met en évidence le fait que les entreprises de la chimie ne s'acquittent qu'en partie de leurs responsabilités. Malgré des avancées notables dans la lutte contre le changement climatique et la sûreté des installations, il reste encore de nombreux progrès à faire concernant la sécurité des produits chimiques et l'utilisation de matières premières renouvelables. Lire la suite en anglais

Nomination of oekom research for the ESG Leaders Awards



TBLI ESG Leaders








Lire la suite en anglais

L'industrie du pétrole et du gaz opère en terrain difficile


Afin de répondre à la forte demande en hydrocarbures, l'industrie du pétrole et du gaz exploite des gisements de plus en plus difficile d'accès, qu'il s'agisse de l'Arctique, d’offshore en eaux profondes ou de réserves naturelles en Alaska. Le secteur manque souvent des technologies permettant de limiter les risques environnementaux qui y sont associés. Cependant, la gestion des risques environnementaux n'est qu'un des défis auxquels font face les pétroliers en matière de développement durable. Lire la suite en anglais

Les investissements responsables sont plus rentables


Le rendement des sociétés classées par oekom research dans la catégorie des acteurs les plus performants de leur secteur d’activité en matière de responsabilité sociale et environnementale entre le 31 décembre 2004 et le 31 décembre 2011 est supérieur de 15 % à celui des actions de l’indice MSCI World Total Return Index®. Ces sociétés présentent également un risque inférieur par rapport au référentiel habituel. Lire la suite en anglais

GES et oekom research forment un partenariat stratégique


Deux des principaux acteurs européens de l'investissement socialement responsable (ISR), GES et oekom research, ont annoncé aujourd'hui la formation d'un partenariat stratégique afin de répondre à la demande croissante de services ISR sur les marchés germanophone et scandinave. Lire la suite en anglais

oekom research note la performance durable des banques commerciales


Que ce soit par le crédit, le financement de projets internationaux ou l'investissement, les banques ont un grand nombre de leviers à leur disposition pour promouvoir activement le développement durable. Malheureusement, elles n'y ont très peu recouru jusqu'à présent. oekom research a analysé un total de 294 banques commerciales siégeant dans environ 40 pays. Au terme de l'évaluation du secteur, seules 23 banques (7.8 pour cent) ont rempli les exigences minimum en terme de management durable et reçu le statut 'Prime'. Lire la suite en anglais

Le rating social et environnemental, véritable révélateur de la solvabilité des pays


Au cours des derniers mois, une discussion âpre a eu lieu autour de l'évolution des notations financières, non seulement des pays de la zone Euro mais aussi des Etats-Unis. Les investisseurs socialement responsables, en particulier, sont convaincus que la notation financière conventionnelle ne reflète que partiellement la capacité des pays à rembourser leurs obligations d'Etat. En outre, l'inclusion d'une notation extra-financière, recouvrant l'analyse des conditions sociales et environnementales d'un pays, permet une appréciation plus complète de sa solvabilité. Lire la suite en anglais

Les producteurs d'électronique grand public font toujours face à de sérieux problèmes sociaux et environnementaux


Dans son dernier rapport sectoriel, l'agence oekom research a évalué 205 entreprises du secteur des technologies de l'information (IT) selon des critères environnementaux, sociaux et de gouvernance (ESG). Parmi ces entreprises, 54 se sont qualifiées pour un rating complet basé sur l'évaluation de la performance de leur système de management durable. Lire la suite en anglais

oekom research renforce son équipe commerciale sur le marché français


Madame Julia Haake a rejoint l’équipe commerciale d’oekom research en octobre 2011. En tant que Directrice du bureau de Paris, elle sera responsable de la gestion des clients et des prospects sur le marché français. Née en 1971, Madame Haake est docteur en sciences économiques. Avant de rejoindre l'équipe d'oekom research, elle occupait le poste de directrice des partenariats entreprises au WWF-France. Lire la suite en anglais

Les entreprises suisses de distribution, leaders dans le management durable


Certaines entreprises de distribution font beaucoup de publicité sur le thème du développement durable, quant à savoir si derrière cette communication accrue se trouve un engagement réel en matière de responsabilité sociale et environnementale, c’est ce que l’agence oekom research présente dans son dernier rating du secteur de la distribution (‘retail’). Nos analystes ont passé au crible 130 des plus grandes entreprises du secteur. Lire la suite en anglais

Offre d’emploi: Responsable Commercial France


L'efficacité énergétique, un enjeu clé de la transition énergétique


En améliorant son efficacité énergétique, l'Europe pourrait réduire considérablement sa consommation en énergie. Avec la catastrophe nucléaire survenue au Japon et le retour du débat sur la transition énergétique, le cour des actions d'entreprises dans le solaire et l'éolien s'envolent alors que l'efficacité énergétique est mise de côté. Lire la suite en anglais

oekom Position Paper on Nuclear Power


The recent nuclear disaster in Japan has rekindled the debate about the future of nuclear power. In recognition of this fact, oekom research has updated its position paper on nuclear power. This position paper provides sound background information on the arguments put forward by the proponents and opponents of nuclear power Lire la suite en anglais

New faces on oekom research's Advisory Board


Dr. Bernd Balkenhol, Caspar von Blomberg and Dr. Klaus Gabriel are joining oekom research AG’s Advisory Board. They are replacing Dr. Jürgen Glaser, Prof. Dr. Martin Jänicke and Prof. Dr. Gerhard Scherhorn, who are stepping down after many years of service. Lire la suite en anglais

Bien plus moutons noirs que cygnes noirs: l’étude oekom Corporate Responsibility Review 2011


Le message principale de cette étude: seule une entreprise sur six atteint actuellement le statut "Prime" et satisfait ainsi aux exigences environnementales et sociales fixées par oekom research. Aujourd’hui, à Francfort sur le Main, l’agence de notation extra-financière okeom research AG a présenté les résultats de sa troisième étude annuelle sur l’état de la RSE au niveau mondial. Lire la suite en anglais

La RSE sur de bons rails


oekom research a évalué la manière dont les principales entreprises du secteur transport & logistique/rails gèrent leurs responsabilités sociale et environnementale ainsi que les défis qui leur sont associés. Sur les 27 entreprises analysées, seulement 17 ont rempli les exigences de transparence nécessaires pour faire l’objet d’un oekom corporate rating complet. Lire la suite en anglais

Position available: Sales Manager


oekom research is looking for a suitable person to join its marketing team. Key aspects of the job will be market analysis and customer acquisition. Prerequisites for the post are sufficient marketing experience, a basic knowledge of the responsible investment sector, a thorough and methodical approach to your work, an engaging personality and very good knowledge of English and German. Lire la suite en anglais

Network analysis attests to oekom research's market leadership in the German-speaking countries


In its survey “The Importance of Socially Responsible Investments for Institutional Investors in Germany, Austria and Switzerland, A Network Analytical Perspective - reloaded" (a continuation of its 2009 analysis), the consultancy firm Funds@Work seeks to provide an insight into the investments of relevant investors and their service provider networks, and thereby to create transparency Lire la suite en anglais

Sustainability in the internet and software sector


In its latest study, oekom research has looked at the corporate responsibility performance of the 79 world’s largest listed internet and software companies. More and more internet and software companies are becoming aware of their environmental and social responsibilities. This is reflected in significantly more comprehensive sustainability reporting and in outstanding beacon projects. Lire la suite en anglais

Protecting the forests: companies have a responsibility


In the light of the contraction of forest areas worldwide and increasing demand for timber and wood products, efforts to protect forests and promote their sustainable management have intensified in recent years. For example, in October 2010 the European Council passed a law banning the import of timber and wood products from illegal logging into Europe Lire la suite en anglais

oekom research analyses sustainability of the metals and mining industry


The devastating harm that can be caused to people and the environment by the metals and mining industry has been demonstrated by the recent accident at an alumina plant in Hungary: the breach of a storage reservoir dam led to the release of around a million cubic metres of toxic bauxite sludge. oekom research AG continuously monitors the sustainability performance of more than 130 of the world’s largest listed metals and mining corporations Lire la suite en anglais

oekom research expands its coverage


oekom research has expanded its coverage to around 3,000 companies and now provides complete coverage of international indexes such as the Stoxx 600, the MSCI World and the MSCI Emerging Markets as well as of numerous national indexes such as, for example, the DAX family, the ATX, the SMI and the CAC40.

As part of the expansion, our research processes have also been further optimised and a two-stage model developed. Lire la suite en anglais

European SRI Market almost double since 2008


Eurosif’s 2010 European SRI Study reveals that the total SRI assets under management (AuM) have increased from 2.7 trillion euros to 5 trillion euros, as of December 31, 2009. This represents a growth of about 87 per cent since the data was previously collected two years before. Lire la suite en anglais

Emissions trading: serious action required now to meet 2013 deadline


Trading in the greenhouse gas CO2 has been going on in Europe since 2005. Since then, industrial installations in numerous industries have had to demonstrate that they hold emissions certificates for every tonne of CO2 they emit. Expectations that emissions trading would make a significant contribution to reaching climate protection goals were - and still are - high. However, these expectations are still a long way from being fulfilled, as a recent position paper on emissions trading produced by oekom research AG shows. Lire la suite en anglais

UN declares clean water a human right


The United Nations has included entitlement to clean water in its Universal Declaration of Human Rights. The General Assembly of 192 member states approved by a majority a resolution to this effect. The resolution was put forward by Bolivia and supported by 33 other countries. Lire la suite en anglais

The rush to deep water – what next after BP?


The international oil and gas industry is taking ever-increasing risks in order to extract the Earth’s last remaining fossil fuel reserves – at the expense of both mankind and the environment. That is the conclusion reached by oekom research AG’s latest study of the industry. The rating agency has evaluated how 27 of the world’s largest listed oil and gas companies are facing up to their social and environmental responsibilities and the challenges these entail. Lire la suite en anglais

oekom survey reveals high levels of customer satisfaction


oekom research recently carried out a survey of its customers, the second since 2008. The aim of such customer monitoring is to gauge levels of customer satisfaction and to identify possible ways of further improving our range of products and services. Aspects covered by the survey included the quality of our ratings, the service-orientation of our employees, the importance of quality management and the use to which the various publications are being put. More than half of the total of over sixty customers took part in the survey. Lire la suite en anglais

France: sustainable investment market up by 70 per cent


The French research institute Novethic reports, in the latest edition of its annual survey of the French SRI market, that the volume of sustainable investments by French investors has passed the 50 billion euro mark for the first time. Between the end of 2008 and the end of 2009, investment volumes increased by 20.8 billion euros, corresponding to growth of over 70 per cent. Lire la suite en anglais

Number of mutual funds in the German-speaking countries increasing


As at 31 March 2010, according to information from the Sustainable Business Institute (SBI), there were a total of 330 sustainable mutual funds licensed for marketing in Germany, Austria and Switzerland. Approximately 31 billion euros were invested in these 330 funds on that date. Lire la suite en anglais

Caspar von Hauenschild to join oekom research’s supervisory board


Caspar von Hauenschild is to become a member of oekom research AG’s supervisory board. His appointment was confirmed on 21 May at the general meeting of the rating agency’s shareholders. Von Hauenschild will replace Klaus Pyter, who has been a member of the board since 2001 and is now retiring. Lire la suite en anglais

GRI Oil & Gas Sector Supplement: public comment period


Interested parties have until 2 June 2010 to comment on the draft indicators drawn up by the multistakeholder working group on a GRI Oil & Gas Sector Supplement. After this feedback has been thoroughly examined, the findings will be used in the development of the final guidelines. Lire la suite en anglais

Sustainability: Automotive industry changes to second gear


In its latest industry analysis, the rating agency oekom research evaluated the world’s 15 largest listed car manufacturers according to environmental and social criteria. On a scale from A+ (highest score) to D- (lowest score), Renault came out on top with a score of B, followed by the BMW Group, also with a B, and PSA Peugeot Citroën with a score of B-. Lire la suite en anglais

France: sustainable money market funds on course for success


As at the end of December 2009, 268 mutual funds were licensed for distribution in France – 41 more than in the previous year. This brought the total invested in this asset class to 34 billion euros, corresponding to an increase of 68 per cent compared to the previous year. Lire la suite en anglais

Canadian railway company joins sustainability index


Shares in the rail logistics company Canadian National Railway (ISIN CA1363751027) will in future be included in the Hannover Stock Exchange’s Global Challenges Index (GCX). The company, based in Montreal, was promoted to the sustainability index after former GCX member Burlington Northern Santa Fe was taken over by the US investor Warren Buffett Lire la suite en anglais

Mutual funds in the German-speaking countries: offering and volumes growing


According to figures from the Sustainable Business Institute (SBI), the number of sustainable mutual funds on offer in Germany, Austria and Switzerland increased during 2009. By 31 December 2009, there were 313 funds licensed for distribution in the German-speaking countries, whereas at the end of 2008 there had been just 274. Lire la suite en anglais

oekom Position Paper: Nuclear Power


In its recent position paper on nuclear power, oekom research documents and analyses the arguments of proponents and opponents and sets out in detail how our analysts evaluate relevant activities when rating companies and countries. Lire la suite en anglais

Sustainability in the chemical industry: at a standstill despite advances in technology


In its latest sectoral analysis, the rating agency oekom research has evaluated the world’s 24 major listed chemical companies against a large number of environmental and social criteria. The top overall rating, on a scale from A+ (top score) to D-, went to the German chemical company BASF with a score of B- Lire la suite en anglais

Sustainable mutual funds: range on offer in the German-speaking countries up to over 300 funds


The number of sustainable mutual funds on offer in the German-speaking countries has passed the 300 mark. According to calculations by the Sustainable Business Institute (SBI), a total of 301 sustainability funds were approved for distribution in Germany, Austria and Switzerland as at 30.06.2009. Lire la suite en anglais

oekom Position Paper: Microfinance


Since the award of the Nobel Peace Prize to micro-credit pioneer Muhammad Yunus in 2006, microfinance has enjoyed greater prominence. The basic idea behind microfinance instruments is to enable those people who do not have access to conventional banks and insurance companies to obtain financial services. Lire la suite en anglais

Ethics in core business: banks insufficiently committed


For those seeking a way out of the current financial and economic crisis – particularly the banks, sustainable management has become the latest catchphrase. How are the world’s major banks currently placed as regards sustainability? oekom research has examined the social and environmental responsibility of 65 commercial banks. Lire la suite en anglais

Investors should take into consideration the economic value of biodiversity


Eurosif (European Sustainable Investment Forum) and oekom research have jointly published a report highlighting critical business risks and opportunities in various industries linked with biodiversity and ecosystem services. Lire la suite en anglais

Sustainability in the telecommunications industry


oekom research has examined twenty-three of the world’s largest listed telecommunications companies in terms of their social and environmental sustainability performance. The current study identifies the global challenges facing the sector and examines the extent to which the companies are facing up to these challenges and developing and implementing strategies and measures to make their business activities more socially and environmentally acceptable. Lire la suite en anglais

Quality of oekom’s research certified to new European standard


oekom research is one of the first agencies to have succeeded in achieving certification of compliance with the new European quality standard CSRR-QS. Lire la suite en anglais

IT sector: lifestyle with guilt pangs?


Is the enormous success of manufacturers of high-tech products achieved at the cost of child labour and environmental pollution? The environmental rating agency oekom research analyses the extent to which manufacturers are meeting their responsibilities toward society and the environment in the face of price pressures and the rapid pace of product development. Lire la suite en anglais

Sustainability in the pharmaceutical and biotechnology industry: making small steps forward


In its latest sectoral analysis, the sustainability rating agency oekom research has evaluated the world’s 22 major listed pharmaceutical and biotechnology companies against a large number of environmental and social criteria. The top overall rating, on a scale from A+ (top score) to D-, went to the French pharmaceutical company Sanofi-Aventis with a score of B Lire la suite en anglais

oekom research’s latest country rating: potential for improvement in the US


“If President Obama means what he said in his announcements, then US bonds look set to become increasingly attractive for sustainably-oriented investors,” says Oliver Rüdel, Research Director at the sustainability rating agency oekom research, summing up the results of its latest country ranking. Lire la suite en anglais

oekom Position Paper: Carbon Capture & Storage (CCS)


Out of sight, out of mind? The technology which makes it possible to separate the “climate killer”, CO2, in power stations and store it underground has many proponents. Particularly in the light of an expected massive expansion of coal-fired power stations, notably in China and India, Carbon Capture & Storage CCS could make a key contribution to achieving the necessary reduction in CO2 emissions. Lire la suite en anglais

Vigeo and oekom research form a strategic partnership on bond research


Vigeo and oekom research, two leading European Corporate Social Responsibility Rating Agencies, decided to join forces in the area of bonds on two levels.

1. Non-sovereign bond research
Vigeo now has the exclusive licence to distribute oekom ́s non-sovereign bond research throughout seven European countries Lire la suite en anglais

Financial crisis: oekom research calls for new incentive systems for managers


One of the items under discussion as part of the rescue package for German banks is the capping of board salaries to 500,000 euros per annum. Robert Haßler, CEO of the sustainability rating agency oekom research, does not believe that this measure would send out the right signal: “The debate about the absolute levels of board members’ and bank managers’ remuneration is diverting attention away from the actual problem. Lire la suite en anglais

Sustainable investment on the increase in German-speaking countries


According to the latest status report on the sustainable investment market in Germany, Austria and Switzerland, published annually by the German Forum for Sustainable Investments (FNG), in 2007 the volume of sustainable investments with German, Austrian and Swiss financial service providers rose by 69 per cent compared with the previous year. Lire la suite en anglais

Utilities sector: half-hearted moves toward transforming


oekom research has evaluated the sustainability activities of the world’s 30 major listed utilities companies, assessing them against a large number of environmental and social criteria. Findings: The utilities sector is paving the way for a transformation of energy system, but only rather hesitantly. Lire la suite en anglais

oekom Position Paper: Nanotechnology


What exactly is nanotechnology? What are the opportunities and risks presented by this new form of technology? Where is it already being applied? In a six-page position paper, oekom research’s analysts throw light on this controversial technology, examining it from different viewpoints and explaining how they handle this topic when evaluating companies. Lire la suite en anglais

oekom Industry Report: Textiles & Apparel


The winners of Euro 2008 have been decided. The winners in the sustainability arena are now also clear. oekom research presents the results of its latest analysis of the textile industry: on a scale from A+ (highest score) to D- (lowest score) Puma came out on top with a score of B-, followed by Adidas with a C+. Lire la suite en anglais

Climate check for funds and indexes


With the debate about the consequences of climate change in mind, more and more fund managers and investors are asking themselves what the climate risks associated with their portfolios are. The “Climate Risk Portfolio Check” is a tool developed by oekom research for illustrating the nature and scale of the climate risks which particular investment products entail. Lire la suite en anglais

Sustainability in the Media Sector


oekom research has scrutinised the activities of the 24 most prominent listed media companies worldwide. Levels of commitment shown in the media sector toward CSR vary widely: while the top performers continue to build on their commitment and take the subject very seriously, a small proportion of the companies looked at are still largely ignoring their responsibilities in environmental and social areas. The best overall ratings on a scale from A+ (best score) to D- (worst score) were awarded by oekom research to the British TV broadcaster ITV and the British science publisher Reed Elsevier Lire la suite en anglais

Financial market increasingly recognising the value of species diversity


It is now possible to put a figure on the financial value of species diversity. This gives the issue an entry into the traditional financial market. Companies which specifically link adding value to the protection of species diversity could in future score well on the stock exchange. “Anyone ignoring the issue totally will be taking risks or missing opportunities. That may have an adverse impact on long-term business development,” says Rolf D. Häßler, Director Business Development at the sustainability rating agency oekom research. Lire la suite en anglais

Emerging markets: new risk management tool


Involvement in emerging markets carries with it a considerable reputational risk for companies. Knowledge of the social and environmental situation in the relevant countries is essential in order to manage such risk proactively. oekom research’s Emerging Markets Risk Assessment (EMRA) closes this information gap. Lire la suite en anglais

oekom responsible investment portfolio: Sustainable Lifestyle


Themed funds and certificates are growing in popularity. oekom research has identified this trend and is assisting its clients by developing products with themed portfolios. oekom’s “Sustainable Lifestyle” portfolio represents the first of these. Lire la suite en anglais

Growth across the board


oekom research AG is continuing along its path of growth, and last year was able to increase the number of its customers (and thus also the total amount of assets under management it services) as well as significantly expanding its team of staff. Lire la suite en anglais

Increased profits with CSR


Businesses are rapidly moving beyond the idea of Corporate Social Responsibility (CSR) as simply a necessary cost of doing business, according to two reports released from IBM and the Economist Intelligence Unit. Lire la suite en anglais

OECD Watch fact sheets


OECD Watch and Eurosif are working together on the EU-funded project “Promoting Convergence of CSR Practices and Tools among European Socially Responsible Investors (SRI) and National Contact Points for the OECD Guidelines for Multinational Enterprises”. The project aims to promote the use of the OECD Guidelines among responsible investors and extra-financial ranking and rating agencies. Lire la suite en anglais

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