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Corporate Social Responsibility
News
7.24.2008 - 09:00am ET
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Innovest Downgrades Mitsubishi Chemical Holdings' IVA Rating
(CSRwire) - July 24, 2008 - SRwire: Innovest Strategic Value Advisors has downgraded
its Intangible Value Assessment of Mitsubishi Chemical Holdings
based on the company’s relative performance of social, environmental,
and strategic governance (ESG) issues relative to sector peers.
The downloadable report is available for purchase through Innovest's
partner CSRwire (click
here).
Peter Wilkes, Managing Director at Innovest stated, "Innovest's ratings
are an indicator of a company's performance on intangible value drivers
and management quality. This information is used to support an investor's
existing financial knowledge of a company. It is widely accepted among
investors that extra-financial information is now required to get a full
understanding of a company’s prospects."
By assessing differentials typically not identified by traditional
securities analysis, Innovest's IVA ratings uncover hidden risks and value
potential for investors. Ratings range from AAA (best) to CCC (worst).
Scores on sub factors range from 10 (best) to 0 (worst).
Some of the areas of analysis for companies include: - Supply
Chain
- Human Rights
- Regulatory/Stakeholder relations
- Health and Safety
- Environmental Strategy and management
- Carbon Risk Mitigation
- Labor Relations
- Product Safety
- Workplace issues
About Innovest
Innovest Strategic Value Advisors is an internationally recognized
investment research and advisory firm specializing in analyzing
companies’ performance on environmental, social, and strategic
governance issues, with a particular focus on their impact on
competitiveness, profitability, and share price performance.
Innovest currently has offices in New York City, Toronto, San Francisco,
London, Paris, Sydney, and Tokyo.
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