LONDON (July 9, 2024) – ISS ESG, the sustainable investment arm of ISS STOXX, today announced it has been named a winner in the Environmental Finance Sustainable Investment Awards 2024 in the Thought leadership paper on sustainable investing, Americas category, for ‘Not a Thing of the Past: Child Labor in the US’.
The 2024 Sustainable Investment Awards sponsored by Environmental Finance, a London-based media platform catering to responsible investors and other stakeholders, are global and seek to recognize asset managers, analysts and data providers incorporating ESG across all asset classes, with entries relevant over the time period March 2023, to April 1, 2024. The judging panel, which announced awards on June 28, consisted of over 40 investors and industry experts chosen for their “knowledge, objectivity and credibility” along with members of the Environmental Finance editorial team.
The winning bespoke research paper, Not a Thing of the Past: Child Labor in the US, was published by ISS ESG on May 23, 2023, and highlights that child labor remains a significant problem in the US, with the automobile, food products, and retail industries being particularly exposed to such risks, The research leveraged three industry-leading ISS ESG solutions: Norm-Based Research, Modern Slavery Solution, and the ESG Corporate Rating.
The research note used ISS ESG’s Norm-Based Research to assess companies’ adherence to international norms on human rights, labor standards, environmental protection, and anti-corruption. Companies incorporated in the US tend to have lower scores in this area than those incorporated in the EU. Norm-Based Research data on cases of child labor across geographies cited in the research note illustrate that the US is the only OECD country, save for Turkey, with active child labor cases. The US currently accounts for 4 percent of all assessed child labor cases globally, while Turkey accounts for 2.4 percent. Areas where US companies tend to score poorly are on measures to ensure freedom of association and to facilitate collective bargaining, non-regular employment policies, and measures to enable key suppliers to safeguard labor rights and improve working conditions.
To learn more about ISS ESG, please click here.
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About ISS ESG
ISS ESG solutions enable investors to develop and integrate sustainable investing policies and practices, engage on sustainable investment issues, and monitor portfolio company practices through screening solutions. ISS ESG also provides climate data, analytics, and advisory services to help financial market participants understand, measure, and act on climate-related risks across all asset classes. In addition, ESG solutions cover corporate and country ESG research and ratings enabling its clients to identify material social and environmental risks and opportunities. For more information, please visit us at: www.iss-esg.com
About ISS STOXX
ISS STOXX GmbH, through its group companies, is a leading provider of comprehensive and data-centric research and technology solutions that help capital market participants identify investment opportunities, detect qualitative and quantitative portfolio company risks, and meet evolving regulatory requirements. With roots dating back to 1985, we today deliver world-class benchmark and custom indices across asset classes and geographies and serve as a premier source of independent corporate governance, sustainability, cyber risk, and fund intelligence research, data, and related offerings. Our products and services give clients the scale and leverage they need to grow their business more effectively and efficiently. ISS STOXX, which is majority owned by Deutsche Börse Group, is comprised of more than 3,400 professionals operating across 33 global locations in 19 countries. Its approximately 6,400 clients include many of the world’s leading institutional investors who turn to ISS STOXX for its objective and varied offerings, as well as companies focused on ESG, cyber, and governance risk mitigation as a shareholder value enhancing measure. Clients rely on ISS STOXX’s expertise to help them make informed decisions to benefit their stakeholders.
Media Contact:
Sarah Ball
Executive Director, Communications
press@iss-stoxx.com
ISS ESG Named a Winner of Environmental Finance Sustainable Investment Awards 2024
LONDON (July 9, 2024) – ISS ESG, the sustainable investment arm of ISS STOXX, today announced it has been named a winner in the Environmental Finance Sustainable Investment Awards 2024 in the Thought leadership paper on sustainable investing, Americas category, for ‘Not a Thing of the Past: Child Labor in the US’.
The 2024 Sustainable Investment Awards sponsored by Environmental Finance, a London-based media platform catering to responsible investors and other stakeholders, are global and seek to recognize asset managers, analysts and data providers incorporating ESG across all asset classes, with entries relevant over the time period March 2023, to April 1, 2024. The judging panel, which announced awards on June 28, consisted of over 40 investors and industry experts chosen for their “knowledge, objectivity and credibility” along with members of the Environmental Finance editorial team.
The winning bespoke research paper, Not a Thing of the Past: Child Labor in the US, was published by ISS ESG on May 23, 2023, and highlights that child labor remains a significant problem in the US, with the automobile, food products, and retail industries being particularly exposed to such risks, The research leveraged three industry-leading ISS ESG solutions: Norm-Based Research, Modern Slavery Solution, and the ESG Corporate Rating.
The research note used ISS ESG’s Norm-Based Research to assess companies’ adherence to international norms on human rights, labor standards, environmental protection, and anti-corruption. Companies incorporated in the US tend to have lower scores in this area than those incorporated in the EU. Norm-Based Research data on cases of child labor across geographies cited in the research note illustrate that the US is the only OECD country, save for Turkey, with active child labor cases. The US currently accounts for 4 percent of all assessed child labor cases globally, while Turkey accounts for 2.4 percent. Areas where US companies tend to score poorly are on measures to ensure freedom of association and to facilitate collective bargaining, non-regular employment policies, and measures to enable key suppliers to safeguard labor rights and improve working conditions.
To learn more about ISS ESG, please click here.
###
About ISS ESG
ISS ESG solutions enable investors to develop and integrate sustainable investing policies and practices, engage on sustainable investment issues, and monitor portfolio company practices through screening solutions. ISS ESG also provides climate data, analytics, and advisory services to help financial market participants understand, measure, and act on climate-related risks across all asset classes. In addition, ESG solutions cover corporate and country ESG research and ratings enabling its clients to identify material social and environmental risks and opportunities. For more information, please visit us at: www.iss-esg.com
About ISS STOXX
ISS STOXX GmbH, through its group companies, is a leading provider of comprehensive and data-centric research and technology solutions that help capital market participants identify investment opportunities, detect qualitative and quantitative portfolio company risks, and meet evolving regulatory requirements. With roots dating back to 1985, we today deliver world-class benchmark and custom indices across asset classes and geographies and serve as a premier source of independent corporate governance, sustainability, cyber risk, and fund intelligence research, data, and related offerings. Our products and services give clients the scale and leverage they need to grow their business more effectively and efficiently. ISS STOXX, which is majority owned by Deutsche Börse Group, is comprised of more than 3,400 professionals operating across 33 global locations in 19 countries. Its approximately 6,400 clients include many of the world’s leading institutional investors who turn to ISS STOXX for its objective and varied offerings, as well as companies focused on ESG, cyber, and governance risk mitigation as a shareholder value enhancing measure. Clients rely on ISS STOXX’s expertise to help them make informed decisions to benefit their stakeholders.
Media Contact:
Sarah Ball
Executive Director, Communications
press@iss-stoxx.com
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