EIRIS, the UK-based environmental, social and governance (ESG) research provider, is to absorb the Conflict Risk Network (CRN), the US-based information source on corporate activity in Sudan and Burma.
The network, whose subscribers include 80 pension funds, asset managers and endowments worth a combined $6trn, was formerly a project of the United to End Genocide activist group. The deal is a no-fee transaction.
CRN’s two full-time staff Director Kathy Mulvey and Senior Research & Engagement Specialist at Eryn Schornick, will transfer across to EIRIS.
The move follows the launch last year of EIRIS’s new emerging markets service, which enables investors to screen and track compliance across 800 companies.
CRN’s Washington office will be retained, said Stephen Hine, EIRIS’s Head of Responsible Investment Development.The move will help the not-for-profit, foundation-owned EIRIS to expand into the US, as well as proving Conflict Risk’s information to its existing users.
United to End Genocide President Tom Andrews said the move was a “win-win for both organisations and the movement to promote human rights and end genocide”.
“We look forward to continuing to work with EIRIS, through Conflict Risk Network, to raise human rights issues with investors.”
Mulvey added joining EIRIS would make its offerings “available to a wider base of investors and financial stakeholders.”
Last month, EIRIS appointed Anders Frisk as Sales Manager for Scandinavia.