Environmental social and governance (ESG) service providers Oekom Research and GES Investment Services have deepened their partnership, formed in 2012, to include company analysis.
Oekom is the Germany-based sustainability rating agency founded in 1993 and GES Investment Services is the Sweden-based engagement specialist formed a year earlier. Combined, they advise on more than €1trn of assets.
Under the new closer collaboration, GES will assist Oekom in compiling its company ratings. And GES will use Oekom’s corporate ratings as a basis for its core Engagement Forum, where it has dialogue with companies on behalf of investors.
“Our past experience of working together has shown that GES and Oekom are very well matched, both in terms of our philosophy and in terms of our high quality standards,” said Oekom CEO Robert Haßler.Magnus Furugard, GES’s President and Managing Director added the alliance would be important for “integrated engagement.”
Oekom has more than €520bn under advice at 100 asset manager and asset owner clients. GES has €750bn under advice.
Oekom told RI that the firms’ analysts would work together to come up with a common methodology for sustainable rankings of stocks and bonds.
In November Oekom teamed up with DPG, a German firm that measures the performance of institutional portfolios.
GES already has a partnership with UK-based corporate governance advisor Manifest Information Services that was formed in 2010.
With reporting by Jan Wagner