Standard Ethics Aei

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Standard Ethics
Industry Ratings
Founded 2001
Headquarters London and Brussels, Belgium, UK and Italy
Key people
Mrs.Blanche Ullens de Schooten (Chairman)
Products Solicited Sustainability Ratings
Services Sustainability Rating
Website Standard Ethics

Standard Ethics is a sustainability reporting and rating agency based in London and Brussels which aims at promoting corporate ethics, Corporate Social Responsibility (CSR), Socially responsible investing (SRI) and corporate governance according to the principles and guidelines of the United Nations (UN), the Organisation for Economic Co-operation and Development (OECD), and the European Union (EU).[1] Standard Ethics in March 2013 becomes the first independent European Sustainability rating agency (Corporate social responsibility and Corporate Governance) following the decision to issue only rating on request ("solicited"), with a standard methodology.[2]

Standard Ethics Rating[edit]

The Standard Ethics Rating is a Solicited Sustainability Rating (SSR). It is a rating that intends to deliver an opinion on the level of compliance by companies and sovereign nations in the field of sustainability and corporate social responsibility (CSR) on the basis of documents and guidelines published by the United Nations (UN), the Organisation for Economic Co-operation and Development (OECD), The European Union (EU).[3] The methodological approach of Standard Ethics dates back to 2001, as a research department of the Agenzia Europea d’Investimenti (AEI) SpA, an Italian holding company active in the sustainable investments. It becomes a separate entity after a spin-off in 2003.[4][5][6][7]

Assessment System[edit]

Since 2002, the final assessments by Standard Ethics on the level of conformity of companies and nations to the baseline ethical values are expressed with eight different Ratings: EEE; EEE-; EE+; EE; EE-; E+; E; E-.[8]

  • "EEE" stands for ‘above average’;
  • "EE" for ‘average’;
  • "E" for ‘below average’.

Those nations and companies that do not comply with the values expressed by the United Nations do not receive ratings and are included amongst the "suspended" issuers. Standard Ethics uses an analyst-driven rating process, so the work to be carried out does not require applicants to fill out forms and questionnaires or draft other documentation in addition to existing information.

Standard Ethics indices[edit]

Publication of SERs grants access to one or more Standard Ethics indices according to company’s type and size. For Europe, Standard Ethics has created the following Indices:

  • Italian Index (With companies within the FTSE-MIB index of the Italian Stock Exchange that have been assigned a Standard Ethics Rating).
  • French Index (Composed of the largest French listed companies with a Standard Ethics Rating).
  • Belgium Index (Composed of the largest Belgium listed companies with a Standard Ethics Rating).
  • Swiss Index – Composed of the largest Swiss listed companies with a Standard Ethics Rating.
  • Italian MID Index (Composed of the Italian listed companies that have the Standard Ethics Rating and with a market cap above 250 million euro).
  • Italian SMALL Index (Composed of the Italian listed companies that have the Standard Ethics Rating and a market cap below 250 million euro).
  • European Green Bonds Index (Composed of all major Euro Green Bonds issue; Italian Banks Index. This is a governance Index with banks listed in the Italian Stock Exchange).

The way Standard Ethics reports on its indices is based on full disclosure.

National Ratings[edit]

The following 44 listings (in 2013, Standard Ethics for the first time assigns the rating to the Vatican City State):[9]

Country Rating Outlook Date
 Argentina 17E October 2015
 Australia 21EE+ October 2015
 Austria 22EEE- October 2015
 Belgium 19EE- October 2015
 Brazil 19EE- April 2014
 Bulgaria 19EE- April 2014
 Canada 21EE+ October 2015
 Chile 18E+ October 2015
 China 16E- April 2014
 Czech Republic 20EE Negative February 2016
 Denmark 23EEE April 2014
 Egypt 16E- April 2014
 Estonia 19EE- April 2014
 Finland 23EEE October 2015
 France 22EEE- April 2014
 Germany 21EE+ April 2014
 United Kingdom 22EEE- April 2014
 Greece 20EE Under monitoring January 2015
 Hungary 18E February 2016
 Iceland 23EEE April 2014
 India 17E Under monitoring April 2014
 Ireland 22EEE- April 2014
 Israel 18E+ April 2014
 Italy 21EE+ April 2014
 Japan 20EE April 2014
 Luxembourg 21EE+ October 2015
 Mexico 19EE- April 2014
 Netherlands 22EEE- April 2014
 New Zealand 22EEE- October 2015
 Norway 23EEE October 2015
 Poland 19E+ February 2016
 Portugal 20EE April 2014
 Romania 19EE- April 2014
 Russia 17E Under monitoring April 2014
 Slovenia 21EE+ October 2015
 Slovakia 20EE Negative February 2016
 South Africa 19EE- October 2015
 South Korea 18E+ April 2014
 Spain 22EEE- April 2014
 Sweden 23EEE April 2014
  Switzerland 21EE+ April 2014
 Turkey 18E+ April 2014
 USA 22EEE- April 2014
  Vatican City 20EE[10] April 2014

References[edit]

  1. ^ http://www.iseing.org/egov/eGOV05/Source%20Files/Papers/CameraReady-14-P.pdf
  2. ^ http://www.thenational.scot/business/fresh-blow-for-rbs-as-ethics-agency-gives-them-an-e--rating.17688
  3. ^ Standard Ethics - differently from other agencies – did not define the concept of ethics, in 2003, Standard Ethics inherited developing a non-subjective and pre-determined system of values, called sustainability or "institutional" approach."Finanza Etica", la Nazione del 24 luglio 2003, Articolo di Jacopo Schettini Gherardini
  4. ^ "E le società quotate faranno i conti con il rating Etico", Corriere della Sera del 18-05-2002, Articolo di Massimo Sideri.
  5. ^ "E’ arrivato ETIF, il fondo fatto ad ONU. L’Agenzia Europea degli Investimenti scende in campo con un bilanciato internazionale. E con emissione di rating per i paesi OCSE." Vita del 15 novembre 2002, Articolo di Francesco Maggio.
  6. ^ "Fondi etici, perché non sono tutti uguali". Repubblica, Affari e Finanza del 25 novembre 2002. Articolo di Mariano Mangia.
  7. ^ "l’Agenzia Europea degli Investimenti cambia pelle, trasformandosi da holding ad agenzia di Rating", MF, 23 maggio 2002.
  8. ^ CSR Magazine, October 2002, p. 35
  9. ^ Vatican City State receives elevated Standard Ethics Rating. 2013-10-28 Vatican Radio.http://www.news.va/en/news/vatican-city-state-receives-elevated-standard-ethi
  10. ^ http://en.radiovaticana.va/news/2013/10/28/vatican_city_state_receives_elevated_standard_ethics_rating/en1-741479

External links[edit]