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Covalence's EthicalQuote is a reputation index tracking the world’s largest companies on Environmental, Social, Governance (ESG), Corporate Social Responsibility, ethics and sustainability, a component of Socially responsible Investing (SRI).

It provides extra-financial ratings defining ethics and credible information that has economic relevance. The award winning EthicalQuote relies on international social and environmental standards while respecting cultural diversity, political pluralism and scientific uncertainty. The EthicalQuote index aggregates thousands of documents extracted from diverse sources and classified according to 50 sustainability criteria inspired by the Global Reporting Initiative, and to their positive or negative orientation.

Multinationals and international organisations call upon EthicalQuote in tracking and analysing their reputation on ESG issues. The extra-financial ratings are used by leading indexes of sustainable Swiss equities.

EthicalQuote is featured in ’10 finance innovations – Geneva, the sustainable finance laboratory published by Sustainable Finance Geneva in 2014.

Background

In 2001, with backgrounds in financial structuring, political science, NGOs, and law, Covalence SA (a reputation management specialist) was founded by six members. The Geneva based company developed a methodology for analyzing companies. The founding shareholders include Ngenda Kigaraba, Antoine Mach, Marc Rochat, Jean-Felix Savary and Steven Street. The founders engaged in asset management defining innovative financial models comprising the designing of investment fund structures redistributing fees to international development projects. Covalence is a founding member of Swiss Sustainable Finance.

A collaboration in reporting by Covalence SA, Ethical Investment Research Service (EIRIS) and WWF was  inspired by  a desire to look at industries "that has a heavy impact on culture and the way people think”, said Mr Kleanthous (a senior po­licy adviser at WWF). The initiave is not to " criticise these companies but to make a general point: responsible business practices can be a value driver, but they need to be systematically embedded in the DNA of a company, .... Comparison can be a powerful motivation to change.”

Awards


 * EthicalQuote has the following recognitions and awards:


 * Ethisphere 2009’s 100 Most Influential People in Business Ethics

Prix Cantonal du développement durable 2004 (Geneva)
 * Finalist Social Entrepreneur of the Year 2005 Switzerland (Schwab Foundation)