workshop
DESCRIPTION
Carlos Bendito, Managing director - Triodos Bank N.V. S.E. - Spain.TRANSCRIPT
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José Echegaray 5,Parque Empresarial Las Rozas28230 Las Rozas, Madrid – ESPAÑACIF nº: A82753658
Tel.: +34 91 788 60 11Fax: +34 91 640 54 44
www.ais.com.es
Transparency + Sustainability = Outperformance
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1. Who is AIS?
2. Capital markets and SRI cultural tendencies
3. Rating the companies
4. Rating the regions
5. Conclusions
1. Who is AIS?
2. Capital markets and SRI cultural tendencies
3. Rating the companies
4. Rating the regions
5. Conclusions
Index
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• Professional services firm specialised in the analysis of of stock
listed companies under sustainability performance indicators.
• An analysis based on social, environmental and corporate
governance risk and performance criteria.
• AIS was born in 2005 as a joint veture between Triodos Bank
and ECODES.
• Triodos Bank is one of the founder members of SiRi Co through its
subsidiary DSR (Dutch Sustainability research). Since the year 2000,
ECODES was the Spanish partner of SiRi Co
• From September 2005, AIS became shareholder and partner of
SiRi Co in Spain.
• Professional services firm specialised in the analysis of of stock
listed companies under sustainability performance indicators.
• An analysis based on social, environmental and corporate
governance risk and performance criteria.
• AIS was born in 2005 as a joint veture between Triodos Bank
and ECODES.
• Triodos Bank is one of the founder members of SiRi Co through its
subsidiary DSR (Dutch Sustainability research). Since the year 2000,
ECODES was the Spanish partner of SiRi Co
• From September 2005, AIS became shareholder and partner of
SiRi Co in Spain.
AIS – Analistas Internacionales en Sostenibilidad
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Ética Empresarial
CorrupciónSobornos
Estrategia & Política
Resultadosy
medición
Sistemasde
Gestión
Transparencia & Reporting
(GRI guidelines)
Perfil & Rating
cc c
Comunidad
FilantropíaInvolucración Comunitaria
GobiernoCorporativo
AccountabilityIndependenciaRemuneración
Clientes
CalidadSatisfacción
Empleados
Lugar de TrabajoSalud y Seguridad
DiversidadRetribuciónFormación
Medio-ambiente
ConsumosResiduosPolución
Product life cycle
Proveedores
Explotación InfantilEtandares de Vida
Derechos Humanos
SiRi Co. Methodology
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1. Who is AIS?
2. Capital markets and SRI cultural tendencies
3. Rating the regions
4. Rating the companies
5. Conclusions
1. Who is AIS?
2. Capital markets and SRI cultural tendencies
3. Rating the regions
4. Rating the companies
5. Conclusions
Index
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Capital markets and SRI cultural tendencies
SRI tendencies in EuropeCOUNTR
YDRIVERS REGULATORY
FRAMEWORKS.R.I.
DevelopmentUK Ethical Background Information and
Transparency (SIPs) July 2000
Increase of engagement activism
Germany Ecological (“green”) Specific Reporting requiredAugust 2001
Screening is dominant
France Social aspects Employees Savings PlansFeb. 2001
Strong Trade Union’s presence
Italy Religion / Ethical Regulation over transparencyJuly 2004
Pension funds major players
Spain Ethical / social / charitable
Transparency Nov. 2005 (expected)
Donations and charity Investment Funds + negative screening
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1. Who is AIS?
2. Capital markets and SRI cultural tendencies
3. Rating the companies
4. Rating the regions
5. Conclusions
1. Who is AIS?
2. Capital markets and SRI cultural tendencies
3. Rating the companies
4. Rating the regions
5. Conclusions
Index
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Best and Worst SiRi rated companies
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Best and Worst SiRi rated companies stock performance
Westpac Banking first in SiRi rating
Cheung Kong Holdings last in SiRi rating
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Best SiRi rated companies per criteria
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Worst SiRi rated companies per criteria
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1. Who is AIS?
2. Capital markets and SRI cultural tendencies
3. Rating the companies
4. Rating the regions
5. Conclusions
1. Who is AIS?
2. Capital markets and SRI cultural tendencies
3. Rating the companies
4. Rating the regions
5. Conclusions
Index
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Rating the regions
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Rating the regions
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Rating the regions
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Rating the regions
82,2
68,7 67,374,0 69,6
57,0
47,3 53,344,9
39,2
54,957,7
0,0
20,0
40,0
60,0
80,0
100,0
BusinessEthics
CorporateGovernance
Stakeholders Environment
REGION's RATING ACCORDING TO COMPANIES RATING
USA EUROPE ASIA & OCEANIA
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1. Who is AIS?
2. Capital markets and SRI cultural tendencies
3. Rating the companies
4. Rating the regions
5. Conclusions
1. Who is AIS?
2. Capital markets and SRI cultural tendencies
3. Rating the companies
4. Rating the regions
5. Conclusions
Index
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Domini 400 Index
10 years’ performance:
Domini 400 (12.33%)
+ 0.99%vs.
S&P 500 (11.34%)
Diferent methodologies offer different results
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FTSE4Good vs. FTSE:
-2.8% desde su lanzamiento en 7/01
DJSI vs. DJWSI:
-8.5% desde su lanzamiento en 9/99
Fuente: Goldman Sachs, Feb - 2004
Diferent methodologies offer different results
20Where more than money counts
Fund: Triodos Meerwaarde Aandelenfonds
Morningstar Category™: World Wide equity Large-Cap
Index: MSCI The World Index Free ND
Morningstar Rating™
Triodos Meerwaarde AandelenfondsAnnual performance
Fund +/-Cat +/-Idx
YTD 7.3 -7.1 -8.4
2004 7.5 2.4 1.0
2003 10.2 -0.2 0.5
2002 -26.1 5.8 5.9
2005-08-02
Diferent methodologies offer different results
21Where more than money counts
Fund: Triodos Meerwaarde Mix Fonds
Morningstar Category™: Defensive Balanced Fund
Index: LB Euro-Agg. 75% / FTSE World 25%
Morningstar Rating™
Annual performance
Fund +/-Cat +/-Idx
YTD 6.4 2.0 -0.5
2004 4.8 0.7 -2.8
2003 6.9 2.1 0.3
2002 -4.7 -1.0 -2.7
Triodos Meerwaarde Mix Fonds
2005-08-02
Diferent methodologies offer different results
22Where more than money counts
Morningstar Rating™
Fund: Triodos Meerwaarde obligatiefondsMorningstar Category™: Defensive Balanced FundIndex: LB Euro-Agg. 75% / FTSE World 25%
Annual performance
Fund +/-Cat +/-Idx
YTD 3.4 0.6 -0.6
2004 6.4 1.0 -1.0
2003 5.9 2.0 1.3
2002 11.5 4.5 2.0
Triodos Meerwaarde obligatiefonds
2005-08-02
Diferent methodologies offer different results
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The past versus the present of investment styles
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• All copyrights patents and other property in the information contained in this document is held by Analistas Internacionales en Sostenibilidad, S.A. No rights whatsoever are licensed or assigned or shall otherwise pass to persons accessing this information.
• This document has been carefully prepared by Analistas Internacionales en Sostenibilidad, S.A. and is intended to supply the reader with information and reference on AIS and SiRi Company Ltd.’s specific capabilities and services. Some content of this document is based upon external sources of information believed to be reliable, but no warranty or declaration, either explicit or implicit, is given as to their accuracy or completeness. This document is not intended for distribution to or use by third parties. This explicitly is the case for distribution to or use by persons or entities in any jurisdiction or country where such distribution or use would be contrary to local law or regulation.
• Any information, verbal or in writing, relating to the performance is for historical information only. Past performance is not indicative for future results.
Disclaimer
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Carlos Bendito
CEO
José Echegaray 5
Parque Empresarial Las Rozas
28230 Las Rozas / Madrid
Tel: +34 91 640 46 84