Moody’s ESG announced today the launch of its Global Compact Screening tool, aimed at enabling investors and market participants to evaluate the alignment of companies with the sustainability-focused principles of the United Nations Global Compact (UNGC).

The UNGC is a consortium of companies and organizations across the globe committed to aligning their strategies and operations with a series of ten principles on human rights, labor, environment, and anti-corruption, and to take strategic action to advance broader societal goals such as the UN Sustainable Development Goals (SDGs).

Moody’s new tool provides assessments for approximately 5,000 companies across 36 datapoints, with scores and controversy screening on the UNGC principles, as well as negative screening for activities in contravention of the UNGC exclusionary principles. According to Moody’s, Global Compact Screening will provide financial institutions with data for portfolio and risk management and reporting, enable ESG integration for investors, and allow asset owners to evaluate portfolio ESG risk exposure.

Sabine Lochmann, Global Head of Moody’s ESG Measures, said:

“By committing to integrating sustainability in their portfolios, investors and other market participants can set the stage for long-term success and take shared responsibility for the transition towards a more sustainable and resilient future. Our Global Compact Screening tool aids responsible investment decisions by evaluating companies’ strategies and operations against the UNGC principles.”

The post Moody’s ESG Launches Tool Evaluating UN Global Compact Investment Alignment appeared first on ESG Today.