September 21, 2010
Swedish environmental, social and governance (ESG) advisory firm GES Investment Services and UK-based proxy firm Manifest Information Services have announced a new strategic partnership. The tie-up brings together GES’s ESG research and Manifest’s global proxy voting services, which they say presents “a fully-fledged European solution for Responsible Investment”.
Josefine Ekros, Senior Research Analyst at GES, characterised the agreement as a “preferred partnership” arrangement. She said the deal reflects demand from both companies’ clients and would enable GES to build on its existing “small scale” proxy voting service.
GES, headed by Managing Director Magnus Furugård, already partners with the likes of the Interfaith Center on Corporate Responsibility, NASDAQ OMX and the Sustainable Investment Research Institute.
Wilson told Responsible-Investor.com that GES clients have been asking about proxy voting and Manifest’s clients were looking for the integration of the “E and S with the G” of ESG. Both Ekros and Wilson stressed this is not a merger or the prelude to one.
By Daniel Brooksbank