Investor Responsibility Research Center will offer a terrorism screen, identifying companies with global securities risk even though they are not knowingly assisting any terrorist group. IRRC identified some 300 U.S., European and Asian companies whose reputations or finances are at risk because their products are used in terrorist-related activities, or are used in weapons of mass destruction or nuclear proliferation. Companies with manufacturing plants in countries identified as harboring terrorists also are screened.
IRRC plans to market the new service to pension funds, money managers and other institutional investors. Bradley Webb, director-sales and client services, is leading its development.
IRRC plans to unveil details of the new service tomorrow.