Ceres, a coalition of investors, environmental groups and public interest organizations, joined the Enhanced Analytics Initiative as a partner, a new membership category for organizations supporting EAI's mission, according to a joint statement from the groups.
Ceres and EAI share the belief that there is financial value in addressing environmental, labor and corporate governance issues, which are not part of traditional investment analysis, and investors should incorporate them into their portfolio management decisions, Mindy S. Lubber, Ceres president, said in an interview.
"We will encourage our members ... where appropriate to consider becoming a member of EAI," Ms. Lubber said.
EAI members pledge to commit 5% of their annual brokerage commissions to encourage investment research that considers the impact of extra-financial issues, including environmental and corporate governance, on long-term company performance.
Ceres, whose members have a combined $3 trillion in assets, works with companies to address sustainability challenges from climate and other environmental issues.