Glass Lewis introduced a watch list covering 3,000 U.S. companies environmental, social and governance policies and practices, according to a statement by the proxy-voting advisory and investment research company. Users of the service can track potential impact on financial, accounting, legal, reputational or performance risks. IW Financial each week rates companies in the universe covered by the ESG Watch List Service.
This new service will allow our clients to identify at a glance those companies in a portfolio with a pending meeting that might pose above-normal ESG risk, CEO Katherine Rabin said in the statement. With an increased investor focus on proxy voting, its clear that many fiduciaries will want to be informed of such risks, which can have an impact on their ultimate vote decision.