ISS ESG, the sustainable investment arm of ISS STOXX, has launched its enhanced Modern Slavery Solution to help investors monitor and report on portfolio risk.
The solution provides a scorecard and portfolio report powered by a comprehensive dataset from three ISS ESG solutions: the ESG Corporate Rating, Norm-Based Research, and the ESG Country Rating, as well as data from external sources such as the US Department of Labor.
Its methodology assesses 25 quantitative and qualitative factors developed by ISS ESG’s modern slavery and human rights experts.
The company noted that, as of June 2024, the solution covers approximately 60,000 issuers globally in its risk assessment section, and 8,000 issuers are covered by all sections of the report.
Till Jung, Head of ISS ESG, commented: “The new launch is timely in light of improving corporate modern-slavery and supply-chain related disclosure in markets such as Australia, the United Kingdom, Canada, France, the Netherlands, Germany and Norway, driven by significant regulatory developments in recent years.”
“The modern slavery solution’s new reporting functionality allows clients to upload their portfolio and download a report which details their risk exposure and also demonstrates how their holdings are managing modern slavery risks.”