1. Preliminary
examination 
|
In all sectors and regions,
ETHIBEL looks for companies which may be considered for
inclusion in the investment register.
This is done on the basis of annual reports and websites
of the companies, international databanks and directories
of companies with a good social or environmental policy
or that are otherwise involved in controversial technologies
and trade practices, publications of consumer and third
world organisations, etc. |
| 2. Screening
|
The screening of a company always takes place on the
basis of direct contacts with the company, information
from international partners
and a survey of various ‘stakeholders’.
In addition, all kinds of publications, specialised
databanks and websites are extendedly used.
An extensive list of themes and indicators is examined
with respect to all areas of the companies' social responsibility.
The evaluation scheme
gives a brief explanation of the screening themes.
|
| 3. Company
profile |
Based on this screening,
a company profile is drawn up which includes the conclusions
of the examination. This briefly sketches the background
and general context of the company and then provides detailed
information on four main fields of the investigation:
- Internal social policy
- Environmental policy
- External social policy
- Ethical-economic policy.
In the company databank
of ETHIBEL’s investment register, you can examine
a summary of the profile of a number of companies. |
| 4. Rating
|
For each of the four fields
of examination, the investigation team comes up with a
rating based on an extensive list of criteria. It is important
to note that the performance of the company is also evaluated
in relative terms to overall performance of its sector
and region.
The scores vary from 1 to 5, ranging from "far below
average" to "normal for the sector" and
right up to "exceptional, plays a pioneering role".
Only those companies that score at least ‘average’,
‘well’ or ‘very well’ in all four
areas are presented to the "Register Committee".
|
| 5. Opinion
of the Register Committee |
The independent Register
Committee of external experts judge the integrity
and quality of the company profiles presented and gives
its opinion about the rating and eventual inclusion of
a company in ETHIBEL’s investment register. |
| 6. Decision
of the Board of Directors |
ETHIBEL's Board
of Directors takes the final decision on whether to
include or exclude a company. |
| 7. Inclusion
or exclusion |
Based on this procedure, a company can be included
in the investment register. From that moment on, it
will be closely monitored by the ETHIBEL team.
A quick updating takes place every year which is followed
by a thorough re-evaluation after three years.
If it appears that a company no longer satisfies the
criteria in all areas, then it will be removed from
the list.
|
| 8. Communication
about the register |
- The company will be informed about its inclusion
or exclusion from the register..
- The fund managers are informed every time the register
is updated.
- The investment public can follow the development
of the register via the online
databank.
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