TRI Training Conference Show Me The Money: Use of TRI Data by the Financial Sector “Processing the...
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Transcript of TRI Training Conference Show Me The Money: Use of TRI Data by the Financial Sector “Processing the...
![Page 1: TRI Training Conference Show Me The Money: Use of TRI Data by the Financial Sector “Processing the Data” Mark Bateman Director of Research, IW Financial.](https://reader036.fdocuments.us/reader036/viewer/2022062408/56649ec15503460f94bcd087/html5/thumbnails/1.jpg)
TRI Training ConferenceShow Me The Money: Use of TRI Data by the Financial Sector
“Processing the Data”
Mark BatemanDirector of Research, IW Financial
![Page 2: TRI Training Conference Show Me The Money: Use of TRI Data by the Financial Sector “Processing the Data” Mark Bateman Director of Research, IW Financial.](https://reader036.fdocuments.us/reader036/viewer/2022062408/56649ec15503460f94bcd087/html5/thumbnails/2.jpg)
©2008 IW Financial
IW Financial
• ... is an environmental, social, and governance (ESG) research and services firm
• ... supports all level of Investors and others interested in ESG company data and evaluations
• ... is “Values Neutral”—no agenda, no opinion on who’s good and who’s bad
• ... facilitates comparative evaluations and threshold screening
• ... walks clients through a “Social Conversation”
![Page 3: TRI Training Conference Show Me The Money: Use of TRI Data by the Financial Sector “Processing the Data” Mark Bateman Director of Research, IW Financial.](https://reader036.fdocuments.us/reader036/viewer/2022062408/56649ec15503460f94bcd087/html5/thumbnails/3.jpg)
©2008 IW Financial
User Defined Criteria
Prioritize each corporate practices category.
Choose which issues to include.
Indicate an orientation to each issue.
![Page 4: TRI Training Conference Show Me The Money: Use of TRI Data by the Financial Sector “Processing the Data” Mark Bateman Director of Research, IW Financial.](https://reader036.fdocuments.us/reader036/viewer/2022062408/56649ec15503460f94bcd087/html5/thumbnails/4.jpg)
©2008 IW Financial
Industry Ratings
Evaluation of the chemical industry based on sample “social profile” that includes environmental, human rights, labor relations, diversity, sexual orientation, and governance issues.
![Page 5: TRI Training Conference Show Me The Money: Use of TRI Data by the Financial Sector “Processing the Data” Mark Bateman Director of Research, IW Financial.](https://reader036.fdocuments.us/reader036/viewer/2022062408/56649ec15503460f94bcd087/html5/thumbnails/5.jpg)
©2008 IW Financial
Government-based Environmental Data
• TRI-Toxic Release Inventory
• ERNS-Emergency Response Notification System (Spills)
• CERCLA-
• Federal EPA Fines data
![Page 6: TRI Training Conference Show Me The Money: Use of TRI Data by the Financial Sector “Processing the Data” Mark Bateman Director of Research, IW Financial.](https://reader036.fdocuments.us/reader036/viewer/2022062408/56649ec15503460f94bcd087/html5/thumbnails/6.jpg)
©2008 IW Financial
Why is EPA Data Important?
• Consistent data across a large company universe
• Performance data instead of policy data
• Trend analysis is possible
• Criteria defined by a third-party, not by companies themselves
![Page 7: TRI Training Conference Show Me The Money: Use of TRI Data by the Financial Sector “Processing the Data” Mark Bateman Director of Research, IW Financial.](https://reader036.fdocuments.us/reader036/viewer/2022062408/56649ec15503460f94bcd087/html5/thumbnails/7.jpg)
©2008 IW Financial
IW Financial TRI Processing...
• Attribution of facilities to Ultimate Corporate Parent• Calculation of Two Basic Data Elements
(manipulation of Form R into meaningful elements)• Total Emissions• Total Waste Generation
• Calculation of Derivative Data for both Basic Elements• Normalized to sales revenue• Trends over time• [Industry Averages also possible]
![Page 8: TRI Training Conference Show Me The Money: Use of TRI Data by the Financial Sector “Processing the Data” Mark Bateman Director of Research, IW Financial.](https://reader036.fdocuments.us/reader036/viewer/2022062408/56649ec15503460f94bcd087/html5/thumbnails/8.jpg)
©2008 IW Financial
IW Financial Maintenance of TRI...
• Reattribution of facilities• Based on corporate actions: mergers, acquisitions,
spin-offs
• Pro forma recalculation of data elements• Conducted for IWF’s entire data set
• Russell 3000 and S&P 1500• TRI data back to 2001
![Page 9: TRI Training Conference Show Me The Money: Use of TRI Data by the Financial Sector “Processing the Data” Mark Bateman Director of Research, IW Financial.](https://reader036.fdocuments.us/reader036/viewer/2022062408/56649ec15503460f94bcd087/html5/thumbnails/9.jpg)
©2008 IW Financial
How to Improve TRI (and other EPA datasets)
• Faster Release of TRI Data • IWF does not need the Analysis, we need the data• It takes IWF a couple of months to do our processing once
EPA releases the data. By the time it makes it to our clients, it’s more than 18 months old.
• Better identification and linkages of facility records from one year to the next in a given dataset
• Better identification and linkages of facility records between EPA datasets
• Guidance on most damaging company practices and how they are reflected on Form R
• Consideration of expanding Form R reporting requirement to provide business/production context for chemical reporting. This could create appropriate normalizing factors that could be aggregated as well.
![Page 10: TRI Training Conference Show Me The Money: Use of TRI Data by the Financial Sector “Processing the Data” Mark Bateman Director of Research, IW Financial.](https://reader036.fdocuments.us/reader036/viewer/2022062408/56649ec15503460f94bcd087/html5/thumbnails/10.jpg)
©2008 IW Financial
Contact Information
IW Financial
Mark BatemanDirector of Research207.773.2333 x [email protected]