ECODES Updated in March 2012
Activity: Research Organisation Legal status: Non-profit organisation Address: Plaza San Bruno, 9, oficina 1 50001 ZARAGOZA SPAIN Telephone: +34 976 298 282 Fax: +34 976 203092 E-mail: [email protected] Aurelio García: [email protected] Marta Ferrer: [email protected] Aranzazu Romero: [email protected] Website: www.ecodes.org
Activities
Products and services to investors Universe Analysis/ rating Investment research and consulting Coverage Information provision Large-cap companies Stock indexes Non-listed large companies Benchmarks Small and mid-cap companies Alert system Non-listed SMEs Portfolio screening Investment projects Company profiles Local authorities Proxy voting services Countries Sector and thematic research reports Participation in the creation of ethical stock indexes
Products and services to companies Universe Analysis/ rating Sector and thematic research Coverage Information provision Large-cap companies Consulting Non-listed large companies Certification Small and mid-cap companies Audit Non-listed SMEs Benchmarks Investment projects Training Local authorities Writing Sustainable Development Countries reports or other, specify:
Other services Contribution to conferences Communication - Publication Stakeholder dialogue Contribution to sustainability reports Engagement / Dialogue with companies Other:
Guide to Sustainability Analysis Organisations 1 ORSE – March 2012 Organisation background and structure
History and experience Established in 1992, Ecología y Desarrollo (ECODES) is an independent, private not-for-profit, organization specializing in sustainable development and corporate social responsibility. Since 1999, ECODES has promoted social corporate responsibility (CSR) in Spain through knowledge creation and dissemination as well as the provision of services for institutional investors, companies, public administrations and not-for-profit organizations. For further information, please visit www.ecores.org.
Geographical implementation Spain and Latin América
Structure of capital ECODES is a charitable foundation and as such, has no owners or shareholders.
Governance ECODES statutes reflect its structure and its governance. The foundation does not have economic interest. Only Mr. Víctor Viñuales, the CEO of ECODES practises a remunerated position.
- Board of Directors The board is made up of 3 managers and meets four times by month. The composition is available on the website.
- Advisory Panel It is a consultative organ, and is made up of the board of directors and the adhered members that are chosen by the directors.
- Deontology ECODES has certified a Voluntary Quality Standard developed by AI CSRR (for further information www.csrr-qs.org). In June 2007, we carried out our first external audit in this area. In February 2011, we carried out our last external audit in this area.
- Annual income 2010: EUR 2,768,884.30
Staff structure - Total staff: 31 - Number of full time analysts: 3 - Number of full time auditors: - Subcontracting:
Memberships AI CSRR (Association for Independent Corporate Sustainability and Responsibility Research) Eurosif National SIF (Sustainable Investment Forum) PRI (Principes Responsible Investment) Academics network, specify:
Professional partnerships
Partnerships with producing organisations of stock indexes ECODES is the Spanish research partner of the Ethical Investment Research Service (EIRIS). www.eiris.org ECODES is the Spanish partner of the Carbon Disclosure Project (CDP), since 2008. www.cdproject.net
University Partnerships ECODES has developed partnership with several universities as: University of Zaragoza, University of Valencia, INCAE Business School, ESADE, IE Business School, etc.
Guide to Sustainability Analysis Organisations 2 ORSE – March 2012 Products and Services
Description and theme of products and services ECODES is the Spanish research partner of EIRIS and it does not have commercial activity in CSR business.
Speciality-ies
Objective
Approach
Methodology EIRIS methodology.
ECODES researches companies according to a range of criteria across a wide spectrum of areas. Once the profile is updated with public information and reports, the profile is sent to the company to make comments on it (with links to specific parts of the survey).
Analyse process of informations
Guide to Sustainability Analysis Organisations 3 ORSE – March 2012 Criteria Sources of information Companies Corporate Governance, Stakeholder Questionnaire: systematically Engagement, Business Ethics/Code of Average time to answer: 2 to 4 weeks Conduct, Social, Environmental, Ethical Response rate: 65-80% (SEE) Risks, Environment, Labour Pre-filled questionnaire: Yes practices, Health and safety, Human Rights, Interviews: No Community, Customer/product Visits of sites: No responsibility, Supply chain responsibility, Controversial activities and others. Stakeholders: Trade-unions, NGOs Questionnaire: No Exclusionary criteria Yes Interviews: No
Sector-specific criteria Yes Public information: Systematically Databases: News paper databases Verification Stakeholders: Trade-unions, NGOs Validation data with stakeholders: Questionnaire: Which: NGOs Interviews: Trade-unions Authorities Public information: Databases:
Rating review quarterly bi-annually annually
Research is updated on an ongoing basis.
Alert system
Research and rating Schedule Average time of analysis by organisation: 32 hours work of analyst Month of questionnaire sending: through the year
Financial performances
SRI stocks Indexes FTSE 4 Good, created on July 2001 by FSTE. This index is based on EIRIS research. ECODES carries out sustainability analysis of Spanish and Portuguese companies for EIRIS.
Client services
Clients: No
Access to analysts for clarification of results at any time: Yes
Information about changes in the analysis process: Yes
Information about changes in the company's rating: Yes
Publication and confidentiality of results o ECODES does not publish ratings; however, the information it receives from companies is put in EIRIS database, and therefore is available for EIRIS clients to use. o ECODES signs confidentiality clauses with companies when it is required.
Guide to Sustainability Analysis Organisations 4 ORSE – March 2012 Nom du document : ECODES Form 2012 Répertoire : C:\Documents and Settings\Cath\Mes documents\orse\cecile\Attachments_2012_03_2 Modèle : C:\Documents and Settings\Cath\Application Data\Microsoft\Templates\Normal.dotm Titre : AVANZI SRI RESEARCH Sujet : Auteur : orse Mots clés : Commentaires : Date de création : 24/01/2012 14:11:00 N° de révision : 8 Dernier enregistr. le : 02/03/2012 15:12:00 Dernier enregistrement par : rapports Temps total d'édition : 11 Minutes Dernière impression sur : 02/03/2012 16:35:00 Tel qu'à la dernière impression Nombre de pages : 4 Nombre de mots : 1 144 (approx.) Nombre de caractères : 6 296 (approx.)