ISS conducts systematic source monitoring across its research teams so that assessments and ratings can updated as soon as new information becomes available. Additionally, all of ISS’ data products are updated at least annually, with updates scheduled according to financial data release. Information about corporate events is tracked via news sources and updated as financial releases become available.
ISS-Ethix’s Controversy Watch processes information about corporate involvement in ESG controversies on from news and stakeholder sources. ISS-Ethix’s Controversy Watch team is responsible for the review, triage and processing of news from a wide variety of sources. The team processes information about corporate involvement in ESG controversies from more than 4,400 public sources globally in 15 languages and an additional 145 expert stakeholder sources.
Further, ISS engages with certain companies who are within the coverage universe of ISS’ data products as part of the standard research process. The objective of this interaction is to ensure that our research is based on the most comprehensive and accurate information available, and is for the benefit of all ISS clients. The frequency of this engagement varies by product.
Much of the information included in Governance QualityScore comes from the company’s circular/proxy filing for its annual shareholder meeting, and the ISS Research teams’ interpretation and proxy voting recommendations to our clients for that meeting. While companies have the ability most of the year to update information for Governance QualityScore, this ability is restricted during the time ISS is gathering the information from the proxy and preparing its proxy analysis. Once the proxy voting recommendations report is released to institutional clients, companies are able to once again review their Governance QualityScore data profiles and update/correct information.
The information in Environmental & Social QualityScore is sourced from company publications including mainstream filings, Sustainability and CSR reports, Integrated Reports, publicly available company policies and information on company websites. Confirmation of company participation in or formal endorsement of authoritative multi-stakeholder initiatives is collected from websites or member list made available by the relevant initiatives. Unlike Governance QualityScore, there is no blackout period surrounding company proxy analysis.
Online QualityScore profiles are updated once daily, at approximately 5 am Eastern. QualityScore scores, the online website may not yet reflect the updated scores and profile. The online score and profile will be updated the next day. During the year outside of the annual meeting, ISS reviews new filings to keep QualityScore up to date, incorporating changes to bylaws, adoptions and redemptions of poison pills, and other events.
Companies who are within the coverage universe of ISS Governance and Environment & Social QualityScore products, are invited to review, verify and provide feedback on the data used to determine their scores via a complementary a year-round data verification tool, accessed through ISS Corporate Solutions’ Governance Analytics platform. Submissions of corrected or updated data factors can be made online through the platform.