Cowen Features ESG Scores on All Company-Specific Research Reports
Provides Unbiased Metric to Distinguish Progress on Environmental, Social and Governance Issues for Over 800 Public Securities
One of the First Major Wall Street Firms to Provide Company-Specific ESG Scores in its Equity Research
NEW YORK, March 08, 2021 (GLOBE NEWSWIRE) -- Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) today announced that its market-leading equity research reports now feature an ESG Score designed to help investors quantify differences between corporations in areas of environmental, social and governance focus. Cowen is one of the first major Wall Street firms to provide company-specific ESG scores in its equity research. The Company’s 55 analysts cover over 800 securities.
“ESG factors have become a critical component of the investment process and there is a distinct need to have a solution set that can address the volume of information involved and standardization needed to have a clear view of corporate progress. Cowen, through its industry leading equity research team, is pleased to offer an unbiased, common ESG framework that can be used to distinguish between companies. Unlike many other ESG ratings systems, Cowen’s ESG Scores are forward-looking and uniform, which allow us to thoughtfully approach ESG discussions with our clients,” said Robert Fagin, Cowen’s Director of Research.
Cowen’s ESG Scores evaluate companies’ performance on a 0 to 100 scale. A score of 50 represents a neutral impact. Scores above 50 are a more positive indication, and scores below are more negative.
Cowen’s ESG Scores are powered by technology and data from Truvalue Labs, a FactSet company. Truvalue uses artificial intelligence to capture stakeholders’ view of how companies are performing on ESG metrics, using the Sustainability Accounting Standards Board (SASB) materiality framework.
Truvalue captures unstructured data from more than 100,000 sources, in 13 languages, which provide an indication of how stakeholder issues and potential controversies may affect a company based on real-time information. These data points are collected from a wide range of sources with varied perspectives, including industry publications, news outlets, NGOs, trade unions, government sources, legal and regulatory filings, and academic publications. Natural language processing is then applied to interpret semantic content from the original sources and generate analytics by applying criteria consistent with established sustainability and ESG frameworks.
"We are delighted that Cowen has chosen Truvalue Labs, a FactSet company, to power their ESG research and analysis,” said Hendrik Bartel, SVP of ESG Strategy at FactSet. "We are aligned in our commitment to providing investors with timely, consistent ESG scores from an external stakeholder perspective."
Added Fagin, “The new scoring is also deeply reflective of Cowen’s commitment to supporting the global transition to more sustainable assets. Our partnership with Truvalue Labs is another way we are mobilizing our best thinking across the firm on ESG-related questions for our clients and supporting impactful, long-term change that can benefit industries and communities.”
Cowen is committed to promoting strong environmental, social and governance standards for all of its stakeholders, including its clients, employees, family and the communities in which its stakeholders live. Additional information about Cowen’s ESG and sustainability initiatives may be found by clicking here.
About Cowen Inc.
Cowen Inc. (“Cowen” or the “Company”) is a diversified financial services firm that operates through two business segments: a broker dealer and an investment management division. The Company’s broker dealer division offers investment banking services, equity and credit research, sales and trading, prime brokerage, global clearing and commission management services. Cowen’s investment management segment offers actively managed alternative investment products. Cowen Inc. focuses on delivering value-added capabilities to our clients in order to help them outperform. Founded in 1918, the firm is headquartered in New York and has offices worldwide. Learn more at Cowen.com.
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