Fintech PR
ValueCo and Instinctif Partners’ whitepaper sheds light on MENA ESG dynamics and institutional investor sentiment
- Perspective of asset allocators, MENA underperforms with average ratings below 50%
- MENA governance scores fall below global peers
- Distinctive ESG profiles revealed – UAE leads with average investor score of 39.5%
- Time for MENA issuers to adopt robust ESG frameworks to address international investor concerns
DUBAI, UAE, Dec. 6, 2023 /PRNewswire/ — Environmental, Social, and Governance (ESG) considerations have taken center stage, and the MENA region is a focal point. A co-authored whitepaper by ValueCo (France) and Instinctif Partners (MENA), titled “Navigating ESG Integration: Assessing the Extra-Financial Landscape of Listed Companies in the MENA Region,” unveils insights that promise greater transparency and comprehension of key value drivers concerning ESG factors, as the region progresses in its integration of ESG into business decision making.
Mathieu Joubrel, Co- Founder and CTO at ValueCo’s commented:
“Our proprietary tool underpinned by data gathered from asset managers contributing to our ESG collective intelligence model, illustrates the transformative path toward sustainable business practices that the MENA region is undergoing. In the lens of asset allocators, the region still underperforms compared to global peers, with MENA average ratings falling below the 50% mark. Our analysis shows that while some markets and sectors in the region perform well in Environmental and Social pillars, Governance issues persist, with international investors consistently assigning lower scores to MENA issuers.”
The whitepaper emphasizes that Governance scores in the MENA region consistently fall below global peers, revealing formidable obstacles. Cultural and workforce alignment issues are identified as barriers to meeting governance standards, despite policy makers making significant strides to enact more stringent governance regulations.
At the country level, the whitepaper unveils distinctive ESG profiles. The UAE leads with an average investor score of 39.5%, followed by Turkey and Oman. These scores are attributed to high performance in environmental and social aspects, supported by a regulatory environment requiring issuers to disclose their ESG performance.
Diana Estupinan, Chief Client Officer and ESG Advisor at Instinctif Partners MENA added:
“Qualitative feedback from investors showcased in our analysis indicates a paradigm shift in the importance of ESG. While ESG continues to grow in importance as a trigger for investment decisions by institutional investors, MENA issuers have a valuable window to adapt robust frameworks, and address core concerns raised by investors at a geographic and sector level. Issuers can continue to work robust ESG frameworks and ensure they continue to adopt best practice reporting to make information available to asset managers for their strategic decision making.”
Samantha Bartel, Managing Partner and CEO at Instinctif Partners MENA commented:
“In light of the insights from our co-authored whitepaper on MENA ESG dynamics, there is a clear imperative for improved ESG adoption in the region. With average ratings and governance scores trailing global peers, there exists a significant opportunity for issuers to enhance IR and ESG practices. We remain committed to guiding MENA issuers in adopting robust ESG frameworks and best practice reporting standards. This journey towards sustainable business practices is crucial, and we eagerly anticipate playing a key role in transforming the region’s ESG landscape for the better.”
In evaluating ESG performance across 11 sectors, the paper identifies a nuanced landscape. Information Technology and Communication Services lead the way, while Real Estate grapples with challenges, consistently ranking among the lowest-performing sectors.
The MENA region’s journey toward enhanced ESG performance faces a number of challenges and opportunities, unfolding in the wake of historical legacies. The whitepaper anticipates a transformative stride, where proactive measures, comprehensive regulations, and universal standards will pave the way for a sustainable and resilient future.
About ValueCo
ValueCo is a mission-driven company that aims to explicitly integrate environmental, social and human criteria into company performance and market valuations.
ValueCo has developed the first SaaS ESG analysis solution based on the proprietary scores of professional investors. They are the only player to collect and leverage the internal opinions of asset managers, thanks to their collaborative model and their cutting-edge research, conducted in-house and with academic partners.
This model enables them to draw on the collective intelligence of responsible investors to improve market practices as a whole.
About Instinctif Partners
Instinctif Partners is a leading international business communications consultancy with expertise across diverse practice areas: capital markets, corporate, public policy, content creative and insight & research. It is a specialist in reputation and influence, with experience across numerous sectors. It works with clients across multiple and complex audiences combining deep insights, expert storytelling and creative delivery to change behaviours, emotions and perceptions. Instinctif Partners currently employs over 320 people in 12 offices across Europe, the Middle East, and Africa.
Contact details
Sally Jaroudy
Mobile: +971 52 146 7090
Email: sally.jaroudy@instinctif.com
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DUBAI, UAE, Sept. 6, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, set out to make the community’s TOKEN2049 journey more rewarding. Gearing up for the most anticipated blockchain and Web3 event in the region, Bybit is thrilled to announce three bonus events to enable both attendees and remote fans to both be part of the experience.
The winning opportunities are open to both attendees of TOKEN2049 and followers from afar. Through trading and offline events, participants stand to get free tickets, a share of the $80,000 prize pool in airdrops and coupons, and Bybit merchandise.
Event 1: TOKEN2049 Treasure Express
From now to Sep. 26, 2024, Bybit users may register for the event and complete tasks by depositing and trading assets to earn lucky draw tickets. The wheel of fortune will turn to one of the three prizes:
1. A pair of tickets to TOKEN2049;
2. A share of the airdrop prize pool valued at $50,000 featuring the hottest tokens, including DOGS, PEPE, SOL, XRP, TON and USDT; or
3. Up to 50 USDT in spot coupons.
Even more rewards await in referrals and social media giveaways. For details, visit: TOKEN2049 Treasure Express
Event 2: Share and Unlock
From now to Sep. 30, 2024, unleash your social media magic for a chance to win a 10 USDT spot trading coupon. Share a Bybit blog link and your thoughts on Bybit and Web3. Remember to tag @Bybit_Official and use the hashtag #UnlockWeb3Future and submit the form with us here: #UnlockWeb3Future at TOKEN2049 with Bybit
Event 3: Meet us offline at TOKEN2049
Spot our logo at TOKEN2049 and capture a photo at the Bybit booth (M50) to win Bybit merchandise. Remember to share to your social media channels and use the right hashtag. For details, visit: #UnlockWeb3Future at TOKEN2049 with Bybit
An advocate for a sustainable Web3 ecosystem, Bybit will be featured prominently at TOKEN2049 on a series of keynote panels, thought leadership and community events, and booth M50.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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DUBAI, UAE, Sept. 6, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to announce it’s among the first to be granted consent to a full authorization by the Astana Financial Service Authority (AFSA). This milestone brings Bybit closer to becoming a fully regulated Digital Asset Trading Facility (DATF).
As part of a rigorous process, Bybit Kazakhstan has passed a full AML check, business conduct audit, and detailed compliance inspections. This is part of Bybit’s focus on securing new user opportunities in Kazakhstan and the broader Commonwealth of Independent States (CIS) region.
“Kazakhstan has become a key player in the global crypto ecosystem, and we are thrilled to be expanding our services in such a dynamic market,” said Ben Zhou, co-founder and CEO of Bybit. “We are committed to bringing our cutting-edge technology, security, and transparency to crypto traders in Kazakhstan, ensuring they can access the best possible tools and services to thrive in this fast-growing industry.”
Once the full license is in place, Bybit Kazakhstan will offer various digital assets related products and services. The expansion into Kazakhstan aligns with Bybit’s mission to provide reliable and transparent services, catering to the unique needs of crypto traders and investors in the region.
This development follows Bybit’s receipt of its initial operating and custody licenses from AFSA in June 2023, reinforcing its commitment to local regulatory requirements. Bybit’s ongoing efforts to strengthen its presence in Kazakhstan underscore its belief in responsible growth and ensuring a compliant and secure trading environment.
Kazakhstan has quickly emerged as a hub for crypto innovation, and Bybit is proud to play a leading role in fostering this development. For example, Bybit hosted a “Foundations of Blockchain, Web3 and Crypto Exchange Activities” course for Banks of Kazakhstan in 2024. This event was part of Bybit’s drive to make blockchain education more accessible in the CIS region.
By securing this full authorization, Bybit is poised to enhance crypto adoption, provide institutional-grade security, and offer advanced trading features to its growing regional user base.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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View original content:https://www.prnewswire.co.uk/news-releases/bybit-expands-global-reach-receives-formal-consent-for-full-authorization-in-kazakhstan-302240634.html
Fintech PR
Integrum ESG and CSRHub enable fund managers to monitor both long-term trends and short-term movements in ESG ratings for companies, across a 10-year time series
LONDON, Sept. 6, 2024 /PRNewswire/ — Integrum ESG, the leading alternative ESG data provider, has today announced the launch of their Consensus ESG Ratings module.
Just as investors monitor movements in consensus earnings estimates or credit ratings, investors now are aware of the demand for the ability to monitor long-term trends and short-term movements in consensus ESG ratings.
This new feature enables Integrum ESG’s asset manager clients to now see the consensus ESG score for any company, either as an absolute rating or a relative percentile ranking, across a 10-year time series.
These scores will indicate to any investor what the capital markets have ‘priced in’ for a company’s ESG performance, allowing users to quickly understand the market’s view on a company and easily conduct relative ESG analysis on the positions they hold within their Portfolio.
This regularly updated data is provided by CSRHub, the world’s leading provider of consensus ESG ratings. CSRHub has spent years aggregating and normalising a vast range of licensed sources – from large ESG ratings firms such as MSCI, ISS, S&P Global, and Sustainalytics to specialists such as CDP and Better World Companies.
Shai Hill, Founder and CEO of Integrum ESG, commented: “Many investors have told us they want a sense of ‘what is priced in’ in terms of a company’s ESG performance, so they can compare this to what anyone ESG ratings firm is saying. CSRHub is the only firm to have credibly achieved this, thanks to a model refined over years and a vast data lake – so we are delighted to be partnering with them.”
Bahar Gidwani, Co-Founder of CSRHub, added: “Investors need to fine tune their ESG-related investment strategies to improve their returns and better match the preferences of their clients. Combining CSRHub’s expert outside-in, consensus view of ESG with Integrum ESG’s detailed real-time data stream provides a strong solution for these needs.”
About Integrum ESG
Integrum ESG is the leading alternative ESG data and ratings platform for investors, blending human analysis and award-winning artificial intelligence models to capture, verify and display granular and relevant ESG data for analysis and assessment. Their Platform allows clients to dissect ESG scores, real-time sentiment, and more with a variety of unique-to-market features, empowering industry professionals and investors and giving them complete oversight of ESG risk across their portfolio.
For more information, visit www.integrumesg.com
About CSRHub
CSRHub offers the most comprehensive global set of Consensus ESG (Environmental, Social, and Governance) ratings, information, and tools. CSRHub’s business intelligence system measures the ESG business impact that drives corporate and investor sustainability decisions. Founded in 2007, CSRHub covers 56,545 public and private companies, and provides ESG performance scores on over 37,899 companies from 135 industries in 210 countries. Our Big Data platform uses algorithms to aggregate, normalize and weight ESG metrics from 957 sources to produce a strong consensus signal on corporate sustainability performance.
For more information, visit www.csrhub.com
Media Contact
Harish Karunalingam
Integrum ESG
[email protected]
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