Since the end of 2022, Cofisem has studied the various ESG data published by the issuers on European stock markets, some of them for several years, thus anticipating the wishes of the European Commission.
Cofisem can now provide:
– financial indicators (revenues, Opex and Capex),
– environmental data such as Scopes 1, 2 and 3, energy consumption ratios (renewable and non-renewable), energy intensity, etc,
– social data such as diversity, absenteeism, training, work force turnover and disability ratios, etc., and,
– governance data such as ratios of board independence, parity, existence of a specialized ESG committee, etc.
In some cases, these indicators are specific to the issuer’s major business families, as a prelude to the publication of "sector-specific" indicators currently being developed by EFRAG.
As a first step, Cofisem has identified adapted sets of ratios for:
– Industrial and commercial companies,
– banks
– Insurance and reinsurance companies, and,
– real estate companies.
Among the data available to Cofisem are the targets published by emitters, mainly concerning their greenhouse gas (GHG) emissions, which are decisive in assessing their efforts to reduce emissions in line with the global objective of not exceeding 1.5°C global warming.
The ESG data available at Cofisem can be combined with all the other financial data and ratios well known to investors and available at Cofisem, to enable sector analysis and informed investment choices.
Cofisem shares the conviction that the quality of an investment can no longer be measured solely by its financial achievements and prospects.
Cofisem, 24 July 2023