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Mark Bateman Director of Research, IW Financial

TRI Training Conference Show Me The Money: Use of TRI Data by the Financial Sector “Processing the Data”. Mark Bateman Director of Research, IW Financial. IW Financial. ... is an environmental, social, and governance (ESG) research and services firm

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Mark Bateman Director of Research, IW Financial

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  1. TRI Training ConferenceShow Me The Money: Use of TRI Data by the Financial Sector“Processing the Data” Mark Bateman Director of Research, IW Financial

  2. IW Financial • ... is an environmental, social, and governance (ESG) research and services firm • ... supports all level of Investors and others interested in ESG company data and evaluations • ... is “Values Neutral”—no agenda, no opinion on who’s good and who’s bad • ... facilitates comparative evaluations and threshold screening • ... walks clients through a “Social Conversation”

  3. User Defined Criteria Prioritize each corporate practices category. Choose which issues to include. Indicate an orientation to each issue.

  4. Industry Ratings Evaluation of the chemical industry based on sample “social profile” that includes environmental, human rights, labor relations, diversity, sexual orientation, and governance issues.

  5. Government-based Environmental Data • TRI-Toxic Release Inventory • ERNS-Emergency Response Notification System (Spills) • CERCLA- • Federal EPA Fines data

  6. Why is EPA Data Important? • Consistent data across a large company universe • Performance data instead of policy data • Trend analysis is possible • Criteria defined by a third-party, not by companies themselves

  7. IW Financial TRI Processing... • Attribution of facilities to Ultimate Corporate Parent • Calculation of Two Basic Data Elements (manipulation of Form R into meaningful elements) • Total Emissions • Total Waste Generation • Calculation of Derivative Data for both Basic Elements • Normalized to sales revenue • Trends over time • [Industry Averages also possible]

  8. IW Financial Maintenance of TRI... • Reattribution of facilities • Based on corporate actions: mergers, acquisitions, spin-offs • Pro forma recalculation of data elements • Conducted for IWF’s entire data set • Russell 3000 and S&P 1500 • TRI data back to 2001

  9. How to Improve TRI (and other EPA datasets) • Faster Release of TRI Data • IWF does not need the Analysis, we need the data • It takes IWF a couple of months to do our processing once EPA releases the data. By the time it makes it to our clients, it’s more than 18 months old. • Better identification and linkages of facility records from one year to the next in a given dataset • Better identification and linkages of facility records between EPA datasets • Guidance on most damaging company practices and how they are reflected on Form R • Consideration of expanding Form R reporting requirement to provide business/production context for chemical reporting. This could create appropriate normalizing factors that could be aggregated as well.

  10. Contact Information IW Financial Mark Bateman Director of Research 207.773.2333 x 2098 markbateman@iwfinancial.com

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