Even though shares in iSignthis Ltd (ASX: ISX) have been suspended for around six weeks as the regulator looks into its corporate governance and financial reporting the company boasted of some good news today.
According to iSignthis, the ESG corporate ratings provider Institutional Shareholder Services Inc. has given it a ‘prime’ ESG rating.
The rating is based on the environmental, social and governance principles followed by a company, with the ESG industry exploding in popularity recently as institutional investors place more emphasis on it.
One of the reasons more emphasis is being placed on ESG is because the large clients of institutional investors who are effectively paying them fees want to see that they consider ESG principles when making investments.
In other words if a powerful fund manger wants to attract inflows it better have ESG credentials and policies to show its clients.
Unfortunately, iSignthis’s ESG certificate is unlikely to impress the compliance team at the ASX that continues to look into the business.
This week the ASX’s compliance team confirmed the shares will remain suspended while it continues to investigate a number of serious allegations made against the business.
The post Will iSignthis’s ESG certificate impress the ASX? appeared first on Motley Fool Australia.
You’re invited! For a limited time, The Motley Fool Australia is giving away an urgent new investment report detailing our 3 TOP BLUE CHIP SHARES to own in 2019.
So if you like trustworthy, stable, high-performing companies that pay fat fully franked dividends – we’ve got you covered!
Stock #1 is a beloved old Australian company turning its attention to high-margin businesses... and rapidly returning cash to shareholders with its hefty dividend...
While Stock #2 is an online powerhouse that’s rapidly gaining market share all around the globe... poised for years (or even decades) of tremendous growth...
Even better, Stock #3 offers a whopping 6.5% grossed-up dividend! Which beats the rates on term deposits right out of the water – and offers the potential for capital gains, too.
You can discover all three shares inside our new report right now. To scoop up your FREE copy, simply click the link below right now. But you will want to hurry – this free report is available for a LIMITED TIME ONLY!
- Man bets $221,666 on one ASX stock
- Top analysts name their top 3 ASX blue chip shares for 2019
- 3 quality dividend shares to boost your income
- NEW: Free report names top 3 ASX dividend shares to buy for 2019
- 5 Stocks for Potentially Building Wealth After 50
You can find Tom on Twitter @tommyr345
The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
The Motley Fool's purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool's free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. 2019