Sustainalytics is a global company and we track the environmental, social and governance performance of companies around the world. So our job is to determine what the environmental and social footprint of companies is and highlight that for investors, both individual investors and pension plans.
The most important tool we have are our analysts and we have got about 60 or 70 analysts around the world, and you know I describe them as being a cross between a very traditional financial analyst using all of the tools that a financial analyst uses. But you cross a financial analyst with a private detective or an investigative journalist and that's what you have a Sustainalytics. So they are not just looking at the corporate information, they are talking to governments, they are talking to NGOs, they are talking to unions, they are talking to indigenous people, the broad range and you know it's like putting a jigsaw puzzle together, and you are putting those pieces together. So it's not just what the company says it's doing in the environmental and social area, we are actually measuring what they are doing, the performance of that company. So really people that are most important leverage point for looking what companies are doing.
The history of Sustainalytics goes back 20 years, so there have been a couple of decades of invention. So the foundation of what we do is an analytical framework and we look at core indicators in the environmental, social and governance areas. And again what we try to do is on a sector basis identify right environmental and social issues a company deals with in a particular sector on a day to day basis, what risks does that company face in its ordinary business on the environmental and social front, and then we try to measure how they are going about minimizing those risks. So for an oil and gas obviously you have got large environmental challenges, like climate change and water usage and so on. Well first of all do the companies know about those risks? If they know about them what are they doing to mitigate or minimize those risks and that's really where Sustainalytics comes in measuring the gap between understanding and action.