MacCormick is pleased to announce a private placement in early October 2016. The investment targets further development of their Social Performance Index (SPI). The SPI measures mining and oil and gas company’s social performance against international standards and in relation to their financial performance. MacCormick released the world’s first SPI in 2012. Originally, the SPI was issued as a free annual publication of company’s performance. They have been harvesting big data on company’s performance for nearly 5 years and in 2017 will launch their digitized version of the SPI v1.0.
Socially responsible or impact investing (SRI) is an investment discipline that considers environmental, social and corporate governance (ESG) criteria to generate long-term competitive financial returns and positive societal impact. The SPI is designed to better inform this market on company’s performance – sector specific, company specific, project specific and social specific.
The size of the Impact Investing market has grown from 3 to 13 trillion USD in assets under professional management (AUM) by public demand since 2002 and is expected to double again. MacCormick’s SPI solution supplies both the impact investing and ESG data markets need for content whilst addressing the costs of substantial social disruption in the global resource sector.