ISS ESG is to tweak the model behind its recently launched Cyber Risk Score to make it easier to identify “good” and “bad” scores.
“The ability for this model to differentiate ‘goods’ from ‘bads’ by discerning forward-looking risk, is a key differentiator in the market,” the company said. The new version, 5.0, also updates its Incident Type Likelihood ranking of potential cyber breaches.
Many companies are including cybersecurity within their ESG processes because they recognise that protection of personal and corporate data falls within the social and governance pillars.
The sustainable investment arm of Institutional Shareholder Services, which launched the service earlier this year, said the enhancements would be rolled out by the end of July.
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