About

Founded in Geneva, Switzerland in 2001, Covalence assesses companies on environmental, social and governance (ESG) criteria by comparing corporate disclosures with news sentiment.

We offer ESG ratings and news data covering 15,000 securities to investors, academics, and non-profits.

Since 2001 Covalence has been evaluating companies according to Environment, Social and Governance (ESG) criteria

Antoine Mach and Marc Rochat founded Covalence to help companies and investors integrate ESG issues

And to respond to the international community’s call for sustainable development

Our AI-powered scoring system compares corporate disclosures to news sentiment

Our monthly-updated ESG ratings cover 15000 listed companies globally

Covalence’s ESG ratings are aggregated to produce bespoke portfolio reports

Covalence and Sussland & Co offer the ZKB Tracker Certificate Dynamic on Sustainable Swiss Small and Mid-Caps

Covalence’s expertise is useful for investment management, portfolio analysis, ESG news monitoring, academic research, and training.

Our main differentiators are: pioneer, independent ESG rating agency; multi-sources ESG scoring system; dynamic, granular news data documenting controversies, good practices and evolving social issues; in-house AI capacities since 2014; greenwashing risk indicator; SDG mapping; expertise on social and political issues such as human rights, peace and democracy.

ESG ratingsPortfolio reportsESG news dataGreenwashing risk indicatorSDG and thematic scoresZKB Tracker CertificateTraining

Corporate disclosures vs news sentiment

The Covalence approach is based on multiple sources of information and considers both the practices of companies and their impact on society and the environment, in the spirit of double materiality.

To produce ratings we compare ESG data publicly reported by companies (disclosure) to online narrative content reflecting the perception of stakeholders such as the media and NGOs (reputation).

This approach allows users to track inconsistencies, monitor changes, and benefit from timely alternative data. The information is delivered in an actionable format to support ESG risk exposure mitigation and long-term value creation.

The co-founders, Antoine Mach and Marc Rochat, firmly believe in the economic value of sustainability: a robust ESG rating reflects a company’s stakeholder trust and its ability to identify and manage relevant social and environmental issues. It is an indicator of corporate management quality, strategic vision, risk management and opportunity creation as well as brand positioning and overall resilience of the company’s business model: elements that are all positively perceived and valued by the markets.

Memberships

Awards and recognitions

Co-managed by Covalence's Antoine Mach, the CAS Sustainable Finance offered by Haute école de gestion de Genève received the prize for Best Pedagogical Innovation at the FIR-PRI Finance & Sustainability Awards 2019.
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