[1] In 2001, Covalence SA was founded by six shareholders including Ngenda Kigaraba, Antoine Mach, Marc Rochat, Jean-Felix Savary and Steven Street.
[1][5] Covalence EthicalQuote is one of the founding members of Swiss Sustainable Finance (SFF), a partnership with the Federal Department of Economic Affairs, Education and Research.
It aggregates thousands of documents extracted from diverse sources and classified according to 50 sustainability criteria inspired by the Global Reporting Initiative.
Research sponsored by the Journal of Business Ethics states there is an equity valuation effect of press releases of upgrades or downgrades reflected in the CEQ .
[8] A desire to look at industries that have "a heavy impact on culture and the way people think” inspired a collaboration in reporting by Covalence SA, Ethical Investment Research Service (EIRIS) and the WWF.