Accenture Makes Strategic Investment in Arabesque S-Ray
Global professional services firm Accenture announced today that it has made a strategic investment in ESG data platform Arabesque S-Ray, through its venture arm Accenture Ventures.
Under the terms of the deal, Accenture will gain full access to Arabesque S-Ray solutions and analysis of transparent, non-financial and sustainability performance metrics to enhance its own sustainability services and analytics capabilities.
Peter Lacy, chief responsibility officer and global Sustainability Services lead at Accenture, said:
“Sustainability transformation must be both technology-driven and linked to value to be successful. Creating shareholder value, while also tackling some of the world’s greatest challenges, requires rewiring the global economy with new levels of data, insights and action. We are pleased to expand our relationship with Arabesque S-Ray to help our clients lead with better decision making, more informed investment prioritization, and accelerated realization of overall business value from their sustainability efforts, goals and ambitions.”
Arabesque S-Ray is part of sustainable finance technology provider Arabesque. S-Ray focuses on advisory and data solutions by combining big data and ESG metrics to assess the performance and sustainability of companies worldwide, with offerings ranging from ESG scores, to portfolio screening tools, in depth company analysis and bespoke ESG solutions. The platform utilizes big data and machine learning models to draw on more than four million ESG data points daily from over 30,000 sources to drive key sustainability insights.
Accenture stated that it has previously leveraged Arabesque S-Ray data and analytics to offer clients insights that help them both serve society and manage environmental impact in their communities, while also achieving better financial performance and growth. With the new agreement, Accenture will further enable Arabesque S-Ray by supporting its data and processing capabilities, and the companies will also develop new tools and methods for capturing, analyzing and reporting ESG data.
Dr. Daniel Klier, incoming CEO of Arabesque S-Ray, said:
“The demand for access to and analysis of ESG data has only been increasing. We’re excited to expand our working relationship with Accenture, and offer more companies around the world the ability to gain insights into their sustainability efforts and drive real success together.”