Alternative data provider ESG Data Services Inc (ESG Analytics), announced today the launch of ESG Analytics, its AI powered ESG data, analytics and research platform. The new big data platform aims to enable researchers, analysts, funds and companies to get new and timely insights as they integrate ESG as part of the investment management process and company decision making.
According to the company, the new platform was developed to address a significant gap in the market for consistent, high-quality and objective ESG data. While most current solutions rely primarily on company disclosures, the ESG Analytics platform uses broad-based alternative data sources and artificial Intelligence (AI) to uncover risks and opportunities in the ESG practices of countries, companies and ETFs.
Qayyum Rajan, CEO of ESG Analytics, said:
“The environment for ESG could not be at a bigger transition time in history. We are at the crossroads of 3 major trends – ESG, AI and Alternative Data. Providers of ESG data today continue to have abysmal coverage of the investable universe, with most covering less than 10,000 companies. This is further impacted by slow or delayed analysis, outdated data sources, low-quality self assessed data and inherent biases, all of which impact investor decision making negatively. We believe investors need to look at the problem differently; it’s not enough to say that a company is ESG because it is in a certain industry, or that a fund is sustainable because it has ESG in its name. That’s why we built our system from scratch, enabling the next frontier of ESG analysis.”
Using the new platform, investors will be able to compare and contrast more than 80 ESG indicators for over 193 countries, determine potential ESG risks and opportunities for over 60,000 companies across 22 different stock exchanges, and aggregate and view screens and AI flags for 1,200 ETFs globally.
Patrick Audley, CTO of ESG Analytics, said:
“ESG Analytics opens up a world of deep and meaningful analysis for the investors looking beyond the surface details everyone else uses. By tuning the model based on what the individual investor is passionate about, they are creating the possibility of uniquely aligned investment portfolios that truly empower investors to impact the global market in ways they care about.”
The company stated that the platform is available today at esganalytics.io