IT services, consulting, and business solutions provider Tata Consultancy Services (TCS) announced the launch of its ESG Integration Solution, aimed at providing investment managers with capabilities to accurately measure the impact of ESG factors in their investment analysis.
Launched on the Amazon Web Services (AWS) platform, the solution includes a data acquisition and analytics framework utilizing AI and machine learning algorithms, and a custom ESG scoring model, with capabilities to add, remove and assign criticality to specific indicators, consume data from external providers, and leverage data from leading ESG data providers.
According to TCS, the new solution aims to address one of the key data impediments faced by investment managers, enabling them to quickly and easily procure non-financial data from leading data providers, and create a portfolio of leading ESG performers.
K Krithivasan, Business Group Head, Banking, Financial Services, and Insurance, TCS, said:
“By providing an integrated 360-degree vision of the ESG performance of companies and insight into the real-world impact of investments in terms of the United Nations’ Sustainable Development Goals, asset managers are afforded the transparency today and flexibility tomorrow to adapt to future changes to create differentiated investment products, services and customer experiences.”