London-based fintech company Util announced today the launch of a new sustainability analytics platform, revealing the social and environmental impact of companies against the UN Sustainability Development Goals (SDGs).
The UN SDGs refer to the 17 categories of goals adopted as part of the 2030 Agenda for Sustainable Development, adopted by world leaders at the United Nations Sustainable Development Summit in September 2015, with the aim to protect the planet and improve the quality of life globally. SDG targets include ending poverty and hunger, improving education, and protecting the environment.
With the new portal, Util aims to enable users to explore and compare the impact of almost 50,000 listed companies, allowing investors to screen investments and generate tailored portfolio reports. The platform applies machine learning to peer-reviewed texts, identifying the relationships between products and services and the 17 SDGs and 169 sub-targets, aggregating results to a revenue and geographically-adjusted company level to reveal positive and negative outcomes to sustainability outcomes.
Key features of the platform include the ability to assess company impact on SDGs, identify companies that meet specific SDG criteria, and generate reports on portfolio performance against the SDGs.
Util CEO Patrick Wood Uribe said:
“Our analytics platform offers a clear route to measuring and understanding the real impact of every listed company. While ESG and sustainability are on the radar of most investors, there’s still a dearth of nuanced impact data, at scale. Our portal provides a solution, allowing users to discover and compare the SDG impact of almost 50,000 companies and their underlying products and services. Having the means to screen any listed equity universe, existing portfolio, or individual company will empower investors to better anticipate and direct their social and environmental impact.”
Util is offering users two weeks of free access to explore the platform.