VANCOUVER, British Columbia — ESG Data Services Inc (“ESG Analytics”), today announced the release of ESG Analytics, a next generation AI powered ESG data, analytics and research platform. ESG Analytics is a web-based solution and API that uses broad-based alternative data sources and artificial Intelligence (AI) to uncover risks and opportunities in the environmental, social and governance (ESG) practices of countries, companies and ETFs. ESG Analytics’s continuously updating big data platform allows 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.
As a team of highly experienced finance and technology professionals, the technology behind ESG Analytics was developed out of frustration with the existing status quo in the market. It has been in stealth mode development for the past year and the team is excited to finally bring their innovative solution to market.
“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 This is further impacted by slow or delayed analysis, outdated data sources, low-quality self assessed data and inherent biases, all of which impact investor decision making negatively.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.” said Qayyum Rajan, CEO of ESG Analytics.
ESG analysis today is reliant on company disclosures. By going outside of these traditional means, and looking at alternative data using tools such as Natural Language Processing (NLP), it is possible to understand things differently, and paint a different profile of entities that exist today.
“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.” said Patrick Audley, CTO of ESG Analytics.
ESG Analytics AI-driven approach allows for users of the software to:
● Compare and contrast 80+ ESG indicators for over 193 countries
● Analyze negative and positive screens for companies globally
● Use AI to sift through the universe of unstructured media to determine potential ESG risks and opportunities for over 60,000 companies across 22 different stock exchanges
● Aggregate and view screens and AI flags for 1200 ETFs globally
The platform is available today at esganalytics.io
About ESG Analytics
ESG Analytics was founded in 2020 and is an alternative data provider that creates and tracks non-traditional sources to measure how companies, countries and investment funds are implementing environmental, social and governance practices.
The company is based in Vancouver, British Columbia.