The London Stock Exchange Group (LSEG) has joined forces with ESG.AI, a Canadian-based environment, social and governance data tech company, to launch a next generation ESG analytics platform.
The partnership combines LSEG’s financial markets dataset with ESG.AI’s platforms, offering real-time ESG data capture, up-to-the-minute ESG scores, guidance for improvements, and impact estimation of ESG initiatives.
The aim is to meet the growing demand for accurate ESG reporting and comply with the upcoming European Union’s Corporate Sustainability Reporting Directive (CSRD) regulations.
Dr. Barnabas Acs, global solutions sales director, sustainable finance & investing, LSEG, called the platform “a game-changer for the industry. It will move it from an arduous box tick exercise to a truly executive led strategic activity, with real-time scenario planning and prioritisation.”
He also noted it would “add to the global wealth of data, bringing long-awaited scale to ESG data on-boarding, which is crucial for the next stage of the development of the industry.”
Nicholas Miller, CEO, ESG.AI, said, “Together, we will provide the most up to date, complete and accurate ESG data available along with the most impactful tools to visualise ESG data and maximise ESG performance
He added, “We believe that there is significant demand for this offering as organisations around the World look to report their ESG performance to stakeholders, and to meet the requirements of the upcoming EU CSRD regulations.”
Cornelia Andersson, sustainable finance and investment group leader, LSEG, said, “The delivery of transparent, robust ESG data is fundamental to the ESG industry.
This new platform will be a major step forward in the field of ESG reporting, combining LSEG’s expansive data set with ESG.AI’s innovative platform to provide and drive more comprehensive and verifiable ESG data on the market.”
ESG. AI’s platforms also actively generate much stronger ESG data for the wider market. It encourages companies to provide material data when they didn’t previously, maintain real-time feedback and justify their data through transparent formula-based scoring.
© Markets Media Europe 2023
