GaiaLens has launched a new ESG scoring analytics platform for portfolios and stocks.
GaiaLens’ ESG analytics platform collects and scores unstructured, third-party data as well as more traditional self-reported data across all key ESG factors. The platform assists asset owners, asset managers, and pension trustees in filling ESG data gaps and testing self-certified ESG claims made by publicly traded companies.
According to research from GaiaLens, less than 10 per cent of public companies are currently providing key social and governance data required for ESG disclosure, such as statistics on gender and ethnic diversity representation on their boards of directors.
GaiaLens says it has ESG data for approximately 16,000 publicly traded companies and that all data is compiled, measured for consistency and transparency, and scored equally across the ESG pillars in real-time.
GaiaLens also collects and aggregates data from several non-governmental organisations (NGOs), popular employee review websites, court records, and other sources. It focuses on locating and assigning a consistent value to data from multiple trusted sources.
GaiaLens co-founder and head of ESG Technology Gordon Tveito-Duncan says: “As we get closer to EU taxonomy deadline for reporting there will be a growing realisation that asset owners, asset managers and pension trustees do not have all the information they need to accurately assess firms’ ESG performance. As well as asking these firms to supply key ESG data they may also want to strengthen their scrutiny by accessing verifiable third party data.”
Tveito-Duncan added: “You cannot change what you cannot measure. There are two key elements in enabling ESG performance measurement: being able to access the fullest possible amount of data in real-time and using the latest technology to analyse and score that data in a highly reliable, consistent and systematic way. That’s what GaiaLens does to help make ESG performance measurement easier for investors.”