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TruValue Labs Expands ESG Monitoring to NYSE and NASDAQ
July 24, 2015
Information technology company TruValue Labs has announced a major update to Insight360, a technology-based platform offering real-time environmental, social, and governance (ESG) and sustainability data.
The new release allows the tool to substantially increased its coverage, from the 500 largest companies to now over 5,000 publicly traded companies in the United States, representing all companies that are traded on the NYSE and NASDAQ exchanges.
As part of this major Insight360 release, a flexible platform was developed to allow parallel data ingestion processes to operate simultaneously, the company says, providing an exponential increase in the number of data sources being able to be used as inputs. This now includes data sources that are primarily quantitative, which are being used as data inputs in both the 'governance' and environmental sustainability' categories, displayed within a new company view page.
The new platform was developed in a way that also allows it to capture historical data for the newly covered companies, while also making it possible going forward to continuously add both newly available and backdated data as required.
There has been an evolution of measurement and disclosure principles for purposes of ESG performance rankings — including the question of driving more transparency — in an effort to help companies trying to understand the complex ESG research and ratings landscape.
In 2014, sustainability-oriented assets under management eclipsed $20 trillion, according to the Global Sustainable Investment Alliance. These investments are shaped by a growing market for sustainability research and ratings from more than 100 organizations covering more than 50,000 companies on approximately 10,000 performance metrics.
Earlier this year, the Global Initiative for Sustainability Ratings (GISR) launched its Center for Ratings Excellence (CORE) Program, which was designed to accelerate the integration of environmental, social and governance (ESG) factors into the global financial markets. The program was developed with the support of leading ESG ratings and research firms, including CDP and Vigeo, whose products will represent the first entries in CORE’s online ratings Hub.
By visiting this database, investors, companies and consumers will be able to search for and compare among hundreds of sustainability ratings products, GISR says.