Truvalue Labs to Launch Coronavirus ESG Monitor
The dashboard, which goes live later this week, is a free online resource that includes tracking how the pandemic is affecting ESG factors.
On April 9, Truvalue Labs will launch a webpage featuring new datasets and a dashboard built specifically for tracking Covid-19 signals. It will provide information logging the impact of the coronavirus across sectors, industries, and regions, as well as on the 26 sustainability categories laid out by the Sustainability Accounting Standards Board (SASB), according to a report sent to Truvalue Labs customers last week. Once live, the site will be free to the public and updated weekly.
Dubbed the Coronavirus ESG Monitor, the dashboard will track discussions of the coronavirus and it will examine the impact of environmental, social, and governance (ESG) issues for companies covered by Truevalue Labs, which include more than 16,000 public and privately held businesses. The ESG data and analytics provider has also created five Covid-19 sub-signals covering social impact, labor, supply chain, response, and economic factors.
“The first three signals do overlap with SASB’s categories but are tuned specifically to capture Covid-19 implications and/or situations. The response signal captures companies shifting focus—for example, changing production to relevant products such as ventilators or vaccines. The economy signal detects information relevant to the broader, global economic situation and outlook,” the report says.
Sentiment will be scored on a scale of -20 (most negative) to 20 (most positive) with 0 as the neutral point.
The coronavirus has begun to change ESG dramatically as investors and other stakeholders re-think their concepts of what is material, or directly impactful, Thomas Kuh, head of index at Truvalue Labs, tells WatersTechnology. Issues such as labor practices and employee health, safety, and benefits are critical to most—if not all—businesses. The explosion of unstructured data regarding those topics—coronavirus-related content represents 73% of all ESG information being captured by Truvalue Labs daily right now—is more than any human analyst can manage.
In January, the firm coined the term “dynamic materiality,” a patent-pending concept indicating that every company, industry, and sector has a unique materiality signature that evolves over time based on factors like emerging technologies and new regulations.
“It’s pretty clear what issues matter. They do change, and it’s important to track them as they change, and that’s really what dynamic materiality is about,” Kuh says. “I think one of the things we’ll find out as we come out of this crisis is which companies in fact are committed, from a management perspective, to making long-term decisions.”
Further reading
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Data Management
Removal of Chevron spells t-r-o-u-b-l-e for the C-A-T
Citadel Securities and the American Securities Association are suing the SEC to limit the Consolidated Audit Trail, and their case may be aided by the removal of a key piece of the agency’s legislative power earlier this year.
Chief data officers must ‘get it done’—but differ on what that means
Voice of the CDO: After years of focus on data quality, governance, and compliance, CDOs are now tasked with supporting the business in generating alpha and driving value. How can firms put a value on the CDO role?
In a world of data-cost overruns, inventory systems are a rising necessity
The IMD Wrap: Max says that to avoid cost controls, demonstrate the value of market data spend.
S&P debuts GenAI ‘Document Intelligence’ for Capital IQ
The new tool provides summaries of lengthy text-based documents such as filings and earnings transcripts and allows users to query the documents with a ChatGPT-style interface.
As NYSE moves toward overnight trading, can one ATS keep its lead?
An innovative approach to market data has helped Blue Ocean ATS become a back-end success story. But now it must contend with industry giants angling to take a piece of its pie.
AI set to overhaul market data landscape by 2029, new study finds
A new report by Burton-Taylor says the intersection of advanced AI and market data has big implications for analytics, delivery, licensing, and more.
New Bloomberg study finds demand for election-related alt data
In a survey conducted with Coalition Greenwich, the data giant revealed a strong desire among asset managers, economists and analysts for more alternative data from the burgeoning prediction markets.
Waters Rankings 2024 winner’s interview: S&P Global Market Intelligence
S&P Global Market Intelligence won two categories in this year’s Waters Rankings: Best reporting system provider and Best enterprise data management system provider.