Risk Insights, a prominent Environmental, Social, and Governance (ESG) data provider in Africa, has unveiled Environmental data for six major African exchanges, including the Nairobi Securities Exchange (NSE).
The South African firm has introduced a ground-breaking artificial intelligence (AI) ESG rating tool known as the ESG GPS, marking a significant step toward the incorporation of ESG principles into disclosure practices.
The NSE Chief Executive Officer, Geoffrey Odundo, expressed satisfaction with the increasing trend of ESG reporting among listed companies, emphasizing the growing prominence of sustainability.
The integration of ESG data with AI in capital markets signifies a noteworthy and evolving trend, with ESG factors gaining significance for investors seeking sustainable and socially responsible investments.
Chief Executive Officer of Risk Insights, Andrey Bogdanov, highlighted the company’s objective of providing asset managers, investors, and other market participants with comprehensive ESG insights through the ESG
GPS tool with the aim, to empower market players to meet the rising demand for holistic ESG considerations in their investment strategies.
In a notable move, Risk Insights launched the first AI-powered ESG rating tool in Africa in 2020 – ESG GPS™ tailored for the African context. This stands out by ensuring the balanced application of global ESG standards to local realities.
The tool has successfully rated all listed companies on major African exchanges, bringing a new level of transparency to ESG performance. Several ESG products have been introduced by Risk Insights, including ESG GPS X-Ray, ESG GPS Ratings Watch, and A-Cubed, reflecting the company’s commitment to providing a suite of tools for in-depth ESG analysis.
As a member of the World Economic Forum New Champions and the founder of the World Economic Forum New Champions South Africa Local Chapter, Risk Insights continues to play a pivotal role in advancing ESG initiatives on a global scale.
The development and deployment of the ESG GPS tool underscore Risk Insights’ dedication to fostering sustainable practices and responsible investments across African capital markets.
As the importance of ESG considerations continues to grow, the integration of advanced technology like AI enhances the ability of market participants to make informed decisions aligned with global sustainability standards.
