LONDON, Sept. 30, 2020 /PRNewswire/ -- alva, the
Connected Intelligence company, has launched its Environmental,
Social and Governance (ESG) solution, ESG Intelligence,
providing unparalleled insights for companies grappling with the
new post-COVID dynamics of stakeholder capitalism.
Sustainability and ethical issues have never had a greater
impact on corporations – thanks to COVID-19 and Black Lives Matter
creating a chaotic environment for businesses, alongside
longstanding concerns around everything from palm oil and carbon
footprints to workers' rights and executive pay.
By proactively monitoring their ESG profile, companies can
quickly identify emerging risks before they become material, while
also capitalising on their own positions around specific issues in
which they may be seen to be a leader.
Through the daily analysis of millions of pieces of print,
online, broadcast and social media content – including regulatory
disclosures and NGO communications – using the market-leading alva
ESG score™, alva provides real-time benchmarking of over 2,000
companies' ESG scores, all indexed against the Sustainability
Accounting Standards Board (SASB) standard taxonomy.
ESG performance is a growing element of consideration in company
valuations, but performance is generally based on voluntary company
self-disclosure and mandatory company disclosures - such as with
schemes including the UN's Sustainable Development Goals. The new
alva solution provides objective, reliable scoring to assess how
different stakeholders perceive a company's ESG credentials.
alva's new service will initially be focused on in-depth
analysis reporting, with an intention that the proposition will
grow into a full suite of reports, newsletters, platforms
and real-time reporting in coming months.
Alberto Lopez Valenzuela,
Co-founder and CEO, alva, said:
"Events over the past 18 months – be they the corporate response
to COVID, the climate change agenda, or the Black Lives Matter
movement – have only served to reinforce the need for companies to
adapt to the new dynamics of stakeholder capitalism. Since founding
alva, our ambition has been to provide intelligence that drives
economic and societal value. ESG Intelligence is a natural
articulation of our founding philosophy.
"The appetite for ESG intelligence is in a similar place to
where reputation was 10 years ago – the concept is valued and
broadly understood, but its link to tangible outcomes is often
lacking, meaning its full potential is undermined. But things are
changing – BP's decision to write down its assets by up to
$17.5B as it seeks to reduce carbon
emissions is just one sign that companies are now realising that
they need to start walking the walk. What blue chip firms and ESG
investors alike need is a robust, transparent and comprehensive
approach to measuring and reporting on ESG."
PR Contact:
Matt Cartmell
Carta Communications
+44 (0)7930485333
matt.cartmell@cartacomms.com
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SOURCE alva