Orenda Software Solutions is partnering with SIX group to deliver leading ESG data to financial markets
Orenda announced that it has signed a redistribution agreement with SIX to deliver its innovative Environmental, Social and Governance (ESG) data as of to financial markets.
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Orenda’s leading ESG datasets, as well as its research in ethical investing is a powerful resource to ensure valuable insights and actionable ESG data. It is delivered directly to investors and asset managers, giving them a competitive edge and the ability to make timely ESG-based decisions.
Many investors have struggled with poor ESG data coverage, inconsistent metrics, and data gaps. Orenda’s technology elevates ESG investing and asset management by bypassing voluntary company disclosures and sourcing its ESG data directly from social media. In 2015, Orenda identified social media as a valuable source of ESG data due to its massive size, instant updates and wide range of Global content.
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John McManus, Global Head of Sales and Partners, Financial Information, SIX, said, “The rising investor demand for ethical investing has made alternative data increasingly important. Our partnership advances the next frontier of ESG data delivery and enables us to expand our offerings. ESG data is the next step in research analysis and deeper investment insights for our customers.”
Tanya Seajay, CEO of Orenda Software Solutions, said, “Corporations are being tested every day when it comes to their actions and how it aligns with what society values. Transparency and validation of those actions is crucial in a digitally empowered and purpose-driven world. SIX has a deep understanding and valuable expertise in how a corporation’s actions impact financial markets, and we are excited to augment our abilities and bring our products to clients of SIX.”
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