Refinitiv, a provider of financial markets data and infrastructure that has served more than 40,000 institutions in over 190 countries, recently announced the rollout of MarketPsych ESG Analytics, a new analytics tool to provide numerical ESG insights on companies and countries based on news and social media monitoring. Refinitiv reported that in order to monitor perceptions of sustainability and ESG risk, it and MarketPsych have partnered to create a multidimensional ESG analytics offering.
“Refinitiv MarketPsych ESG Analytics complements Refinitiv’s existing ESG data by offering an external “outside-in” perspective on a company or country’s sustainability by processing millions of global articles and social media posts in near real-time.”
Refinitiv then revealed that the MarketPsych ESG Analytics may be used in a host of applications and quantitative investors may deploy the data to enhance alpha generation and risk management. While speaking about the rollout, Leon Saunders Calvert, Head of Research & Portfolio Management, Refinitiv, stated:
“Refinitiv MarketPsych ESG Analytics augments Refinitiv’s ESG company disclosed data with sophisticated AI tools to create high frequency sentiment data on ESG considerations based on news and social media. This is a fantastic and timely extension of our long-standing partnership with MarketPsych and we look forward to bringing this to market to add yet more value to our sustainable finance portfolio of services.”
Richard Peterson, CEO, MarketPsych, then concluded:
“Through the lens of this data, our clients can explore how media perceptions and corporate behavior impact business performance over time. For example, we’ve found that the share prices of companies with higher Workplace Sentiment scores significantly outperform their peers, and it appears that happier employees generate more value for shareholders. We hope that such insights inspire positive changes in corporate structure and behavior.”