A firm’s ESG ratings have become increasingly important to investors and shareholders and achieving an accurate understanding of those ratings has become quite complex and time-consuming.
In order to assist firms with better understanding and monitoring their ESG ratings, Broadridge Financial Solutions (NYSE: BR), an international Fintech platform, has introduced the Broadridge ESG Performance Dashboard.
This dashboard offers firms with a single, streamlined consensus view of their ESG ratings and rankings “based upon hundreds of sources, enabling them to better monitor and understand the factors that drive their ESG performance.”
The announcement further explained that with the Broadridge ESG Performance Dashboard, a single web-based solution, firms are able to “pinpoint where they currently stand, determine how they can improve their ESG ratings and gain insight into their performance across environmental, community, employee, and governance issues.”
Dorothy Flynn, President of Broadridge Corporate Issuer Solutions, stated:
“The Broadridge ESG Dashboard enables companies to reduce the noise and concentrate on the key issues and data to better understand where they stand and how to better focus their efforts. With asset managers increasingly focused on ESG-issues, companies need an easy tool that allows them to see through the clutter.”
ESG Style Company “Credit Report”
Firms may access their composite score on a “complimentary basis.” A more in-depth or detailed offering is “available which includes exporting up to five years of history and tracking trends across every sub-category for offline analysis and reporting,” the announcement noted.
In the same way a credit report offers actionable insight to consumers, details included in the ESG Performance Dashboard can “help corporations gain awareness on who is rating them, compare those ratings with peers and identify where they can improve perceptions.”
The update further noted that a more comprehensive disclosures from firms “help build a more robust ESG ecosystem that better supports investment decisions, portfolio construction, supply-chain management and human resources.”
As noted in a release, Broadridge “sits at the intersection of investors and companies which allows us to provide our clients with particularly salient insights on how to create and evolve their sustainability program so that they can successfully inform investors while also engaging employees and other stakeholders in their ESG vision.”
Broadridge is well-positioned to understand the requirements of issuers and shareholders to “help create more informed investors and educated clients.”
The Broadridge ESG Performance Dashboard is based on a proprietary algorithm that “converts over 300 million data points into a single number and is powered by the independent leader in ESG ratings, CSRHub LLC.”
The extensive data repository has 807 sources, “including SRI/ESG analysis firms, government databases, publications and research reports, covering over 26,000 companies across 148 countries.” The update also noted that the Dashboard is now available in the US and Canada.
As previously reported, Broadridge Financial Solutions is a global Fintech with $5 billion in revenues. It offers the critical infrastructure that supports investing, corporate governance, and communications to enable better financial lives.
The company delivers tech-powered solutions that enable business transformation for banking institutions, broker-dealers, asset and wealth managers and public firms. Broadridge’s infrastructure “serves as a global communications hub enabling corporate governance by linking thousands of public companies and mutual funds to tens of millions of individual and institutional investors around the world.”
Their tech and operations platforms “underpin the daily trading of more than $9 trillion of equities, fixed income and other securities globally.”