Solactive Partners with ESG Provider to Launch AI-driven ESG Indices

Media Coverage February 13, 2019

Full article available on Investment Europe
By Ridhima Sharma

Summary 

Solactive AG will collaborate with San Francisco-based AI company Truvalue Labs, intensifying efforts to meet a significant increase in client demand for ESG indices.

“We are looking for innovative ways to uncover insights from ESG data”, says Steffen Scheuble, CEO of Solactive. “Quality and timeliness in ESG data are high priorities for investors. As a company that puts substantial research into Machine Learning and Natural Language Processing, we are very confident that we have found an ally in Truvalue Labs, which also has Artificial Intelligence as its core competency.”

Truvalue Labs sources and analyses information differently than other ESG data firms through its use ofartificial intelligence and machine learning. The firm parses unstructured data from more than 100,000 sources compiling an independent perspective on company ESG performance instead of relying on company disclosures.

Hendrik Bartel, CEO and Co-founder of Truvalue Labs, states: “As more investors increasingly integrate ESG into their investment processes, it is our mission to provide signals that are timely and sourced from transparent data. With Solactive, we are pleased to find a partner that shares our values and vision with respect to AI and ESG. We look forward to working closely to bring new innovative indices to market.”