TruValue Labs, the leading provider of real-time sustainability and environmental, social, and governance (ESG) data, today announced that it has signed a data provider agreement with the Sustainability Accounting Standards Board (SASB).
SASB is a non-profit organization that develops industry-specific standards for use in disclosing material sustainability information in mandatory filings to the SEC. To date, more than 2,800 contributors representing $23.4 Trillion in assets under management and $11 Trillion in market capital have participated in SASB’s multi-stakeholder industry working groups to inform standards development.
As part of the agreement, the SASB research team now has access to real-time sustainability data through Insight360, the only solution capable of providing ESG data at the speed of current events.
“We are delighted to have come to a data partnership agreement and engage with SASB at this level,” said Hendrik Bartel, co-founder and CEO of TruValue Labs. “ESG data is an important element in understanding a more complete picture of corporate performance, and we want the SASB team to be able to leverage our platform’s unique ability to track ESG trend lines in real-time. It’s only natural to offer the SASB research team the use of our technology; we fully support SASB’s efforts and are naturally aligned with their mission to establish sustainability standards that help public corporations disclose material and decision-useful information to investors.”
“Likewise,” continued Bartel, “By leveraging the incredible work they’ve done in determining the sustainability factors likely to constitute material information across industries, we will be able to further enhance the unique and compelling set of data provided by Insight360, our real-time ESG analytics platform.”
“This partnership with TruValue Labs is a natural fit for SASB,” stated Eli Reisman, SASB Product Manager. “SASB’s framework provides a unique view of the industry-specific sustainability topics that are likely to constitute material information for investors. Integrating SASB standards into Insight360 will enable investors to zero in on trends related to these topics in real time.”
SASB researchers have now been provided access to the data by Insight360, which will be used as an input to help determine sustainability factors affecting companies across 80+ industries.
About SASB
The Sustainability Accounting Standards Board™ (SASB™) is an independent 501(c)3 organization that develops industry-specific standards for use in disclosing material sustainability information in mandatory filings to the Securities and Exchange Commission. Michael R. Bloomberg, founder of Bloomberg LP, and Mary Schapiro, former SEC chairman, serve as chair and vice chair (respectively) of SASB’s Board of Directors, and Dr. Jean Rogers serves as SASB\’s founder and CEO. More information at www.sasb.org
To date, more than 2,800 individuals representing $23.4 Trillion in assets under management and $11.0 Trillion in market capitalization have participated in SASB’s multi-stakeholder industry working groups to inform standards development.
About TruValue Labs
Headquartered in San Francisco, TruValue Labs is a technology company leveraging advances in natural language processing, cognitive computing, and machine learning to provide actionable insights. Our products analyze big data in real-time, providing analytics from sustainability and Environmental, Social, and Corporate Governance (ESG) issues at the speed of current events – essential information for successful business and investment decision-making.
As the importance of sustainability issues in underlying value become increasingly apparent, TruValue Labs provides solutions to identify material data for researchers, analysts, portfolio managers, and consumers to help understand company performance.
Contact:
Isaac Khurgel, Head of Marketing & Communications, TruValue Labs
Phone (415) 347-8144
