The industrial and international expansion of Datrix whose solutions of augmented analytycs e machine learning in the financial sector they are increasingly in demand. It also stands out in the area of sustainability, where the group offers data integration solutions to comprehensively assess the ESG factors of each company.
Platform customers WealthMapper by TietoEVRY they can see the environmental, social and governance (ESG) scores provided by FinScience, a fintech company of the Datrix group. The scores are broken down into the 17 United Nations Sustainable Development Goals. Visibility on financial portfolios allows investors to fully understand the sustainable impact of each decision. Massimo Broggi arrives at the helm of FinScience as the new Principal to better face even the new important international challenges.
Corporate ESG compliance is an increasingly important element in investor decisions today. This is the reason why the attention of the regulatory authorities of each country is being raised, in particular to address the problem of greenwashing, that is actions or self-declarations of some companies to convey a deceptively positive self-image in terms of sustainable impact, underlining any negative effects of their activities or products. Consob in Italy, for example, has decided to launch “a comparative analysis of the methodologies and criteria currently used to issue sustainability ratings, to prevent greenwashing to protect investors”.
It is with this perspective that the activity of Finscience of the group which, in the ESG field, collects not only the annual sustainability reports disseminated by individual companies, but also the information disseminated every day on the web by stakeholders, i.e. by all those who are involved as customers, suppliers, employees, communities of reference and have an interest in business operations. The extracted data is analyzed and compared thanks to the proprietary and sophisticated artificial intelligence technology to provide accurate ESG scores that represent a real and non-static picture of the “sustainable” performance of each company. These scores are provided by FinScience along with industry averages and global averages.
For the distribution of its ESG assessments in Northern Europe, a geographic area historically advanced on sustainability issues, FinScience has entered into a partnership with TietoEvry, financial software development group listed on NASDAQ in Helsinki and Stockholm, with an annual turnover of approximately 3 billion euros.
The agreement allows users of the platform WealthMapper by TietoEVRY to consult the ESG scores prepared by FinScience associated with each listed security and to be able to evaluate with greater awareness and completeness the environmental, governance and social effects to which their assets could be exposed.