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Insightia module enables customers to measure climate performance and set actionable targets by benchmarking ESG scores from Clarity AI, including scope 1-3 emissions data, against the wider market
Diligent has partnered with sustainability tech provider Clarity AI to launch its ESG module, giving organizations and investors greater transparency into ESG scores and how a company’s climate data measures against the wider market. The module is available within Insightia One, Diligent’s market intelligence platform, and can be leveraged together with Insightia’s additional shareholder engagement and governance data solutions.
“Pressure is mounting on organizations to enhance their ESG disclosures, with twenty-six environmental and social proposals winning majority support at S&P 500 companies in 2022, compared to eighteen in 2020,” said Amanda Carty, Managing Director of ESG & Data Intelligence at Diligent. “Consequently, we’ve heard from our customers that being able to compare climate posture to their peers is becoming increasingly valuable. Diligent’s ESG module in Insightia One equips organizations with crucial insights into how their climate efforts measure against industry averages — and as a result, how shareholders, investors and customers are perceiving their treatment of ESG as both a risk and an opportunity.”
See related article: Diligent Showcase Launches to Connect Customers with Services to Enhances Their GRC and ESG Programs
Using the ESG module, organizations can optimize shareholder engagement by having access to many of the same metrics and scores investors use in their investment strategy. Diligent offers ESG scores for over 15,000 organizations worldwide, calculated using Clarity AI’s proprietary methodology based on data from public disclosures and 30+ external data partners.
Scores integrate three types of data:
- Quantitative data — Measurable data including scope 1, 2 and 3 greenhouse gas emissions.
- Policies — Qualitative data such as company climate frameworks and targets.
- Controversies — Data collected from over 100,000 news articles daily to account for controversies measured against 39 business-relevant categories.
“Incorporating ESG metrics into investment and corporate strategy can provide a number of benefits, including risk mitigation, opportunity identification, and stakeholder engagement. Having access to transparent, accurate, and reliable data is a crucial step to future-proof businesses,” said Carmen Boulet, Strategy Director at Clarity AI. “We’re thrilled to partner with Diligent, a leader in GRC software, to bring Clarity AI’s market-leading ESG scores to its customers.”