Do you know your sustainable finance disclosure regulations from your green taxonomies from your climate related financial disclosures?
No? Well you aren't alone, and there is a growing data industry looking to help.
Sustainable performance data is big business. The ESG data market reached $1 billion in 2021, up from $617 million in 2019 and is expected to grow annually by 20%. In 2021, 60% of ESG data spending was in Europe, with another 33% in North America and 7% in Asia.[1]
Client feedback suggests that ESG data solutions are focussed on publicly available performance data, and are often missing critical information. They are also unaligned to the emerging regulatory regimes that governments are pursuing, and use unclear scoring methodologies. These gaps create opportunities for Primacy’s regulatory data to bring more meaning and utility to the existing data landscape.
Using OPTML we create global libraries of ESG regulations in a common, machine-readable format. By making ESG regulation into a vast dataset, our technology enables our partners and customers to build new tools to manage ESG reporting and due diligence, and use machine learning and artificial intelligence techniques to gain greater insights into ESG performance.
Converting regulations into OPTML allows us to create huge datasets of regulatory information much faster than current methods. We also have no code tools to convert client documents, like policies and contracts, into machine readable format, so customers can combine their own standards with global regulations.
We combine our ESG regulatory data with ESG performance data from partners and customers to build solutions that deliver standardised and regulation backed reports and scoring. Because our solutions are driven by regulation, they help clients stay on top of their regulatory obligations, and capture the ESG investment opportunity.
If you are interested in hearing more about how our regulatory libraries can help you with your ESG reporting and data challenges, contact us now.
Primacy: Closing the gap between legislation and business
[1] https://www.pionline.com/esg/esg-data-market-poised-hit-1-billion-2021-report
