Toronto, ON, September 10, 2020 – Orenda announced that it has signed a redistribution agreement with SIX to deliver its innovative Environmental, Social and Governance (ESG) data as of today to financial markets.
Orenda’s leading ESG datasets, as well as its research in ethical investing is a powerful resource to ensure valuable insights and actionable ESG data. It is delivered directly to investors and asset managers, giving them a competitive edge and the ability to make timely ESG-based decisions.
Many investors have struggled with poor ESG data coverage, inconsistent metrics, and data gaps. Orenda’s technology elevates ESG investing and asset management by bypassing voluntary company disclosures and sourcing its ESG data directly from social media. In 2015, Orenda identified social media as a valuable source of ESG data due to its massive size, instant updates and wide range of Global content.
John McManus, Global Head of Sales and Partners, Financial Information, SIX, said “the rising investor demand for ethical investing has made alternative data increasingly important. Our partnership advances the next frontier of ESG data delivery and enables us to expand our offerings. ESG data is the next step in research analysis and deeper investment insights for our customers.”
Tanya Seajay, CEO of Orenda Software Solutions, said “corporations are being tested every day when it comes to their actions and how it aligns with what society values. Transparency and validation of those actions is crucial in a digitally empowered and purpose-driven world. SIX has a deep understanding and valuable expertise in how a corporation’s actions impact financial markets, and we are excited to augment our abilities and bring our products to clients of SIX.”
The Orenda framework is based on decades of social science that validates social alignment. The technology is designed to remove noise, confirm company claims, and provide a constant and reliable score tailor-made for easy integration into multi-factor models. Customers benefit from high-frequency ESG scores for unparalleled insight into a company’s reputation and measurement of sustainability and societal impact of an investment.
About Orenda Software Solutions
Orenda Software Solutions, founded in 2015, is an AI–powered platform that analyzes and quantifies social media data to clearly communicate public perception of an organization’s reputation, as well as its social values and commitments to global good. Orenda’s mission is to provide insights, quantify public opinion, and identify the values that resonate with customers, stakeholders, and investors. Orenda’s metrics give the financial community the power to make informed decisions based on real-time information. For more information, visit www.orendasolutions.com or send an email to firstname.lastname@example.org.