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Alternative Market Briefing

ESG innovation measures environmental and social impact at product level

Friday, February 05, 2021

Laxman Pai, Opalesque Asia:

Richmond Global Sciences (RGS) today launched RIFT - Real Impact in Financial Terms - the first-ever assessment of environmental and social impact at the product level, aligning with the pioneering work of the Impact Weight Accounts Initiative.

"The future of ESG data is quantitative and the transition starts today. This is a first in the #ESG space," claims the technology company creating a suite of tools for investors that make decisions on how to allocate capital.

RGS uses science to develop management tools for better decision making in the ESG space. RGS said that it is enabling the transition to ESG 2.0 by moving beyond traditional ESG data to provide the first-ever financial assessment of environmental and social impact at the product level.

"We prize outcomes over intentions and are focused on outcome metrics over company policies and disclosures. We collect and quality check a variety of data sources to provide consistent, transparent, and sector-specific data on product impacts," said a statement from the company.

"As a data provider, we are driven to fill the gaps in ESG data so that our users can better understand the risks and benefits of their investments," it added.

"Our foundation is a scientific, rigorous approach to merging the worlds of sustainability and data science, bringing together experts in ESG investing with technology leaders versed in the worlds of AI and machine learning. We are motivated by th......................

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