Use this button to switch between dark and light mode.

How to Improve Your ESG Intelligence with Nexis DaaS

July 19, 2021

In another blog post, we defined what an environmental, social, and governance (ESG) score is and the importance of understanding all the factors that are used in its calculation. A key takeaway from that blog post—which can be read here —is that ESG scores are increasingly being taken into consideration by external and internal stakeholders for financial loan approvals, mergers and acquisitions, and all kinds of business opportunities.

So, the more you understand how certain factors and decisions impact your own ESG score, the better. That’s why many companies are adopting ESG intelligence tools; they want to assess how well they’re performing on a number of ESG issues and better evaluate how their decision making will either boost or harm their score. Of course, as with any intelligence tool, the insights garnered are only as good as the data used. If the third-party data your platform relies on is incomplete, inaccurate, or out of date, you’ll lack a true understanding of how well you’re performing on ESG issues and how certain decisions will impact your score.

Nexis Data as a Service (DaaS) ensures that your ESG data is always complete, accurate, and up to date. It delivers the highly relevant, archival, and current data your company needs to assess how well you’re performing on ESG issues, as well as to better understand how potential business decisions will either boost or harm your ESG score. Whether you want to integrate data into your in-house ERM system, support ESG efforts, or leverage machine learning and predictive analytics to enhance your risk visibility, Nexis DaaS provides enriched, comprehensive, and easy-to-integrate datasets your ESG intelligence can rely on for deeper, more accurate insights.

The top 3 reasons to complement your ESG intelligence with Nexis DaaS

Nexis DaaS enables you to:

1. Identify additional and previously unknown information

Close any and all data gaps in your ESG intelligence, so that you can eliminate blindspots and find information pertaining to a third party’s ESG policies or commitments outside of the reporting framework.

2. Integrate comprehensive third-party data

Feed licensed print, broadcast, and web news along with social commentary directly into your proprietary analytics applications. Nexis DaaS also offers data on or from:

  • 5 million politically exposed persons (PEPs)
  • 1,400 watch lists and blacklists from enforcement agencies across 240 countries and territories
  • 280 million global public and private companies
  • Legal filings and rulings

Additionally, Nexis DaaS lets you ingest targeted big data to power machine learning algorithms and help uncover emerging trends and risks.

3. Quickly find and utilize relevant data

With Nexis DaaS, your ESG intelligence benefits from enriched, curated data. That’s because we infuse meaning into our vast amounts of content through an intelligent data enrichment process. This proprietary data categorization and indexing is our rules-based SmartIndexing™ technology. It analyzes and tags documents and leverages natural language processing, algorithm semantic analysis, and supervised machine learning to classify data based on subjects, industries, companies, organizations, people and places.

Together with third-party tagging, SmartIndexing enables more efficient, targeted data calls and results wrangling. Yet another feature of SmartIndexing is its Power Topics, which can also greatly improve your ESG intelligence.

Power Topics with Nexis DaaS

A Power Topic is a single SmartIndexing phrase, which incorporates all relevant terms for the target subject or industry to boost your search relevancy. In fact, using a Power Topic is equivalent to creating a query with 30,000 Boolean operators and keywords, as well as sources, without slowing performance.

ESG Factors Power Topics

The ESG Power Topic gives you the ability to filter news on all ESG aspects related to a given company. The term targets company sustainability, ethics, and social and environmental responsibility. This sub-taxonomy comprises about 380 related terms such as “greenwashing,” “carbon footprint,” etc. You can learn more about the different ESG Power Topics here.

Conclusion

Your ESG intelligence can provide some incredible insights—especially if you’re leveraging enriched datasets from an unmatched collection of content sources. To learn more about how Nexis DaaS can improve your ESG intelligence, download this factsheet.