FinTech company Broadridge Financial Solutions has launched an ESG Dashboard in a bid to help companies better understand and monitor their ESG ratings.
According to Broadridge, the dashboard, which is a single web-based solution, provides companies with a single, streamlined consensus view of their ESG ratings and rankings based upon hundreds of sources.
As companies’ ESG rating become increasingly important to both investors and stakeholders, Broadridge said achieving an accurate understanding of those ratings has grown more complex and time consuming.
In the same way a credit report provides actionable insight to consumers, details included in the ESG Performance Dashboard can help corporations gain awareness on who is rating them, compare those ratings with peers and identify where they can improve perceptions.
Companies can access their composite score on a complimentary basis. A more in-depth offering is available which includes exporting up to five years of history and tracking trends across every sub-category for offline analysis and reporting.
The Dashboard, available in the US and Canada, is based on a proprietary algorithm that converts over 300 million data points into a single number and is powered by the independent leader in ESG ratings, CSRHub.
Dorothy Flynn, president of Broadridge Corporate Issuer Solutions, commented, “The Broadridge ESG Dashboard enables companies to reduce the noise and concentrate on the key issues and data to better understand where they stand and how to better focus their efforts,”
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