Nasdaq, a renowned capital markets technology leader, has unveiled its latest innovation, Nasdaq Sustainable Lens.
According to ESG Today, this new AI-powered SaaS platform is designed to revolutionize how companies and investors manage and interpret ESG data.
The motivation behind the innovation lies in the increasing complexity and volume of ESG data. Nasdaq’s Sustainable Lens aims to simplify this landscape, offering streamlined access and analysis of sustainability disclosures from thousands of companies. This tool is poised to become an indispensable asset for businesses striving to meet the evolving standards in ESG reporting.
Nasdaq has long been at the forefront of offering cutting-edge solutions for the finance sector. With a reputation for innovation, Nasdaq continues to push the boundaries, especially in areas like ESG data management, which is becoming increasingly crucial in today’s market.
The platform is a game-changer in ESG data analysis. It offers users access to over 9,000 companies’ documents, allowing them to efficiently summarize sustainability-related disclosures. It functions as an AI-powered ESG assistant, replacing the need for manual research.
Key Features of Nasdaq Sustainable Lens include a chat and summarization tool for quick answers, the ability to monitor ESG trends across peers and sectors, and a natural language search tool for navigating sustainability reports. Additionally, it enables users to benchmark disclosures against peers and assess ESG reporting alignment with various regulations and frameworks.
Additional insights from Nasdaq’s research using the Sustainable Lens platform reveal that only 44% of 7,200 analyzed companies provide climate-related disclosures aligned with major standards, while 75% offer human capital disclosures in line with these standards.
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