Industrial Thought, a conglomerate known for its investment in taxation, financial data, and consultancy for the financial sector, has recently announced a strategic investment of £100K in Integrum ESG.
This investment comes alongside a partnership agreement aimed at enhancing the WealthTech sector, particularly by addressing the challenges of greenwashing in wealth management through comprehensive ESG data solutions.
Integrum ESG, standing out with its innovative ‘glass-box’ approach to ESG analysis, offers a clear and validated pathway for wealth managers to align investment portfolios with the growing investor demand for sustainable and ethical investing. This unique SaaS platform is set to transform how ESG risks are assessed and communicated, making it an essential tool for wealth managers in the context of increasingly stringent regulatory frameworks, such as the FCA’s new anti-greenwashing rules.
The importance of transparent and interpretable ESG data has never been more pronounced. With the majority of ESG ratings reliant on obscure methodologies, Integrum ESG’s platform promises a revolution by offering wealth managers a simple yet comprehensive tool to justify sustainable investment choices to their clients. Its key features include real-time controversy alerts and customisable reporting solutions, enabling wealth managers to offer personalised investment advice that genuinely reflects an investor’s sustainability preferences.
The partnership and investment signal a significant step forward in making ESG investing more accessible and understandable for the private wealth management industry. Industrial Thought’s collaboration with Integrum ESG underscores a shared commitment to enhancing trust and transparency in sustainable investing.
Integrum ESG Founder and CEO, Shai Hill, expressed his enthusiasm for the partnership. He said, “We’re delighted to partner with Industrial Thought and its group company Financial Software Ltd. to serve the private wealth management industry better. Wealth managers are now facing regulatory pressures to consider their clients’ sustainability preferences, as well as demand from clients to receive a sustainability assessment within their regular investment reports.
“The ESG ratings used by many wealth managers are completely opaque, creating a risk of greenwashing claims. We look forward to working with the team to broaden access to our one-stop, easy-to-understand, affordable ESG solution.”
Echoing this sentiment, Nuno Godinho, Group CEO of Industrial Thought, highlighted the investment as pivotal for promoting ESG transparency and personalisation in wealth management. “Trust and transparency are crucial if we want to unlock the full potential of ESG investing. Integrum ESG is an essential tool for wealth and asset managers, advisors and even investors to conduct a comprehensive ESG analysis and personalise their portfolios according to their sustainability preferences. This investment enables us to share its capabilities with our clients, expanding how we support them in providing accurate and explainable data.”
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