SIX Strengthens ESG And Alternative Data Offering With Investment In Orenda Date
23/02/2021
SIX is taking a majority stake via growth investment in Orenda Software Solutions (“Orenda”), a Canadian-based AI platform specializing in ESG and alternative data sets. This step is part of the strategy of SIX to help its customers drive more insights with data, providing consumption-ready data and analytics for faster and more informed decisions.
The transaction is expected to close in the first quarter of 2021. Financial terms of the investment are not disclosed.
Orenda delivers real-time, high frequency ESG scores and insights into a company’s reputation to help measure the sustainability and societal impact of an investment. Orenda is a unique, timely and market-ready innovation based on an AI-powered platform that analyzes and quantifies social media data to provide insights, quantify public perception, and to identify values that resonate with customers and stakeholders
<p><span>Today, SIX launched new ESG indices in the Swiss equity and bond markets. These cover the sustainability criteria of environment, social/society and governance.</span></p>