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ESG roundup: UK managers send stronger message on ethnic diversity

By Susanna Rust2021-02-24T09:08:00+00:00 UK investment managers are looking to send a stronger message to boards about their ethnic diversity in this year’s season of annual general meetings (AGMs), according to updated Investment Association (IA) guidelines. This year, IVIS, the IA’s voting service, will for the first time issue a so-called “amber-top” for FTSE 350 companies that do not disclose either the ethnic diversity of their board or a credible action plan to achieve the target of having at least one director from an ethnic minority background by 2021. 2021 is the first year for that target under the government-backed Parker Review.

SIX Strengthens ESG And Alternative Data Offering With Investment In Orenda

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

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