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A Major New Source Starts Contributing to CSRHub’s Consensus Ratings

CSRHub recently added Covalence’s ESG ratings to its ESG data aggregation system. Covalence contributed ratings on more than 9,200 companies. Founded in 2001 in Geneva, Switzerland, Covalence helps investors integrate ESG factors while controlling greenwashing with its AI-powered scoring system and data feeds. The Covalence approach is based on a diversity of sources of information and relies on web monitoring and artificial intelligence together with human analysis. They compare ESG data publicly reported by companies to online narrative content reflecting the perceptions of stakeholders such as the media and NGOs. This approach allows users to track inconsistencies, monitor changes and benefit from timely alternative data.

CSRHub already had data on 97% of the entities that Covalence tracks. CSRHub had been offering overall ratings on 8,333 (93%) of these entities before adding Covalence’ input. The additional information Covalence provided has allowed a few more entities to receive overall scores. (CSRHub does not offer a consensus rating for an entity unless it can do so with an accuracy of plus or minus one rating point at a 95% confidence interval.) Covalence provided CSRHub with 15 ratings elements that range from an overall ESG rating, separate E, S, and G ratings, and several interesting detail scores such as “Social impact of product” and “Emissions effluent and waste.” More…

Source: CSRHub

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