Multi-award winning AI-powered sustainability analytics platform GaiaLens has unveiled its industry-first Bespoke Solution, designed to make ESG analysis and reporting of investments much easier for financial institutions. GaiaLens is the first in the ESG reporting market to offer a bespoke technology solution. It will work with clients to build a bespoke back-end function that integrates a client’s disparate ESG datasets, while also building a tailored front-end dashboard and reporting tool to analyse this data better. This has been found to save on average up to 12 hours per sustainability report; large financial institutions often produce 500 reports or more across their portfolios, meaning a saving of 6000 working hours or more can be expected for such users.
GaiaLens’ Bespoke Solution comes at a time when ESG reporting by financial institutions needs to be as easy as possible. According to recent research, 71% of senior managers in financial services see regulatory compliance as one of the top three challenges facing their business this year. The EU Commission’s recent Omnibus announcement highlights the importance of maintaining competitiveness in a tough economic climate, with some elements of reporting seen as onerous. GaiaLens’ Bespoke Solution aims to minimise reporting burdens while also making sustainable investment transparent and low-effort.
“GaiaLens was established by finance professionals, technologists, and academics who believe that economic value creation can and should be combined with environmental stewardship, social inclusion, and sound governance,” comments GaiaLens COO and Co-Founder, Seb Kirk. “Our Bespoke Solution furthers this agenda by making it as easy as possible for financial institutions to understand the ESG impacts of their investments and report on them, supporting them to make sustainable investment decisions.”
Analysing and reporting on the ESG impacts of investments is a complex financial data problem, particularly with the growing volume of disparate ESG datasets that analysts and asset managers have to handle. Past research has found that nearly two-thirds of financial services firms say their organisations are unable to combine data and analytics in a single environment. Through its Bespoke Solution, GaiaLens works to aggregate an institution’s diverse, disparate ESG data sources, organising back-end data functions to ensure data integrity, future scalability and easy analysis. GaiaLens then builds a tailored front-end of user-friendly analysis dashboards and reports based on GaiaLens’ four main tools:
- GL Report – an AI-powered automated sustainability reporting solution. Users can easily upload their investments and generate SFDR, TCFD, UN SDGs, EU Taxonomy, SBTi, Net Zero Tracker, Sustainable Investments and Impact reports within seconds.
- GL Chat – users upload PDFs, like company annual reports, and use the GaiaLens GenAI Chatbot to extract carbon emissions data or analyse trends – a huge upgrade from manually searching PDFs.
- Controversy Alerts – alerts users when a controversy affects a portfolio holding. An LLM is used to generate four controversy scores (E, S, G and greenwashing) with explanations.
- Greenwashing Analytics – using an LLM, it analyses targets, press releases and other communications and compares them to quantitative data like reported emissions and the GaiaLens controversies output, generating a greenwashing risk.
“In the current climate, asset managers and analysts shouldn’t settle for an off-the-shelf solution. We’re challenging the ‘one size fits all’ approach by putting the user at the forefront of our reporting solutions, and it’s already translating into tangible results for users. Our Bespoke Solution saves analysts up to 12 hours per report on average. When you consider that larger financial institutions can have upwards of 500 investments in different companies or funds, this translates to thousands of hours saved a year, saving time that can be spent on more strategic work”, Kirk adds.
For more information on the Bespoke Solution, visit: www.gaialens.com/bespoke-solutions