Refinitiv announced today the adoption of its Environment Social and Governance (ESG) data by FinAPU, a German language-based platform offering risk management solutions to banks, insurance companies, corporations and investment funds.

ESG has become a significant benchmark in the global financial industry, driven by the influence of millennials, regulation and the need to find new data sources to help generate alpha. The Refinitiv ESG data tools and insight will provide FinAPU the ability to seamlessly integrate ESG data with their risk assessment workflows allowing client to calculate portfolio list.

As governments and regulatory bodies develop wide range of policies focused on sustainable investment, market players require insight on credit rating, current currency of ratings, forecasts, ownership structures, equity market and inventory.

Karl Tasch, Chief Executive Officer, FinAPU Group, said: “Our partnership with Refinitiv will provide clients with the ability to act quickly and perform risk assessments covering countries, companies and banks. Clients will be able to carry out portfolio risk analytics involving companies and countries. Reliable ESG data can help guide the allocation of trillions of dollars of investment capital which is now a critical requirement for effective sustainable investment.”

Antonio De Gregorio, Managing Director, Central and Eastern Europe, Refinitiv, said: “We are proud to partner with FinAPU and help incorporate our ESG data into the decision-making processes of their clients. In the past few years, global markets have seen a real shift towards sustainability themes. ESG data will continue its evolution as the bedrock of sustainable financial markets.”

“We are witnessing the advent of ESG-related regulation at EU level, a world-first and surely not the last effort to integrate responsible practices into hard letter regulation. Factors driving the adoption of ESG data tools include the enthusiasm of millennials, greater regulation and stronger links to alpha generation. Our goal at Refinitiv is to make ESG data readily consumable and help pinpoint the investment community to make better and more impactful investment decisions at scale,” he said.

Refinitiv has been serving the financial industry with ESG data and solutions for over 18 years and offers one of the richest ESG databases in the industry with coverage on 9,000+ companies representing over 80% of global market capitalization – a fully transparent resource that is trusted by investors and corporates to drive positive impact and provide comprehensive analysis. As members of the UN Global Compact, Refinitiv is part of a community of 9,000+ businesses across 135 countries that are committed to operating with responsible business practices at its core.

Refinitiv ESG data is designed to help investors make sound, sustainable investment decisions, our ESG data covers 80% of global market cap and over 450 metrics. For more information about Refinitiv ESG data, visit https://www.refinitiv.com/en/sustainable-finance/esg-investing