Data for Good Requires Good Data

Amy King December 16th, 2019

There is no doubt that companies are adopting more practices focused on doing “good” with their data. Much of that is aligned with environment, social, and governance (ESG data) causes. These causes include climate change, fighting poverty, and ensuring fair pay throughout the organization as examples of data for good.

As a result of this, companies are being scored based on their ESG impact and that data is often available for free. This year has seen an increase in the number of companies putting this ESG data to use.

Many investment firms are now using this ESG data for a socially responsible investing portfolio which attracts younger investors who are often more interested in putting their dollars towards companies who show commitments to “good” principles. According to Morningstar, in just the first half of 2019, “sustainable funds attracted an estimated $8.9 billion in net flows…surpassing their $5.5 billion in flows for all of 2018.”

We’ve worked closely with several investment companies to ingest and integrate ESG investing data into their portfolio platforms and they have recognized by the FinTech industry for their work. Specifically, Nuveen, a subsidiary of TIAA, has been recognized this year with two awards for their responsible investing platform.

The first is the CIO100 award which celebrates organizations that are using IT in innovative ways to deliver business value. The second award is the “Best Use of Data” from the Banking Technology Awards given to Zaloni directly for our work with Nuveen on their ESG data platform.

We’re so thankful to be working with companies that realize the impact that data can make on the world. Whether it’s through providing responsible investing solutions to customers or ensuring data security through a robust data governance solution, we’re here to help.