Thomson Reuters adds ESG analysis to Eikon

Eikon incorporates new application in an effort to analyse real time ESG data.

Demand for socially responsible investment data has seen Thomson Reuters introduce environmental, social and governance (ESG) tools to its Eikon trading platform.

Eikon users will be able to access Insight 360, an application developed by TruValue labs, which claims to offer real time access to data and events relating to ESG statistics for over 7,500 publicly traded companies.

It is estimated that ESG financial data used by the asset management industry grew by 45% over the last four years, representing $59 trillion of assets under management. EU mandates have also required companies with over 500 employees to disclose diversity and all environmental related factors to the markets.

Thomson Reuters said Eikon will provide structured and standardised ESG research data which will allow firms to mitigate and assess the risk of companies against ESG factors and risks.

Ranjit Tinikar, managing director of Thomson Reuters, said: “Through our collaboration with TruValue, inc., financial institutions now have access to a set of comprehensive data solutions to analyse sustainability and ESG factors, and apply them to their relevant investment decisions.”

According to TrueValue labs, Insight 360 can decrease unnecessary risk and utilise tools to recognise corporate social responsibility which, by its account, are meaningful differentiators to investors and capital market players looking for a competitive edge.

Insight 360 is now fully integrated with Eikon. The new app claims to collect and analyse data related to 14 categories of sustainable investing from over 75,000 data sources which are fully transparent and make ESG factors easy to communicate.

With the increase in importance of ESG, Thomas Reuters explained its new application will demonstrate its ongoing pledge to offer powerful solutions to drive informed investment strategies for users of the Eikon platform.