Swedish national pension fund to measure sustainability through Arabesque S-Ray
Arabesque today announced an agreement to provide the Swedish national pension fund Första AP-fonden (AP1) with ESG data through its proprietary technology Arabesque S-Ray®.
As part of the new partnership, AP1 and Arabesque will also collaborate on developing a unique score for S-Ray® that quantifies the performance of companies based on the UN Guiding Principles on Business and Human Rights (UNGP Score).
Arabesque S-Ray® is an algorithm-based tool that analyses the sustainability performance of approximately 7,000 of the world’s largest listed corporations using self-learning quantitative models and data scores. The technology systematically combines over 200 ESG metrics with news signals from over 50,000 sources across 15 languages. It is the first tool of its kind to rate companies on the normative principles of the United Nations Global Compact (GC Score). Additionally, S-Ray® provides an industry-specific assessment of companies’ performance on financially material sustainability criteria (ESG Score). Both scores are combined with a preferences filter that assesses a company’s business involvements.
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