AI-Enabled Solution Helps Clients Verify ESG Data and Streamline Data Management
ACA Group Revolutionizes ESG Data Management with Enhanced ACA Vantage for ESG Platform
Media
ACA Group
Gregory FCA
aca@gregoryfca.com
ACA Group (ACA), the leading provider of governance, risk, and compliance (GRC) solutions to clients in the financial services industry, today announced the launch of the next generation of ACA Vantage for ESG™, its advanced ESG data management and risk monitoring solution. This enhanced platform is designed to collect ESG data, monitor, report, and enable streamlined data operations. This move introduces a comprehensive update designed to address the increasingly fragmented landscape of ESG software.
As global regulatory bodies, including the U.S. Securities and Exchange Commission (SEC) and Financial Conduct Authority (FCA), implement enhanced climate disclosure requirements and investors demand greater transparency, ACA Group has redefined ESG data operations to help firms meet these evolving expectations. The ACA Vantage for ESG platform provides a seamless, AI-enabled solution that empowers financial firms to verify ESG data, streamline data integration, and mitigate greenwashing risks, all while aligning with industry standards like the Partnership for Carbon Accounting Financials (PCAF).
Trusted by over 150 financial services firms managing more than $500 billion in assets across regions including the U.S., UK, Canada, and Europe, ACA Vantage for ESG helps clients efficiently monitor, report, and manage ESG data. Over 1,100 users rely on its robust capabilities to analyze over 10 million data points across 600+ ESG metrics.
Driven by client feedback, the enhancements are designed for alternative strategies, such as private equity, private credit, and securitized assets, to efficiently manage the growing volume of ESG requests from investors. ACA Vantage for ESG solution introduces the following notable features:
- Configurable ESG software: Tailor ESG frameworks for diligence or analysis using customizable dashboards and drag-and-drop functionality.
- Comprehensive data integration: Seamlessly integrate ESG data from multiple sources, including AI-based collection, direct measurement, surveys, third-party datasets, and firm-specific data.
- Centralized reporting framework management: Simplify the reporting process across 600 ESG frameworks, with tools that adapt to evolving LP and regulatory requirements.
- Advanced survey tools: Streamline data collection across portfolios, supported by intraday monitoring of negative news and controversies in 20 global markets and eight languages.
- Verifiable ESG data: Ensure accuracy with features like source validation, approval workflows, and AI monitoring, reducing the risk of greenwashing and increasing investor confidence.
- Carbon Wayfinder: A best-in-class tool for calculating and visualizing carbon footprints aligned with PCAF methodologies, offering actionable insights for managing carbon impact.
“We saw a clear gap in the ESG data space where platforms could collect data but fell short on extracting and managing it efficiently,” said Dan Mistler, partner at ACA Group. “That’s why we built this solution, which brings together multiple ESG data approaches and leverages AI to distill meaningful insights. Clients are supported by the expertise of our team, which combine cutting-edge technology and human expertise to empower clients with the tools they need to achieve transparency and regulatory compliance in sustainable finance.”
About ACA Group
ACA Group (ACA) is the leading governance, risk, and compliance (GRC) advisor in financial services. For over 20 years, we’ve empowered our clients to launch, grow, and protect their business. Our global team of 1,300 employees includes former regulators and practitioners with a deep understanding of the regulatory landscape. Our innovative approach integrates advisory, managed services, distribution solutions, and analytics with our ComplianceAlpha® technology platform. For more information, visit https://www.acaglobal.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241121233202/en/
Add Comment