Stockholm (NordSIP) – Arabesque announced a partnership to provide Accenture full access to its Arabesque S-Ray solutions and analysis of transparent, non-financial and sustainability performance metrics in exchange for an undisclosed investment amount.
The partnership is motivated by recent research from Accenture Strategy and UNGC that shows the importance of non-financial metrics, like ESG factors, for stakeholder value creation. According to the report, over three-quarters (76%) of global CEOs say citizen trust will be critical to business competitiveness in their industry in the next five years. Two-thirds see technology as the single most critical accelerator of the socio-economic impact of their companies to achieve the UN Sustainable Development Goals by 2030.
“The demand for access to and analysis of ESG data has only been increasing. We’re excited to expand our working relationship with Accenture, and offer more companies around the world the ability to gain insights into their sustainability efforts and drive real success together,” said Dr. Daniel Klier, incoming CEO of Arabesque S-Ray (Pictured).
Using big data and machine learning models, Arabesque S-Ray capabilities draw on more than four million ESG data points daily from over 30,000 sources to drive key insights for Accenture clients seeking to accelerate their journey to make responsibility and sustainability a competitive advantage.Through the agreement, Accenture supports Arabesque S-Ray’s data and processing capabilities. Together, the companies will also develop new tools and methods for capturing, analyzing and reporting ESG data.
“Sustainability transformation must be both technology-driven and linked to value to be successful. Creating shareholder value, while also tackling some of the world’s greatest challenges, requires rewiring the global economy with new levels of data, insights and action,” said Peter Lacy, chief responsibility officer and global Sustainability Services lead at Accenture. “We are pleased to expand our relationship with Arabesque S-Ray to help our clients lead with better decision making, more informed investment prioritization, and accelerated realization of overall business value from their sustainability efforts, goals and ambitions.”
Accenture has previously leveraged Arabesque S-Ray data and analytics to offer clients insights about the sustainable growth. Accenture Strategy’s The Bottom Line on Trust analysis of more than 7,000 companies around the world operating across 20 industries used S-Ray data to co-develop a proprietary “trust score”. This metric was used to argue that trust is a critical component of competitiveness, as important as growth and profitability.