Datamaran to strengthen SASB’s standards development through cutting-edge AI
3 December 2019 - By Alex Voskou
Datamaran is very pleased to announce that we’re supporting SASB’s standards development. The standard-setting organization will have access to our platform for the next two years, as part of a collaboration agreed in November 2019.
By adopting the Datamaran platform’s cutting-edge AI technology, SASB will:
- Supplement its process of reviewing and monitoring company disclosures across multiple channels on sustainability topics
- Assess the materiality of these topics
- Analyze the nature of company disclosure on them.
This means that Datamaran clients can now analyze their risk and opportunities in the context of the SASB standards and terminology.
As part of the agreement, Datamaran now features the Sustainable Industry Classification System (SICS), allowing investors to carry out a detailed comparison between companies based on their sustainability-related risks and opportunities.
Ian van der Vlugt, our Director of Product, said: “We’re really excited to be collaborating with a well-regarded standard-setting organization such as SASB. They will now benefit from the power of the real-time data we put at their fingertips, which will help to inform their standards-development and ensure they are always reflective of the changing needs of the market.”We’re also proud to be a gold sponsor of the SASB Symposium. This annual gathering of corporate professionals, corporate advisors, investors and investment partners explores practical questions about the materiality of sustainability information and its relevance to the capital markets. This year’s gathering will take place at Fordham University School of Law in New York City on Tuesday 3rd December.
Datamaran is framework-neutral and consistent. Our risk and opportunity analysis is derived from disclosure, regulatory and social media analysis, which can be mapped across a variety of standards such as SASB.
At Datamaran, partnership is a huge part of our approach and this announcement marks our latest high-profile corporate collaboration, following a similar agreement with the Association of Chartered Certified Accountants (ACCA) earlier this year. Ian van der Vlugt continued: “Sustainability, like technology, is all about collaboration. It’s by working together that we can utilize each other’s strengths, offset and solve each other’s challenges, and ultimately, bring about meaningful change. This association is the latest step as we look to further increase our exposure as the data-driven software for assessing external corporate risks.”
The Sustainability Accounting Standards Board (SASB) is a nonprofit organization that develops and distributes sustainability reporting accounting standards, founded in 2011.
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