Broadridge Financial Solutions is adding a service to help companies see how their ESG practices and disclosures compare to peers, the firm has announced.
It will allow big companies to “benchmark” ESG metrics using data aggregated to artificial intelligence, Broadridge stated. The data cover more than 5,000 North American companies across 385 ESG topics.
That could, for example, show companies how they compare in their industry and among similar businesses in total direct emissions, employee hours and wages and board diversity.
The service, ESG Analyzer, will also let users see how their ESG-related disclosures stack up against various standards and frameworks including the Sustainability Accounting Standards Board, Task Force on Climate-Related Financial Disclosures, United Nations Global Compact and others, according to Broadridge.
