Vestr offering innovative analytics to gauge corporate sustainability

In future, Vestr will be offering its client base ESG (Environmental, Social, Governance) product reporting functionalities. To this end, the multi-award-winning FinTech firm based in the Greater Zurich Area will be integrating data from the New York company Clarity AI in its DELTA platform. According to a press release, the two companies have now agreed terms on a strategic partnership in this area.

Clarity AI offers ESG and sustainability functionalities that can be used to adjust ESG risk analyses. According to the press release, Clarity AI covers more than 50,000 listed companies, more than 280,000 funds from 198 countries in addition to 188 governments.

Vestr was founded in 2017 and is headquartered in Zug. The company offers a cloud-based solution for some of the world’s largest issuers of structured products. The solution digitizes lifecycle management processes for issuers’ actively managed investment products.

The partnership with Clarity AI is the latest example of how technology can be used to support sustainability efforts within the finance sector, Vestr writes in the press release. “While ESG metrics are not part of the mandatory financial reporting, companies are increasingly making disclosures in their annual reports or in a standalone sustainability report - and we want to support this development”, comments Rico Blaser, co-founder and CEO of Vestr, in the press release.