U.S. research firm Cowen to provide ESG scores in company reports
By Simon Jessop
LONDON (Reuters) — U.S. brokerage Cowen said on Monday it would become the first major Wall Street firm to provide an environmental, social and governance (ESG) score on each of its company equity reports.
The announcement comes as more investors look to assess the potential impact on a company’s value of issues as wide ranging as carbon emissions, worker relations and boardroom diversity.
Cowen said it would use technology and data from third-party ESG specialist Truvalue Labs, which deploys artificial intelligence to assess more than 100,000 sources of information that can help give a steer on potential issues and controversies in real time.