Accenture has invested in ESG data and insights firm Arabesque S-Ray, through its strategic investment unit Accenture Ventures.
The agreement gives Accenture full access to Arabesque S-Ray's solutions and analysis of transparent, nonfinancial and sustainability performance metrics. Arabesque S-Ray uses big data and machine learning models to draw on more than 4 million ESG data points daily, from more than 30,000 sources of information.
Accenture had previously used Arabesque S-Ray's data and analytics to give clients insight to help achieve better financial performance and growth, as well as managing environmental impact in their communities, a news release said.
The terms of the deal and the investment were not disclosed. The two companies will also develop new tools and methods for capturing, analyzing and reporting ESG data, the release said.
"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," Peter Lacy, chief responsibility officer and global sustainability services lead at Accenture, said in the release. "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."
A spokeswoman could not immediately be reached for comment.
