Brunel Pension Partnership, Bristol, England, hired Truvalue Labs to evaluate environmental, social and governance and reputational risks of the pension fund's equity and bond holdings, a spokesman said.
Truvalue Labs uses an artificial intelligence-powered tool to scan ESG data and score companies on key measures, ranking ESG behavior at a given point in time as well as showing whether ESG performance is improving or declining.
"It can be difficult to find data that captures the ups as well as the downsides, but Truvalue Labs covers both positive and negative aspects of companies' ESG track records," said Helen Price, assistant investment officer at the £30 billion ($37 billion) pool of local government pension schemes, in a Truevalue news release.
Brunel evaluated a number of providers on the market and concluded that Truvalue Labs had the tool the association wanted for communicating with managers and for evaluating the risks in the fund's portfolios, said Faith Ward, chief responsible investment officer, said in the news release.
