Refinitiv adds Sigwatch data to Enhanced Due Diligence reports

Maria Nikolova

“This alternative dataset will provide our customers with unique “on the ground” insight, with a focus on critical ESG factors”, says Charles Minutella, head of Refinitiv’s Enhanced Due Diligence business.

Provider of financial markets data and infrastructure Refinitiv is expanding the scope of its Enhanced Due Diligence (EDD) reports with the inclusion of NGO sourced data from Sigwatch, a UK-based provider of global NGO and ESG issue tracking and reputational impact data. The agreement enables Refinitiv customers to vet companies and investments against a reliable and unique source of alternative data on reputational and governance risk.

Enhanced Due Diligence reports from Refinitiv provide detailed background checks on companies and investors that require a higher level of scrutiny. The reports support compliance teams as they look to meet their regulatory obligations, optimize the due diligence process and protect company reputation.

The collaboration enables Refinitiv to offer insight into NGO campaigns affecting more than 19,000 companies, brands and projects, plus details on more than 80,000 campaign actions and up to 40 new campaigns reported daily.

The data is particularly useful when assessing global supply chain risk, or when entering into higher-risk transactions such as IPOs and mergers and acquisitions. Reputational impact data is valuable to investors, banks and corporates as they increasingly look to use environmental, social and governance factors to decide where to allocate capital, the value they place on a company and how they manage risk.

Charles Minutella, head of Refinitiv’s Enhanced Due Diligence business, commented:

“Data is at the heart of what we do at Refinitiv and that’s why I’m very excited about our content partnership with Sigwatch. This alternative dataset will provide our customers with unique “on the ground” insight, with a focus on critical ESG factors that have become increasingly significant in the decision to conduct business with a company.”

Refinitiv will feature data from Sigwatch in all three categories of Enhanced Due Diligence reports it offers to customers. The level of data included will vary according to whether customers opt for Refinitiv’s Lite, Standard or Premium EDD report.

The Premium report will feature the full range of Sigwatch data, including the trends and top issues affecting the industry of the company under review, a summary table featuring the number of criticisms of the company in the last 12 months, the number of praises and the total number of NGO actions. It will also include charts on the top issues affecting the company, the top NGO criticisms, as well as a detailed elaboration of the five most recent NGO criticisms of the company.

Read this next

Metaverse Gaming NFT

Despite crypto winter, Fastex grabs $23.2 million in Fasttoken token sale

Fasttoken, part of the Fastex web3 ecosystem, has secured $23.2 million in financing through the private and public token sales of its native cryptocurrency Fasttoken (FTN).

Digital Assets

Iran to repay Russian debts in gold-backed stablecoins

A high-ranking member of the Russian parliament confirmed reports that his country was in talks with Iran to create a stablecoin for foreign trade settlements, to replace the dollar, ruble and Iranian rial.

Digital Assets

SEC denies Cathie Wood’s bitcoin ETF for second time

The approval of a regulated crypto derivative is still looking far less likely, as the US regulators have once again denied Cathie Wood’s application for a long-awaited spot bitcoin exchange-traded fund (ETF).

Executive Moves

Pavel Spirin promoted to Scope Markets CEO following Rostro acquisition

Belize-based FX and CFDs brokerage Scope Markets has promoted Pavel Spirin to take on an expanded role as the company’s chief executive officer. He replaces the outgoing CEO Jacob Plattner, who has also been a major shareholder since he resigned his position as managing director at GKFX.

Retail FX

Public.com goes all-in on alternative investing, launches Rare Sneaker Portfolio

“The concept of curated Portfolios means that our members will be able to invest in categories like art, trading cards, royalties, and real estate without needing to become subject matter experts on individual assets.”

Industry News

State Street taps AWS and Microsoft for cloud and infrastructure solutions

“By standardizing and simplifying our technology operating model, we will be able to more quickly deploy client environments and launch new products and services, while continuing to enhance the resiliency of our technology environment and our business operations.”

Institutional FX

Bitpanda launches Investment-as-a-Service business for banks, fintechs, online platforms

“Financial institutions today have to ask themselves how they aim to cater the increasing demand for modern investing solutions. Building these Individually, means a high startup cost, and products that are often outdated before they are even launched.”

Institutional FX

Options expands market data feeds after partnership with Tools for Brokers

“Our integration with ACTIV Financial marked the beginning of a new era in market data availability and infrastructure. Our teams have come together to provide unparalleled, fully managed market data services alongside Options’ global connectivity and infrastructure.”

Industry News

Recruitment in financial services sector buoyant despite planned mass layoffs

“It remains to be seen what impact this will have on hiring levels within the financial services arena this quarter”, said APSCo, regarding the expected mass layoffs within the financial services sector in England & Wales. 

<