TCS launches ESG Integration Solution on AWS Platform

TCS has launched its ESG (Environmental, Social, and Governance) integration solution on the Amazon Web Services (AWS) platform to help financial institutions more easily and accurately measure the impact of the ESG factors in their investment analysis.

Consisting of a cloud-native EGS data integration platform and custom ESG scoring model, the solution is integrated with the AWS Data Exchange and allows more flexibility and transparency to align investment portfolios with the ESG criteria. It also measures them against standardized and quantifiable sustainability benchmarks.

K Krithivasan, Business Group Head, Banking, Financial Services, and Insurance, TCS, said, "Progressive financial managers increasingly use environmental, social and governance factors to identify risk, monitor performance, and create differentiated investment propositions. Cloud can act as a driver for sustainability. By providing an integrated 360-degree vision of the ESG performance of companies and insight into the real-world impact of investments in terms of the United Nations’ Sustainable Development Goals, asset managers are afforded the transparency today and flexibility tomorrow to adapt to future changes to create differentiated investment products, services, and customer experiences."

AWS data exchange helps customers find, subscribe to, and use third-party data in the AWS Cloud with ease.

The solution uses AWS analytics, machine learning, and artificial Intelligence capabilities, which let uncover new insights at regional, sectoral, and corporate levels that allows users to create a portfolio of strong ESG performers.

Offered as a microservice, asset managers can access the latest versions of the ESG datasets and scale them up or down to meet demand with no additional infrastructure management.

Microservices are software systems to construct a single application as a collection of services whereby the services are detailed, and protocols are lightweight.

The solution allows investment managers to obtain non-financial data quickly and easily from the leading data sources, which include ESG data providers on the AWS Data Exchange, and thus enables the setting and tracking of key performance criteria unique to their needs and evolving regulatory requirements.