About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Orenda Taps Twitter and AI to Provide Real-Time, High-Frequency ESG Scores

Subscribe to our newsletter

Orenda Software Solutions is taking an innovative approach to ESG by tapping Twitter content and using an AI powered platform to provide real-time, high-frequency ESG scores and insights into a company’s reputation that can help measure the sustainability and societal impact of an investment.

The company was founded in 2015 by CEO Tanya Seajay, a former journalist and crisis management specialist, and is based in Ontario, Canada. SIX acquired a majority stake in Orenda in February 2021.

Seajay, who will present a keynote at A-Team’s Data Management Summit Virtual on 28 April  2021, the first day of the event, says: “We capture conversation in real time and if a company is behaving well our technology moves up its metrics, if conversation is unfavourable, metrics go down. There is no need for data scientists to understand what is happening in the market.”

Orenda’s AI platform analyses social media data to provide insights, quantify public perception, and identify values that resonate with customers and stakeholders. Unlike many ESG data services that extract information from companies’ annual reports, Orenda’s metrics allow organisations and investors to make better decisions based on real-time information.

Orenda is currently using Twitter as its main source of content and is currently consuming – under a licence with Twitter – one million data points a day. It plans to double this over the summer and continue to expand the number of data points it processes going forward. Seajay says: “There are about 500 million data points a day on Twitter. The biggest users are journalists breaking news. Society determines what is important and we extract information based on a collective view.”

The company’s initial market was in North America and it has since extended into Europe and Asia – a UK service is just weeks away. Users of Orenda’s ESG metrics and signals include front and back-office research groups and trading teams.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Harnessing analytics with trusted and quality data for real-time insight and decision making

Analytics are only as good as the data they analyse, and real-time insight and decision making are only as good as the analytics they are based on, raising questions about how to ensure fundamental data quality and trust in data, data accessibility in real time, and the extent to which this is required in different...

BLOG

Deutsche Börse Makes All-Cash Offer for SimCorp

Deutsche Börse has made an all-cash offer for SimCorp. It also plans to combine its existing data and analytics subsidiaries Qontigo and ISS (Institutional Shareholder Services) to create an investment management solutions business offering data, index and analytics products, as well as software solutions. SimCorp’s board of directors has confirmed its intention to recommend that...

EVENT

Buy AND Build: The Future of Capital Markets Technology, London

Buy AND Build: The Future of Capital Markets Technology London on September 21st at Marriott Hotel Canary Wharf London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

ESG Handbook 2023

The ESG Handbook 2023 edition is the essential guide to everything you need to know about ESG and how to manage requirements if you work in financial data and technology. Download your free copy to understand: What ESG Covers: The scope and definition of ESG Regulations: The evolution of global regulations, especially in the UK...